On Friday, 31st December, 2021, the President signed the 2022 Appropriation Bill as well as the enabling 2021 Finance Bill which sets the tone for fiscal year by providing the legal backing to the government’s expenditure.

Fiscally speaking, the budget clearly shows once again that Nigeria is broke, significant steps have not been taken towards revenue generation and our rising debt is leading us towards the path of an unsustainable debt crisis.

Read our Position Paper on the budget here https://bit.ly/3zNYHe0