 The big day is here and President Mohammed Buhari has presented the 2022 budget of economic growth and sustainability to a joint sitting of the National Assembly. The President assured that the budget will help in tackling the insecurity, building infrastructure and lead to economic growth when fully implemented. Immanuel Ehidjides report is presented for most of the years. President Mohammed Buhari arrives the National Assembly at about 12 noon, as planned. No-makers are already seated as he makes his way through the gallery, accompanied by ministers and top government officials. The event is a presentation of the 2022 Appropriation Bill. The President announces that the budget proposal is designed to build on the achievements of previous ones. Members of the National Assembly, the 2022 and 2024 Median Time Expandature Framework and Physical Staff Treaty Paper set out the parameters for the 2022 budget as follows. A conservative oil price benchmark of 57 United States dollars per barrel. A breakdown shows that 768.28 billion Naira is for statutory transfers. 6.83 trillion Naira for non-debt recurrent expenditure. 5.35 trillion Naira for capital expenditure. And 3.61 trillion Naira for debt servicing. We plan to finance the deficit merely by a new borrowings. Total in 5.01 trillion Naira. 90.7 billion Naira for privatization proceeds. And 1.16 trillion Naira drawdowns on loans secured for social development projects. The Senate President Hamid Lawan had earlier hopped on the need to generate more revenue from government agencies. The Speaker of the House of Representatives, Femig Bajabiamila, on his part, promises that thorough accounting would be demanded for previously appropriated funds. The 2022 budget proposal is no doubt an ambitious one, but now the expectations from Nigerians will be that government has the political will to implement it. You get notified about fresh news updates.