Senate passes amendments to 2022 Appropriation act

The National Assembly has passed amendments to the 2022 Appropriation Act and 2022 Fiscal Framework.
The Senate and the House of Representatives considered and adopted reports on the amendment bills based on the request by the President Muhammadu Buhari.
The parliament approved a new oil price benchmark of $73 per barrel, a new oil production volume of 1.600 million per day, and a PMS subsidy of N4 trillion.
The Fiscal framework raised the deficit in the Federal Government’s budget by N965.42 billion to N7.35 trillion.