(2022)
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 N17,319,704,091,019 (seventeen trillion, three hundred and nineteen billion, seven hundred and four million, ninety-one thousand and nineteen Naira) only. 2 The amount mentioned in subsection (1) of this section shall be appropriated to heads of expenditure as set out in the Schedule to this Act. 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) of this section.
Issue and appropriation of N17,319,704,09 1,019 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 of the Federation 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 fund shall be paid out of the monies 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 and 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.
Due process certification Act No. 14, 2007.
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
Power of Nigerian Embassies and Missions Act No. 14, 2007.
SECTION 11
The detailed estimates of expenditure are set out in the Second Schedule to this Act.
Detailed estimate.
SECTION 12
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 December, 2022 when assented to.
Effective date Cap. C23, LFN 2004.
SECTION 13
1 The Appropriation Act, 2022 is repealed. 2 Except otherwise provided by law or authorised by the National Assembly, any fund appropriated or released or any transaction or contract executed under the repealed Act shall be deemed to have been appropriated or released, or transacted or executed under this Act.
Repeal and savings provisions.
SECTION 14
This Act may be cited as the Appropriation (Repeal and Enactment) Act, 2022.
Citation.
