 While staying staying with the House of Reps, the House of Representatives said on Tuesday there will be no budgetary allocation to the Nigeria sovereign wealth fund from the Federation account for the 2022 fiscal year. Chairman of the House Committee on Finance, James Falake, made the position of the House known as the budgeted defense of the Ministry of Finance and its agencies. He said the agency had failed to present its budget to the parliament for consideration since it was created. He said the sovereign wealth fund has continued to rely on its enabling law, which said that the board of the agency will approve its budget. According to him, the House will write to the Office of the Accountant General of the Federation to ensure that no money is dispersed to the agency and the 2022 budget.