By Emmanuel Nduka
The Nigerian Senate has passed the 2022 budget of N17.126 trillion against N16.391 trillion naira as presented by President Muhammadu Buhari.
As earmarked, the sum of N3.8 trillion is for debt service, N6.9 trillion recurrent non-debt expenditure, while N5.4 trillion is for capital expenditure.
The Senate also increased the benchmark price of crude from 57 to 62 dollars per barrel, from which a proposed increase in revenue is expected.
