OrderPaperToday – The House of Representatives on Tuesday passed the sum of N17.126 trillion as the 2022 Appropriation Bill.

The Senate however delayed passage of the bill to Wednesday.

The budget passed by the green chamber indicates an increase of N735 billion over the N16.39 trillion submitted by President Muhammadu Buhari in November for the 2022 fiscal year.

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The passage of the 2022 budget bill followed consideration of the report by the Chairman, Committee on Appropriation, Mr. Mukhtar Betara, during plenary session.

The report requested the House to “authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of  N 17,126,873,917,692 (Seventeen Trillion, One Hundred and Twenty-Six Billion, Eight Hundred and Seventy-Three Million, Nine Hundred and Seventeen Thousand, Six Hundred and Ninety-Two Naira) only, of which N869,667,187,542 (Eight Hundred and Sixty-Nine Billion, Six Hundred and Sixty-Seven Million, One Hundred and Eighty-Seven Thousand, Five Hundred and Forty-Two Naira) only is for Statutory Transfers, N3,879,952,981,550 (Three Trillion, Eight Hundred and Seventy-Nine Billion, Nine Hundred and Fifty-Two Million, Nine Hundred and Eighty-One Thousand, Five Hundred and Fifty Naira) only is for Debt Service, N6,909,849,788,737 (Six Trillion, Nine Hundred and Nine Billion, Eight Hundred and Forty-Nine Million, Seven Hundred and Eighty-Eight Thousand, Seven Hundred and Thirty-Seven Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N5,467,403,959,863 (Five Trillion, Four Hundred and Sixty-Seven Billion, Four Hundred and Three Million, Nine Hundred and Fifty-Nine Thousand, Eight Hundred and Sixty-Three Naira) only is for contribution to the Development Fund for Capital Expenditure for the for the year ending and approve the recommendations therein.”

Thereafter, the House dissolved into Committee on Supply for a clause-by-clause consideration of the report. The Committee was chaired by the Speaker of the House of Representatives, Femi Gbajabiamila.

At some point into consideration of the report, Mr. Kinsley Chinda (PDP, Rivers) raised a point of order challenging the relevance of a 10% set aside for the Economic and Financial Crimes Commission (EFCC) and Nigerian Financial Intelligent Unit (NFIU).

However, the Speaker in his response said “your point has been noted. It is only good for the agencies to be encouraged to make use of the funds so that it will help them in fight against corruption.”

According to the clause in question, “the Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligent Unit (NFIU) are authorised to charge and defray from all monies standing in credit to the units as revenues or penalties or sanctions at 10% for technical setup and operational cost at the units in this financial year.”

The National Assembly had similarly raised the 2021 budget above what the President submitted.



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