Buhari signs the appropriations bill for N21.83 trillion into law.

President Muhammadu Buhari signed the 2022 Supplementary Appropriations Bill and the N21.83 trillion 2023 Budget into law on Tuesday. The President said the overall expenditures of N21.83 trillion, which are a rise of N1.32 trillion over the initial Executive Proposal for a total expenditure of N20.51 trillion, represent the eighth and last yearly budget of his administration. He gave the Finance, Budget, and National Planning Minister instructions to consult with lawmakers and examine some of the adjustments made to the executive budget proposal. He expressed the hope that the National Assembly will work with the government's executive branch on that matter. The 2022 Supplementary Appropriations Act, according to the President, will allow the government to address the damage that the most recent nationwide floods have wreaked on the infrastructure and agricultural sectors. He stated that further information on the approved budget and the accompanying 2022 Finance Act will be provided later, as is customary, by the Minister of Finance, Budget and National Planning. He stated, "We have reviewed the revisions made to the proposed 2023 Executive Budget by the National Assembly. The National Assembly's revised fiscal framework for 2023 projects extra receipts of N765.79 billion and an unfunded deficit of N553.46 billion. "It is obvious that some of the proposed extra revenue sources must be included in the fiscal framework by the National Assembly and the executive. This has to be fixed. Additionally, I've taken note of how the National Assembly included fresh initiatives to the 2023 budget proposal for which it allocated N770.72 billion. The National Assembly also added N58.55 billion to the provisions made by Ministries, Departments, and Agencies (MDAs). According to President Buhari, he made the decision to sign the 2023 Appropriations Bill into law in the form it had been passed by the National Assembly in order to allow its implementation to get started right away in light of the upcoming process of switching to another democratically elected government.