This shows an increase of one point three two trillion naira from the twenty point five one trillion naira budget proposal of President Muhammadu Buhari.
A breakdown of the budget indicates an allocation of nine hundred and sixty seven point five billion naira for statutory transfers, six point six trillion naira for debt servicing, eight point three trillion naira for recurrent expenditure, and five point nine trillion naira for capital expenditure.
Meanwhile, the Senate has passed the 2022 supplementary budget of eight hundred and nineteen point five billion naira.
The senate said the amendment of the 2022 Appropriation Act is to ensure the implementation of the key capital project in the Act which has not been funded.
The upper legislative chamber said it is expedient that the capital projects be extended to prevent the problem of abandoning projects in the budget.
The supplementary budget is to address food security following devastating floods across the country as well as damages to road infrastructure and the water sector.
