SATURDAY 1ST JANUARY 2021

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Budget 2022: President Laments Alterations By N’Assembly, Signs Reluctantly Ready to submit amendment bill early 2022, assents to 2021 finance bill Deji Elumoye in Abuja After expressing deep concern about changes effected on the 2022 budget by the National Assembly, President Muhammadu Buhari yesterday

reluctantly signed the N17.127 trillion 2022 Appropriation Bill into law. The presidency had submitted a N16.391 trillion proposal to the national assembly but the lawmakers

increased the budget size to N17.127 trillion. The President, who also assented to the 2021 Finance Bill at a brief ceremony at the Council Chambers of the State House, Abuja, further

hinted of the readiness of his administration to submit an amendment to the 2022 Appropriation law to the legislative arm early in 2022 to take care of the alterations by the National Assembly.

Buhari, while signing the two documents in the presence of Senate President, Ahmed Lawan; Speaker of the House of Representatives, Femi Gbajabiamila, and members of the Federal Executive

Council (FEC), expressed strong reservations about the ‘‘worrisome changes’’ to the budget. Buhari said the lawmakers Continued on page 5

Wema Bank Gets Shareholders' Consent for Capital Restructuring, N40bn Rights Issue… Page 14 Saturday 1 January, 2022 Vol 26. No 9762

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Lawan: Senate to Review Electoral Bill, 1999 Constitution January Says lawmakers will find way forward on direct primary clause Our Correspondents The President of the Senate,

Ahmad Lawan yesterday announced that the Senate would review the rejected

Electoral Act Amendment Bill and the 1999 Constitution immediately it resumes

plenary on January 18. The National Assembly transmitted the Bill to

President Muhammadu Buhari on November 19, last year, with recommendations

on electronic transmission of Continued on page 5

As 2022 Rolls in, Buhari Preaches Unity, Hope, Resilience, Forgiveness ‘We remain grateful to the Almighty God for yet another year attained as a country, united by a common destiny and resolute in our determination to overcome the several challenges along the path to building the great and prosperous Nation of our dream’

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Deji Elumoye in Abuja President Muhammadu Buhari has urged Nigerians to welcome the year 2022 with hope and envisions a year of continued progress against combined challenges arising from security and socio-economic issues. The President, in his New Year message to the nation, said the persistent insecurity in certain parts of the country might have threatened the incremental gains achieved in the real sectors of the economy and in the administration's

overall objective to position the nation on the irreversible trajectory of sustainable growth and progress. According to him, the path to nationhood is often fraught with unpredictable difficulties and challenges, and most tried and tested nations often prevailed through dogged determination, resilience, concerted commitment to unity, and the conviction that the whole of the nation, standing together against all odds, is by far greater and Continued on page 5

SIGNED AND SEALED… L-R: President of the Senate, Ahmad Lawan and President Muhammadu Buhari after the signing of the 2022 Appropriation Bill into law by the President in Abuja….yesterday GODWIN OMOIGUI

FG Extends NIN-SIM Verification to March 31... Page 14


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