President Muhammadu Buhari has said the 2022 budget is designed to build on the achievements recorded in previous budgets and to actualize the 2021-2025 development plan.
He said this while presenting the 2022 budget estimate before a joint session of the National Assembly on Thursday.
President Buhari said the 2022 budget will be the last full-year budget to be implemented before the end of his administration in 2023.
Buhari had on Wednesday written both chambers of the National Assembly intimating the lawmakers that he will be presenting the 2022 budget estimate before them by 12 noon.
The 2022 budget estimate has a projection of N16.39 trillion.
Earlier in the day, security within and around the National Assembly Complex in Abuja has tightened ahead of the event.
Newsmen report that security operatives at the entrance to the National Assembly are conducting thorough screening on staff and other people coming into the complex before being allowed entry.
Newsmen observed that those without a pass were being denied access to the National Assembly Complex.