Minister of Finance, Mrs. Kemi Adeosun on Thursday appeared before the Senate.
She said Nigeria as a country cannot afford to rely on oil.
The Minister said 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.