Connect with us

News

National Assembly transmits 2022 budget to Buhari

Published

on

The National Assembly has transmitted the 2022 budget to President Muhammadu Buhari for his assent.

2022 budget

2022 budget

The Federal Government’s budget was passed by the House of Representatives and the Senate on Tuesday and Wednesday of last week, respectively, lifting the overall estimates from N16.391tn to N17.126tn.

The oil benchmark was lifted from $57 per barrel to $62 per barrel.

The budget would be transmitted to Buhari on Thursday, according to Senate President Ahmad Lawan.

According to a correspondence from the Clerk to the National Assembly, Ojo Amos, to the Presidency, which our correspondent saw on Tuesday, the budget was transmitted on Friday and received by the President’s Office of the Chief of Staff on Saturday.

The transmission letter, NASS/CNA/37/Vol.1/35, was addressed to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and headlined ‘APPROPRIATION BILL, 2022.’

In accordance with the provisions of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria, 2004, I wish to forward to Your Excellency the authenticated copies of Appropriation Bill, 2022, for your consideration and assent, it said.

Following Your Excellency’s assent, one copy of the signed bill should be maintained in your office, while the other two should be returned for our future action, please.

The National Assembly had reverted the country to a January-December budget cycle with the 2020 budget.

Buhari signed the 2021 Appropriation Bill into law on January 1, 2021, with its life cycle set to expire on December 31, 2021 (Friday) if not for the National Assembly’s recent three-month extension of the lifespan of its capital component.

The President is anticipated to sign the bill into law by Saturday.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

TapSwap sets July 1st as new launch date

Published

on

By

Tapswap

The popular crypto-currency platform, TapSwap has officially postponed her launch date from May 30th to July 1st, citing some reason for numerous bots.

This was made known to the public via the official social media platform of the crypto-currency platform on X.com (formerly Twitter) on Wednesday.

It was gathered that TapSwap decided to shift the launch date to July after they discovered some illegal bots are compromises the integrity of the token distribution process, hence enabling users to earn an unfair amount of Shares.

In order to rectify this issue, according to a statement released by TapSwap, they need sometime to identify, stop, and ban these bots, noting that this move will reward those who have earned them honestly.

See the screenshot of their statement below:

This is a developing story on TapSwap, check back for latest update…

Continue Reading

News

BREAKING: Tinubu signs old National Anthem bill into law

Published

on

By

Nigerian president, Bola Ahmed Tinubu has officially signed the old national anthem bill, making it a law.

THE DAILY PAGE recalls that the Nigeria senate on Tuesday passed a bill seeking to revert from the current national anthem to the old national anthem, “Nigeria, we hail thee”.

This was made known to the public by the Senate President, Godswill Akpabio on Wednesday during a joint session of the National Assembly.

This is a developing story, check back for update…

Continue Reading

News

NLC rejects N60,000 new minimum wage proposed by FG

Published

on

By

new minimum wage rejected by NLC

The Federal Government of Nigeria has proposed N60000 new minimum wage has been rejected by the Nigeria Labour Congress, which claims it is offensive to the sensitivities of Nigerian workers.

According to a report by the Cable Newspaper, the Nigeria Labour Congress and Trade Union Congress rejected an earlier proposal by the federal government for a minimum salary of N48,000. This rejection occurred in as little as two weeks.

THE DAILY PAGE recalls that the National Labor Council (NLC) and Trade Union Congress (TUC) had suggested a minimum salary of N615,500 for Nigerian workers, noting the country’s high cost of living. They also gave the federal government until May 31 to complete the process of setting a new national minimum wage.

This is a developing story, check back for an update…

Continue Reading

Trending