President Muhammadu Buhari presented N16.39 trillion as the 2022 budget proposal today, Thursday, October 7. The presentation was made before a joint session of the National Assembly. The budget proposal was titled “Budget of Economic Growth and Sustainability”. According to the budget, GDP growth potentially will be 4.2 percent, while inflation will be 13 percent. For the 2022 appropriation, the benchmark oil price is $57 per barrel, while the exchange rate is N410.5 per dollar.