BREAKING: Nigeria’s Senate passes 2022 Appropriation Bill of N17.126trn

Nigerian Senate. [Image: Courtesy]
Nigeria’s Senate has passed 2022 Appropriation Bill of N17.126 trillion against the N16.391 trillion sum presented by President Muhammadu Buhari on Oct. 8, 2022 to the the joint session of the National Assembly for approval.

This follows the approval of the  budget by the House of Representatives on Tuesday, paving way for Senators to make a determination.

The budget deficit was raised by N98 billion to accommodate additional requests of federal importance which have not been captured in the budget estimates and which could not be covered by the revenue upsurge.

Nigeria had an estimated population of over 200 million as of 2020, according to the National Population Commission (NPC), the population growth, however, is not matched by economic growth, especially in infrastructure and job opportunities.

In the president’s budget proposal, a total of N816 billion for public expenditure in the health sector represents about 4.93 percent of the N16.39 trillion budget.

The budget does not have any single line item for family planning as a measure of controlling the population that is already overburdened with insecurity, poverty, and other crises that have befallen Africa’s most populous country.

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