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2022 Budget: FG Allocates ₦100 Billion For 2023 Elections; Seeks Loans To Fund Deficit

2022 Budget

In readiness for the 2023 general elections in the country, the Federal Government has earmarked the sum of N100 billion in the 2022 budget to cater for the nationwide exercise. This was revealed as President Muhammadu Buhari prepares to present the 2022 Appropriation Bill before a joint session of the National Assembly tomorrow, Thursday, October 7, 2021.

In some reports from the House of Representatives where the revised 2022-2024 Medium Term Expenditure Framework (MTEF) was submitted for approval, the budget for the 2022 fiscal year was reviewed upwards from N13.98 trillion to N16.45 trillion – indicating an additional N2.47 trillion.

The Green Chamber, it should be recalled, had already approved the initial MTEF which had an expenditure sum of N13.98 trillion for the 2022 fiscal year. However, following a letter from Mr President to the Speaker of the House, Femi Gbajabiamila, a fresh approval was needed.

In the letter dated Saturday, October 2, 2021, the president explained the reason for seeking a fresh approval as there had been an upward review of the MTEF to reflect the new fiscal terms in the Petroleum Industry Act (PIA) 2021, as well as other critical expenditures in the 2022 Budget.

2022 Budget

To put it in perspective, the MTEF is an annual, rolling three-year-expenditure planning that sets out the medium-term expenditure priorities and hard budget constraints against which sector plans can be developed and refined. It also contains outcome criteria for the purpose of performance monitoring.

Also, the federal government, through the Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, has revealed that the budget deficit in the proposed 2022 Appropriation Bill will be financed through loans. She indicated this at the end of the weekly virtual Federal Executive Council (FEC) meeting earlier today while interacting with newsmen.

Mrs. Ahmed said while the FEC had approved the proposed 2022 Budget of N16.39 trillion, part of the budget will be funded through local and eternal loans as most of the administration’s legacy projects captured in the budget can not be achieved with just proceeds from exports and Internally Generated Revenues (IGRs).

She said:

“If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered or swallowed up by the revenue.

“So, we need to borrow to be able to build these projects that will ensure that we’re able to develop on a sustainable basis. Nigeria’s borrowing has been of great concern and has elicited a lot of discussions, but if you look at the total size of the borrowing, it is still within healthy and sustainable limits. As of July 2021, the total borrowing is 23% of GDP.”

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Senator Natasha confirms Sallah visit to Kogi constituents

Senator Natasha Akpoti-Uduaghan has reaffirmed her commitment to visiting her Kogi Central constituency for the Sallah celebration, dismissing rumors that she had canceled the trip. Her media team released a statement early Tuesday, April 1, confirming that the visit would proceed despite the Kogi State Government’s recent ban on rallies and public gatherings due to security concerns.

“We are pleased to confirm that Senator Natasha Akpoti-Uduaghan’s Sallah visit to Kogi Central Senatorial District will proceed as planned. Despite rumors circulating online, there has been no official announcement from our office regarding the cancellation of this visit,” the statement read.

Akpoti-Uduaghan, who represents Kogi Central in the Senate, encouraged her supporters to join her in celebrating Eid-el-Fitr, emphasising her commitment to engaging with her community.

“As the senator representing Kogi Central, Natasha Akpoti-Uduaghan remains committed to engaging with her community and fostering a spirit of unity and cooperation,” the statement continued.

“Her dedication to the people of Kogi Central is unwavering, and she looks forward to celebrating Eid-el-Fitr with her constituents.”
Her insistence on proceeding with the visit comes just hours after the Kogi State Government announced a ban on public gatherings, citing intelligence reports warning of potential security threats.

In a statement on Monday, March 31, the state Commissioner for Information, Kingsley Fanwo, justified the ban, stating that intelligence reports suggested that some individuals were planning to “stage some violent rallies in the guise of political and religious agitations” in Kogi Central

The state government also prohibited fishing and other activities after two people were reportedly killed in Kasemiya, Katubo, and Umozu Ette in Kogi West.

Despite these restrictions, Akpoti-Uduaghan assured her constituents that all necessary arrangements had been made for a peaceful and successful celebration and invited the community to join her for the festive occasion.

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Entertainment

Bobrisky allegedly arrested by immigration officials upon return to Nigeria

Controversial Nigerian socialite Bobrisky has announced that he was arrested by immigration officials shortly after returning to Nigeria, just five months after leaving the country for his “sanity and health.”
Bobrisky took to Instagram on April 1, 2025, stressing that he was arrested without being told the reason.

Guys I have just been arrested by immigrant in Nigeria, I don’t know what I did o.

The crossdresser has disclosed that this was an April Fools’ prank, and he was not arrested.

Bobrisky’s prank comes months after he publicly disclosed that he had left Nigeria to focus on his well-being. In a previous interview, he shared that constant online backlash and personal struggles had taken a toll on his mental and physical health, prompting him to relocate.

“Yes, I’m here to confirm I’m out of Nigeria temporarily… I need to attend to my sanity and my health. Few Nigeria security agencies try everything to frustrate me but naaa i gat God. Imagine !!! buying business class ticket 3 times. only 1 was successful. @kIm I hope you guys refund me the two i didn’t use. I know is not ur fault but it’s fine,” he wrote in November 2024.

The crossdresser remains outside the country at this time.

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Entertainment

Omah Lay announces release date for his second album ‘Clarity of Mind’

Award-winning Afrobeats superstar Omah Lay is finally set to release his keenly awaited sophomore album titled ‘Clarity of Mind’.

The revelation was made via the Instagram handle of label Keyqaad who announced May 16, 2025, as the release date for the album which will be a follow-up to his acclaimed debut ‘Boy Alone’.

Ahead of his next album release, the singer has released the single ‘Holy Ghost’ which was among the most streamed songs on Apple Music Nigeria in 2024.

He also dropped the single ‘Moving’ in 2024 after making guest appearances on songs with rising star and fellow label mate Kaestyle and celebrated musician and DJ Spinall.

Omah Lay’s upcoming album comes after he claimed he had to scrap an album because the sound was ripped off by an artist he loved and trusted.

In the interview on the Zang Sang Show, Omah Lay revealed that he was creating a new sound which he shared with a certain artist who then proceeded to put out an album with the new sound.

Omah Lay added that he decided to re-record a new album which he boasts will be the greatest in the history of Afrobeats.

Since impacting the mainstream with his EP ‘Get Layd’ in 2020, the singer has become one of the most acclaimed Nigerian musicians.

After winning the Headies Next Rated in 2021, Omah Lay has lived up to expectations with a steady release of hit singles that shows both his flowery writing, soulful music, and impressive genre fusion.

With his upcoming album, the singer will be aiming to consolidate his place as one of the standout artists of the new generation of Afrobeats superstars.

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