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2022 fiscal framework: Buhari seeks senate approval for adjustments

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The Senate has received a request from President Muhammadu Buhari to approve adjustments to the 2022 fiscal framework.

President Buhari in a letter explained that an adjustment to the 2022 fiscal framework became imperative in view of new development in both the global and domestic economies.

Buhari wants the chamber to approve an increase in the estimated provision for petrol subsidy in 2022 to 4 trillion naira.

The president maintained that the development was occasioned by the spike in the market price of crude oil as a result of the Russian-ukraine war.




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