In the 2022 Appropriations Bill, the Senate says it will consider increasing the amount of money allocated to security agencies. Ahmad Lawan, President of the Senate, said this in his welcome speech after the annual legislative recess at the resumption of plenary on Tuesday.
However, despite N800 billion in funding approved by the National Assembly for security and intelligence agencies, Ahmad Lawan, President of the Senate, said that the security sector would still require additional funding and resources.
To him, the fight against insecurity must be sustained by ensuring adequate funding for security agencies in the 2022 budget, which will be presented to the National Assembly later this month.
Affirming recent victories in the fight against insurgency and banditry, Lawan urged the Armed Forces to continue their campaigns until insurgents and bandits are eradicated from the country.
As a result of this, the Senate President revealed that the Senate Joint Committee on Finance, National Planning, and Economic Matters was formed.
A report on the 2022/2024 Medium Term Expenditure Framework (MTEF) will be released shortly by Petroleum Downstream, Petroleum Upstream, and the Banking Committee.
FSP – The President will present the 2022 Appropriations Bill, which will include a Fiscal Strategy Paper (FSP).
Senate President announced in July 2021 that a conference committee would be set up to harmonize the two versions of the Electoral Act Amendment Bill so that it could be transmitted to the President for assent.
Nigerians hope the National Assembly will take steps and pass legislation that will address Nigeria’s security challenges and revitalize its economy.