{"id":640,"date":"2021-10-07T13:18:01","date_gmt":"2021-10-07T12:18:01","guid":{"rendered":"https:\/\/coastaltimes557122118.wordpress.com\/2021\/10\/07\/president-buhari-presents-2022-budget-of-n16-39-trillion-to-national-assembly\/"},"modified":"2021-10-07T13:18:01","modified_gmt":"2021-10-07T12:18:01","slug":"president-buhari-presents-2022-budget-of-n16-39-trillion-to-national-assembly","status":"publish","type":"post","link":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/10\/07\/president-buhari-presents-2022-budget-of-n16-39-trillion-to-national-assembly\/","title":{"rendered":"President Buhari Presents 2022 Budget Of N16.39 Trillion To National Assembly"},"content":{"rendered":"\n<p><strong>Coastal News<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"309\" data-attachment-id=\"638\" data-permalink=\"https:\/\/coastaltimes.com.ng\/index.php\/2021\/10\/07\/president-buhari-presents-2022-budget-of-n16-39-trillion-to-national-assembly\/screenshot_20211007-131241_wordpress\/\" data-orig-file=\"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?fit=1080%2C521&amp;ssl=1\" data-orig-size=\"1080,521\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Screenshot_20211007-131241_WordPress.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?fit=300%2C145&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?fit=640%2C309&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?resize=640%2C309&#038;ssl=1\" alt=\"\" class=\"wp-image-638\" srcset=\"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?w=1080&amp;ssl=1 1080w, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?resize=300%2C145&amp;ssl=1 300w, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?resize=1024%2C494&amp;ssl=1 1024w, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress.jpg?resize=768%2C370&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p>President Muhammadu Buhari is presenting the 2022 budget to a joint session of the National Assembly.<\/p>\n\n\n\n<p>The Federal Executive Council on Wednesday had approved a N16.39 trillion budget.<br \/>At least, N5.012 trillion is to be financed by borrowing, raising concerns over the nation\u2019s debt sustainability.<\/p>\n\n\n\n<p>The Minister of Finance, Zainab Ahmed, has said the government needs to borrow to finance \u201cdevelopmental projects in the form of roads, rails, bridges, power and water for sustainable development in this country.<\/p>\n\n\n\n<p>\u201cIf 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.\u201d<\/p>\n\n\n\n<p>The budget to be presented fixed the price of oil at $57 and production rate at 1.88 million barrels of oil per day. The exchange rate was fixed at N410.15.<br \/>Oil revenues and non-oil revenues were also set at N3.15 trillion and N2.13 trillion respectively.<\/p>\n\n\n\n<p><strong>Source: G9ija.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coastal News President Muhammadu Buhari is presenting the 2022 budget to a joint session of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[280,333],"class_list":["post-640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-national-assembly","tag-president-buhari"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/10\/screenshot_20211007-131241_wordpress-1.jpg?fit=1080%2C521&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":434,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/09\/14\/breaking-buhari-writes-senate-requests-fresh-loan-of-4b-e710m\/","url_meta":{"origin":640,"position":0},"title":"BREAKING: Buhari Writes Senate, Requests Fresh Loan Of $4B, \u20ac710M","author":"Coastal Times","date":"September 14, 2021","format":false,"excerpt":"Coastal News President Muhammadu Buhari, President of the Federal Republic of Nigeria President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow the sum of $4,054,476,863 and \u20ac710 million. The request was made known in a letter read by Senate President Ahmad Lawan at plenary on Tuesday.\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/coastaltimes.com.ng\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210914-151312_wordpress-1.jpg?fit=889%2C547&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210914-151312_wordpress-1.jpg?fit=889%2C547&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210914-151312_wordpress-1.jpg?fit=889%2C547&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210914-151312_wordpress-1.jpg?fit=889%2C547&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":232,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/09\/02\/breaking-president-buhari-vows-to-make-politicians-others-cough-out-6trillion-naira-misappropriation-nddc-funds\/","url_meta":{"origin":640,"position":1},"title":"BREAKING: President Buhari Vows To Make Politicians, Others Cough Out 6Trillion Naira Misappropriation NDDC Funds","author":"Coastal Times","date":"September 2, 2021","format":false,"excerpt":"Coastal News to roll over 6 trillion naira misappropriation in NDDC, Buhari vows President Muhammadu Buhari has vowed that unscrupulous Nigerians involved in the misappropriation of six trillion naira pumped into the Niger Delta Development Commission NDDC would be made to cough out the missing funds. Buhari who received the\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/coastaltimes.com.ng\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/president-muhammadu-buhari-1024x683-1-1.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/president-muhammadu-buhari-1024x683-1-1.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/president-muhammadu-buhari-1024x683-1-1.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/president-muhammadu-buhari-1024x683-1-1.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":573,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/09\/29\/senate-charges-president-buhari-to-declare-bandits-terrorists-calls-for-their-elimination\/","url_meta":{"origin":640,"position":2},"title":"Senate Charges President Buhari To Declare Bandits Terrorists, Calls For Their Elimination","author":"Coastal Times","date":"September 29, 2021","format":false,"excerpt":"Coastal News The Senate also asked Mr Buhari to immediately declare all known leaders of the bandits wanted, \"and track them wherever they are for arrest and prosecution\". The Senate\u00a0has asked President Muhammadu Buhari to, as a matter of urgency, declare bandits as terrorists and wage a total war against\u2026","rel":"","context":"In &quot;Crime&quot;","block_context":{"text":"Crime","link":"https:\/\/coastaltimes.com.ng\/crime\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210929-201901_wordpress-1.jpg?fit=1048%2C408&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210929-201901_wordpress-1.jpg?fit=1048%2C408&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210929-201901_wordpress-1.jpg?fit=1048%2C408&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/09\/screenshot_20210929-201901_wordpress-1.jpg?fit=1048%2C408&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":527,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/09\/21\/pia-president-buhari-writes-senate-seeks-amendment-of-petroleum-industry-act\/","url_meta":{"origin":640,"position":3},"title":"PIA: President Buhari Writes Senate, Seeks Amendment Of Petroleum Industry Act","author":"Coastal Times","date":"September 21, 2021","format":false,"excerpt":"Coastal News President Muhammadu Buhari, President of the Federal Republic of Nigeria. President Muhammadu Buhari has urged the Senate to amend the recently enacted Petroleum Industry Act (PIA). 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The statement explained that the appointee hails\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/coastaltimes.com.ng\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2022\/09\/milland-dixon-dikio-1.jpeg?fit=900%2C527&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2022\/09\/milland-dixon-dikio-1.jpeg?fit=900%2C527&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2022\/09\/milland-dixon-dikio-1.jpeg?fit=900%2C527&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2022\/09\/milland-dixon-dikio-1.jpeg?fit=900%2C527&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4401,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2025\/07\/13\/just-in-president-tinubu-announces-death-of-former-president-muhammadu-buhari\/","url_meta":{"origin":640,"position":5},"title":"JUST IN: President Tinubu Announces Death Of Former President Muhammadu Buhari","author":"Freeborn Abraye","date":"July 13, 2025","format":false,"excerpt":"By Freeborn Abraye STATE HOUSE PRESS RELEASE President Tinubu announces President Buhari's passing, orders VP Shettima to the UK to accompany body back home President Bola Ahmed Tinubu has announced the passing of his predecessor, President Muhammadu Buhari. President Buhari died today in London at about 4.30 pm, following a\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/coastaltimes.com.ng\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2025\/07\/img_0855-1.jpg?fit=604%2C507&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2025\/07\/img_0855-1.jpg?fit=604%2C507&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2025\/07\/img_0855-1.jpg?fit=604%2C507&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pfDfBE-ak","_links":{"self":[{"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/posts\/640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/comments?post=640"}],"version-history":[{"count":0,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/posts\/640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/media\/639"}],"wp:attachment":[{"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/media?parent=640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/categories?post=640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coastaltimes.com.ng\/index.php\/wp-json\/wp\/v2\/tags?post=640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}