Nigerian President Muhammadu Buhari has written to lawmakers seeking a 17.67 percent increase of the Federal Government’s projected expenditure in 2022 to N16.45 trillion from N13.98 trillion.
The projected increase in expenditure equates to N2.47 trillion additional spending, which Buhari said was partly due to the N100 billion extra provision to the Independent National Electoral Commission (INEC) to cater for 2023 General Elections.
President Buhari made the demand in a submission of the Revised 2022-2024 Medium Term Fiscal Framework (MTFF), accompanied by a letter read by Speaker of the House of Representatives, Femi Gbajabiamila at plenary on Tuesday.