The budget is based on an oil benchmark of $62/barrel.
President Muhammadu Buhari has signed the N17.13 trillion 2022 appropriation bill into law.
The national assembly recently passed the bill and transmitted same to the president for assent.
The president has also signed the Finance Bill into law.
Lawmakers increased the budget spending by N735.8 billion from the proposed N16.391tn.
They also raised the oil benchmark from $57 per barrel as proposed by the executive, to $62/barrel.
The national assembly also fixed oil production at 1.88 million barrels per day, exchange rate at N410.15 to the dollar, GDP at 4.2 percent and inflation at 13 percent.
The Buhari presidency has been very keen on implementing a January-December budget cycle.
