SURE-P has spent N104b on roads, bridges in 2014, invites Nigerians to review its books

By Post Nigeria December 31, 2014 17:37

SURE-P has spent N104b on roads, bridges in 2014, invites Nigerians to review its books

The Subsidy Reinvestment and Empowerment Programme, SURE-P, has disclosed that it spent N104.4billion on roads and bridges constructions under the Ministry of Works.

The Chairman of SURE-P, Martin Luther Agwai, stated in Abuja that the programme would however have a smaller amount of N102 billion to spend in 2015.

He noted that the current economic situation caused by the sliding oil price has meant that the amount coming from the subsidy has drastically reduced.

He also called on Nigerians to come review the SURE-P books of the programme, stating that they are an open book.

According to him, “There is no secret on how much is SURE-P budget and how much it has spent. The budget of 2014 is N268.37 billion. It is an open book thing and there is no secret.

“If you want to know details, please come. If you want a breakdown, project by project and programme by programme, we will give to you. If you want us to tell you how much has been spent for example, in 2013 out of our budget, N88.67 billion was not accessed by the beneficiaries of that programme, the rail, roads and others.

“And people will ask why did you roll over N88 billion? It is because SURE-P has a standard. We are an organization based on integrity and credibility. There are rules to every game and if do not meet all the criteria that will warrant you to access SURE-P money you will not get it.

“The beauty about it is what is rolled over is still going to be part of SURE-P money. That is why our budget is N180 billion and when you add N88.67 billion it gives the N267 billion.”

He revealed that only 41 percent of the subsidy money which is about N15 billion monthly is utilized by the SURE-P, explaining that the remaining percentage goes to the 36 states and the Federal Capital Territory, FCT, and their local governments monthly.

He said Nigerians need to review the performance of other tiers of government as regards what they did with their own share of the money.