Entertainment
Nigerian Senate Passes Country’s Budget For 2022 Financial Year
Nigerian Senate has passed Nigeria’s budget for the 2022 financial year.
Yesterday, the Senate passed the budget after they added 800 billion naira to increase the first estimated budget of N16.4 trillion, which President Buhari presented, to N17.126 trillion.
This latest development happened a day after the House of Representatives had already passed the budget
Read More: President Buhari Reveals Why He Did Not Assent To The Electoral Act Amendment Bill
The Senate also increased the oil benchmark price from $57, which the executive arm of government had proposed, to 62 dollars to reflect the current international market condition.
But they left the exchange rate as it was at N410.15.
They passed the budget after they considered the recommendations from the report, which was presented by the chairman of the Nigerian Senate Committee on Appropriation, Barau Jibrin.
According to Chiarman’s presentation, 869.6 billion naira is for statutory transfers, 3.8 trillion naira is for debt service, 6.9 trillion naira is for recurrent expenditure, and 5.4 trillion naira is for capital expenditure.
Read More on NewsPlanet Nigeria
BBNaija S9: Kellyrae Teases Kassia After She Sp@nks Him (Video)
Big Brother Naija Season 9 housemates Kellyrae and Kassia shared a playful moment. Kassia unexpectedly sp@nked Kellyrae, leaving him shocked....
BBNaija S9: Topher Reveals His Ideal Type (Video)
Big Brother Naija Season 9 housemates Anita and Topher engaged in a conversation about their ideal partners. Anita considered creating...
BBNaija S9: Onyeka Opens Up About Her Transformation Through Faith (Video)
Big Brother Naija Season 9 housemate Onyeka shared a heartfelt testimony about her spiritual journey, revealing how her faith in...
BBNaija S9: Kellyrae’s Birthday Wish Sparks Hilarious Exchange with Kassia (Video)
Big Brother Naija Season 9 housemate Kellyrae is about to celebrate his birthday later in the house, and his wish...
BBNaija S9: Victoria and Kassia Find Solace in Each Other’s Company After Latest Evictions (Video)
Amidst the drama and tension in the Big Brother Naija house, Victoria and Kassia shared a lighthearted and heartfelt moment....
BBNaija S9: Wanni’s H£artbr£aking Confession After Handi and Shaun’s Eviction (Video)
Big Brother Naija Season 9 housemate Wanni br0ke d0wn in t£ars as she struggled to cope with the dev@stating loss...
BBNaija S9: Victoria Offers Support to Devastated Wanni After Double Eviction (Video)
The latest eviction night on Big Brother Naija Season 9 left housemate Wanni reeling after saying goodbye to not one,...
