The Senate, on Tuesday, received a request from the President, Muhammadu Buhari to approve adjustments to the 2022 fiscal framework.
The request was contained in a letter dated 5th April 2022. The letter was read during plenary by the Senate President, Ahmad Lawan.
Buhari, in the letter, explained that an adjustment to the 2022 fiscal framework became imperative in view of new developments in both the global and domestic economies.
According to him, the developments were occasioned by spikes in the market price of crude oil, which were a fallout of the Russian-Ukraine war.