President Muhammadu Buhari on Thursday presented a total budget of N16.39 trillion for the year 2022 to the National Assembly.

Speaking at the assembly chambers, the President tagged the appropriation bill “a Budget of Economic Growth and Sustainability.”

He said the budget will focus on diversifying the economy, with robust MSME growth; investing in critical infrastructure; strengthening security and ensuring good governance; enabling a vibrant, educated and healthy populace; reducing poverty; and minimizing regional, economic and social disparities.

“Defence and internal security will continue to be our top priority,” the President said. “We remain firmly committed to the security of life, property and investment nationwide.

“We will continue to ensure that our gallant men and women in the armed forces, police and paramilitary units are properly equipped, remunerated and well-motivated.”