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APPROPRIATION ACT, 2022 (AS AMENDED)

SECTION 1

1 The Accountant-General of the Federation shall, when authorised to do so by Warrants signed by the Minister charged with responsibility for finance, pay out of the Consolidated Revenue Fund of the Federation during the year ending on the 31st day of December 2022, the sums specified by the Warrants, not exceeding in the aggregate N17,126,873,917,692 (seventeen trillion, one hundred and twenty-six billion, eight hundred and seventy-three million, nine hundred and seventeen thousand, six hundred and ninety-two Naira) only. 2 The amount mentioned in subsection (1) shall be appropriated to heads of expenditure as set out in the First Schedule to this Act. [First Schedule] 3 No part of the amount aforesaid shall be released from the Consolidated Revenue Fund of the Federation after the end of the year mentioned in subsection (1).

Issue and appropriation of N17,126,873,917,692 from the Consolidated Revenue Fund for 2022.

 

SECTION 2

All amounts appropriated under this Act shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to this Act.

Release of funds from the Consolidated Revenue Fund.

 

SECTION 3

In the event that the implementation of any of the projects intended to be undertaken under this Act cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly.

Virement.

 

SECTION 4

Any error in the Schedule to this Act that may hinder the implementation of projects and programs in Ministries, Departments and Agencies may be corrected through a corrigendum issued by the National Assembly, provided that the total sum for the project or program is not affected.

Corrigendum.

 

SECTION 5

1 The Accountant-General of the Federation shall immediately upon the coming into effect of this Act maintain a separate record for the documentation of revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget. 2 Such revenues as specified in subsection (1) refers to revenues accruing from sales of government crude oil in excess of the approved benchmark price per barrel, the petroleum profit tax and royalty on oil and gas.

Excess revenue.

 

SECTION 6

1 No funds shall be paid out of the money arising from the record specified in section 5(1) except by an Act or approval of the National Assembly. 2 The Accountant-General of the Federation shall forward to the National Assembly full details of funds released to the government agencies immediately such funds are released.

Authorisation.

 

SECTION 7

The Minister of Finance shall ensure that funds appropriated under this Act are released to the appropriate agencies or organs of government as and when due, provided that no funds for any quarter of the fiscal year shall be deferred without prior waiver from the National Assembly.

Information of funds releases.

 

SECTION 8

The department of government charged with the responsibility of certifying that due processes have been complied with in the processing of implementation of projects shall ensure that all processes of approval are completed within the specified period as provided for in the Public Procurement Act. [Act No. 14, 2007]

Due process certification.

 

SECTION 9

All accounting officers of ministries, parastatals and departments of government who control heads of expenditures shall upon the coming into effect of this Act furnish the National Assembly on quarterly basis with detailed information on- a the internally generated revenue of the agency in any form; and b all foreign and domestic assistance received from any agency, person or organisation in any form.

Information on internally generated revenue, domestic and foreign assistance.

 

SECTION 10

The Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligent Unit (NFIU) are authorised to charge and defray from all money standing in credit to the units as revenues, penalties or sanctions at 10% for technical setup and operational cost at the units in this financial year.

Power of EFCC and NFIU to utilise 10% of revenue generated from penalties and sanctions.

 

SECTION 11

Notwithstanding the provisions of any other law in force, Nigerian Embassies and Missions are authorised to expend funds allocated to them under the Capital Components without having to seek the approval of the Ministry of Foreign Affairs.

Power of Nigerian Embassies and Missions.

 

SECTION 12

The detailed estimates of expenditure are set out in the Second Schedule to this Act. [Second Schedule]

Detailed estimates.

 

SECTION 13

In line with the provisions of section 318 of the Constitution of the Federal Republic of Nigeria, this Act expires after 12 months, starting from 1st day of January to 31st day of March, 2023 when assented to.

Expiry. (amended by Section 2 of the Appropriation (Repeal and Enactment) (Amendment) Act, 2022)

 

SECTION 14

This Act may be cited as the Appropriation Act, 2022.

Citation.