President Muhammadu Buhari is expected to present the 2022 budget to a joint session of the national assembly on Thursday.

Ovie Omo-Agege, deputy senate president, announced this on the floor of the upper legislative chamber on Tuesday.

Omo-Agege said the president is seeking changes in the medium term expenditure framework (MTEF) and fiscal strategy paper (FSP) — parameters for next year’s budget. 

He added that Buhari said the changes are in line with the newly enacted Petroleum Industry Act (PIA).

After reading Buhari’s letter, Omo-Agege directed the senate committee on finance to effect the changes and report to 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.

The Cable