The Senate has passed the 2022 budget of N17.126 trillion against N16.391 trillion naira as presented by President Muhammadu Buhari.
N3.8 trillion is said to be for debt service, N6.9 trillion for recurrent non-debt expenditure while N5.4 trillion is for capital expenditure.
The benchmark price of crude was pegged at 57 to 62 dollars per barrel in the budget, and it is expected there will be an increase in revenue.
