Minister of Finance, Mrs. Kemi Adeosun is presently briefing the Senate, saying that Nigeria as a country cannot afford to rely on oil.
The Minister who is still speaking, started at 12. 05 said that President Muhammadu Buhari’s government inherited salaries and wages of N169 billion and now reduced to N159 billion.
According to her, a total of N247.7 billion has so been released as capital expenditure, with plans to release N70 billion very soon, adding that the government will continue to release as soon as the nation’s stimulus improves.
The minister told the Senate that all the releases are cash backed as a priority of government.
Senators are at the moment asking her questions.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Home
Latest News in Nigeria
Finance Minister appears before Senate, says country cannot afford to rely on oil
Finance Minister appears before Senate, says country cannot afford to rely on oil
Victor
-
Thursday, July 21, 2016
Subscribe to:
Post Comments
(
Atom
)
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com