On Thursday, President Muhammadu Buhari is due to propose the national budget for 2022 before a joint session of the national assembly.
On Tuesday, deputy senate president Ovie Omo-Agege announced this on the floor of the upper legislative chamber.
The president is seeking adjustments to the medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP), which are the parameters for next year’s budget, according to Omo-Agege.
Buhari said the modifications are in keeping with the newly enacted Petroleum Industry Act, according to him (PIA).
After reading Buhari’s letter, Omo-Agege directed the senate committee on finance to effect the changes and report to the plenary on Wednesday.
“The committee should have the report by tomorrow before budget presentation on Thursday,” he said.
Femi Gbajabiamila, speaker of the house of representatives, also announced the budget presentation in the green chamber.
The joint session will be held in the lower legislative chamber.
The initial total sum of the 2022 budget was N13.98 trillion, but the figure may change after work is done on the revised MTEF by the national assembly.
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