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Appraising The Gains Of SURE-P

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To some observers, the
introduction of the Subsidy Re-investment and Empowerment Programme (SURE-P) is yielding the desired results, as evident in its success story in efforts to provide critical infrastructure across the country.
Such observers claim that the programme is also striving to address some of the nation’s critical deficit in social safety nets and human development challenges within the last two years.
SURE-P was introduced in 2012 following the adjustment in the pump price of petrol from N65 to N97 because of the partial removal of the subsidy on petrol by the current administration.
Under the arrangement, N32 is being deducted from the proceeds from every litre of petrol dispensed, with the Federal Government taking 41 per cent, while 51 per cent is set aside for states and local governments and 5 per cent devoted to ecological matters.
In simple arithmetic, the Federal Government is, therefore, getting over N180 billion as its share of the subsidy funds on an annual basis.
Less than two years down the line, the Chairman of SURE-P, Gen. Martins Luther Agwai, said that the programme had spent more than N280 billion on various intervention projects since its inception in 2012.
He said that SURE-P had also rolled over about N88 billion for more projects.
“In 2013, we had over N88 billion which we rolled over into 2014.
“Our policy this year is that we would have zero budget rollover. We have already set up the machinery; we are working hard and we have restructured our operations into sub-committees.
“We have worked on the lessons we learnt in the past two years and we are primed to deliver. I want to assure Nigerians that this year, they will see remarkable changes and we will deliver our services with integrity and credibility.
“Sure-P has achieved a lot in this country. You just have to go out there and see the facts, including nearby projects such as the Abuja-Lokoja road.
“You will appreciate our input better if you know the state of the Abuja-Lokoja road before we came onboard in 2012; we hope that by the end of this year, we will know how much work has been done.
“If you go to the area of maternal health, we have also been able to upgrade 500 health centres and we are currently working on another set of 700 health centres.
“We have sunk over 620 boreholes across the country to expand the people’s access to potable water and we are also providing medications and `Mama Kits’ for expectant mothers.
“In a nutshell, we have been able to reduce maternal deaths by almost 60 per cent.
“Now, we have over half a million women giving birth under the care of trained midwives, which was not the case in the past.
“We have also asked Nigerians if there are areas where SURE-P is facing challenges or areas requiring our intervention.
“We are very open to advices since our objective is to serve Nigeria,’’ Agwai said while briefing President Goodluck Jonathan on SURE-P’s achievements recently.
He said that SURE-P was also investing over N6.3 billion on polio eradication, while spending over N450 million on the construction of a stroke centre in Abuja this year.
Similarly, Agwai said that SURE-P would spend over N13 billion on infrastructural projects in the satellite towns of the Federal Capital Territory (FCT) this year alone, in addition to over N10 billion being invested on the construction of the second Niger Bridge.
Agwai, who disclosed this at a recent Forum in Abuja, explained that the programme would execute road, electricity and water supply projects in the satellite towns.
He said that SURE-P’s intervention was geared toward improving the living conditions of the residents of the satellite towns.
“Abuja is a city that most people will like to visit and reside in but most of its satellite towns are not in a good shape.
“Our plan is to make the satellite towns to meet international standard so that the disparity between the satellite towns and the city of Abuja will not be too wide,” he said.
Besides, Agwai said that this year, SURE-P would also provide N10 billion to support the ongoing Abuja light rail project.
He said that when completed, the intra-city rail transportation project would help to reduce the transportation challenges facing FCT residents.
He said that SURE-P’s intervention in the rail project was based on the fact rail transportation constituted the priority focus of the Federal Government, adding that work had also begun on the construction of the standard gauge rail track from Abuja to Kaduna.
“We hope that by the end of this year, the rail line will be completed and we will have trains running from Kaduna to Abuja in less than two hours.
“Then, people can live in Kaduna and work in Abuja. After all, how long does it take people to come from Mararaba (Nasarawa State) to come and work in Abuja,’’ he said.
Agwai said that part of the duties of SURE-P involved the provision of critical infrastructure across the country.
“It did not stop there; government also wants SURE-P to be an instrument for development, which will have some capacity on the ground after the expiration of the administration’s tenure.
“In line with this, SURE-P works with the Project Implementation Units (PIUs) in various ministries, departments and agencies (MDAs). These PIUs are the link between us, the project and the MDAs,” he said.
To add value to SURE-P’s huge investments in roads’ construction, Agwai said that the programme was also financing the construction of the Loko-Oweto Bridge in Kogi State.
He said that the SURE-P committee was satisfied with the work so far done by the contractor.
“We have been providing billions of naira for this project and I decided to visit the site and personally see what some of the SURE-P committee members have been monitoring.
“I must say that I am satisfied with what I have seen so far; the contractor has done well and I think he has justified the funds we have so far released for the project,’’ he added.
He said that the bridge project could be completed by mid-2015 if the contraction company sustained its current pace of work on the project.
Echoing similar sentiments, Mr Anietie Effiong, the Director of Bridges in the Federal Ministry of Works, said that the project had reached 57-per-cent completion.
He said that to date, SURE-P had released N17 billion, out of the N36 billion total contract sum, to the contractor.
However, Agwai said that SURE-P would soon commence the payment of six months’ arrears of the stipends, which it owed 2,000 youths in its employ.
He conceded that the programme’s initial plan was to engage 5,000 youths, adding that it, however, ended up engaging 2,000 youths because of the challenges it encountered with regard to the 2013 budget.
Agwai said that the arrears of the youths’ stipends got accumulated because of some challenges emanating from the passage of the budget by the National Assembly.
“There was a misunderstanding of prioritising issues at the National Assembly because the money voted to take care of this category was not approved.
“Instead of a budget of over N20 billion, we ended up with our budget being merged with that of FERMA.
“In doing that, the National Assembly merged the two appropriations and gave us only N9 billion and because of that development; the N9 billion which was appropriated could not even pay the 2,000 youths who were already engaged under the Federal Government’s public works scheme.
“Government then felt that instead of progressing to the targeted 5,000 youths, we should stop and manage the 2,000 youths who were already engaged until the situation is resolved.
“There is no way we could vire money because one could be tempted to ask why we returned N88 billion in 2013 when we could not pay the youths’ stipends,’’ he added.
Besides, Agwai said that no fewer than 3,000 graduates across the country had been engaged by SURE-P under its Graduate Internship Scheme.
He said that the graduates were recruited from more than 150,000 graduates who applied for placements under the scheme from 2013 to date.
He said that the graduates were undergoing internship in different public and private organisations where they were posted to acquire on-the-job experience.
According to him, the scheme is to help Nigerian graduates to acquire skills that would make them more suitable for full employment in any sector of the economy.
Agwai said that each intern received a stipend of N30,000 per month, adding that the allowance was meant to encourage the graduates to be committed to the training.
He said that some state governments had indicated interest in the scheme, adding that Borno, Plateau, Adamawa, Gombe, Kaduna,  Kogi  and  Enugu states were already collaborating with SURE-P in the programme.
Moreover, Agwai said that SURE-P had inaugurated a specific scheme on technical and vocational training, adding that 5,075 persons were undergoing training under the scheme across the country.
Agwai said that eight government institutions, which were renovated by SURE-P in some parts of the country, were currently being used for the scheme.
In the area of public transportation, the SURE-P had also distributed about 874 buses to about 22 transport companies in Abuja under a revolving loan arrangement, its chairman said.
It is, perhaps, against this backdrop that some Nigerians commended SURE-P, while lauding the rationale behind its establishment by the Jonathan- administration.
For instance, Mr Ima Niboro, the Managing Director of NAN, said that SURE-P had succeeded in bridging the human development deficit in the country.
Niboro, who made this observation when he received Agwai in his office recently, however, noted that many Nigerians had yet to appreciate the programme’s objectives due to inadequate public enlightenment on its activities nationwide.
“It is a massive project and only people who do not understand the economics of the subsidy quarrel about it.
“We know how the president holds SURE-P very close to his chest; we know how determined he is to ensure that the programme succeeds.
“SURE-P is not all about showing pictures; it is about how the project will impact on the citizens,” he said.
Niboro pledged NAN’s readiness to assist SURE-P in efforts to enlighten the public about its specific projects and how individuals could participate in them.
“We must let Nigerians know about the programme and its projects; we must tell them what this administration is also doing.
“The current administration is the best because the projects are there for everyone to see; Nigeria has been reformed and transformed in so many areas,’’ he stressed.
Niboro commended the management of SURE-P for choosing NAN as a starting point in its efforts to enlighten the citizenry, saying that the programme had been trying its best to tackle its challenges.
All in all, observers insist that SURE-P, in spite of its success story, should intensify efforts to educate Nigerians on the relevance of the programme in nation-building efforts, even beyond its terminal date in 2015.

Adamu writes for the News Agency of Nigeria (NAN)
Sani Adamu

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SMEs Dev: Firms Launch N100m Loan Scheme 

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The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), the umbrella body of non-bank microfinance institutions and cooperative societies in Nigeria, in partnership with NEAT Microcredit, has unveiled a N100 million joint loan facility aimed at supporting small and medium-scale enterprises (SMEs) across the country.

The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.

The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA),  said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.

Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.

“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.

He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.

According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.

“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.

Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.

He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.

“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.

He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.

“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.

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Yenagoa’s Radisson Hotel Ready  December   — NCDMB, Other 

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned this December .
He said this while addressing visiting top executives of Edison Corporation  and Megastar Technical and construction company at the conclusion of a one-day project management tour and workshop at the headquarters of the Nigerian Content Tower (NCT), Yenagoa, weekend.
The Board in a statement from the Directorate of Corporate Communications said  all other stakeholder assured of the delivery of world-class services in the hotel upon it’s completion.
Ogbe described the hospitality facility as a top priority project of the Board whose progress he would be following up every day and week.
“This project is critical to the Board, critical to Yenagoa, Bayelsa State and Nigeria. With this hotel becoming functional at the end of the year, I believe there will be tourism in Bayelsa State, and that’s one of my dreams.
“When I took up this job as Executive Secretary in December 2024 I said I must make this hotel work”, the NCDMB boss said.
He commended the team from Edison Corporation and the project contractor, Megastar Technical and Construction Company, for the quality and pace of work, adding “much is required from the Management to meet up the schedule delivery
“Most of the critical aspects of the project have been resolved in terms of mark-up room, scope of work in terms of financing and contracting strategies”
The Board’s  Scribe said he was sure all hands would be on deck to ensure that work proceeds unhampered.
In his remarks, the Chief Executive Officer of Edison Corporation, Mr. Vivian Reddy, said the team from Edison Hotel Group was very excited to come into a contractual arrangement with NCDMB, assuring the project will put the city on the world map.
“What is so important with the group Radisson International is that, if anyone around the world looks for Radisson Yenagoa, they will see this place pop up, and it’s going to help to uplift the area in terms of visitors and tourism.
“Our role is to make sure we deliver a world-class quality hotel from start to finish. We will open the hotel, we’ll furnish it. We’re working with the main contractor to make sure the facility meets world-class standards”, he said.
Speaking on the sealing of the contractual deal with the NCDMB, he noted it took great efforts, saying “getting Radisson in the agreement was not easy, and it took several months and cumulative one and a half years of discussions and documentation”.
The Edison boss, who is reputed to be the first South African businessman to lead a high-level business delegation from that country to Nigeria during the tenure of President Thabo Mbeki in 1999, was full of commendation for the NCDMB boss, describing him as “a great and visionary leader”.
“The vision and dream of the Executive Secretary of the NCDMB are going to become a reality.  We’re going to help him and make it a reality and it’s going to be the best hotel in this region”, the   boss noted.
Mr Reddy also commended the project contractors and professional teams involved, stating that his team has every confidence in their technical competence.
By: Ariwera Ibibo-Howells, Yenagoa
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RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing    

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The Rivers State Internal Revenue Service (RIRS) has set tomorrow as the deadline for the filing of  all  Annual Individual Income Tax Returns  for all taxable residents of the state.
This was contained in a public notice  by the Service to the taxable residents of the state in compliance with statutory provisions.
The notice was signed by the Executive Chairman of the agency, Sir Israel O. Egbunefu, and made available to the public in Port Harcourt recently.
 Egbunefu stated that the directive was in line with the provisions of the Nigeria Tax Administration Act 2025, which mandates individuals to declare their income for the preceding year of assessment.
 According to the notice, the obligation covers all categories of income earners, including employees in both the public and private sectors, self-employed individuals, business owners, and professionals operating within the state.
The agency reiterated that the timely filing of tax returns remains critical to promoting transparency, accountability and efficient tax administration in Rivers State.
 It further noted that compliance with tax obligations plays a vital role in enabling the government to meet its developmental goals and provide essential public services.
 RIRS urged all eligible taxpayers to ensure that their 2025 tax returns are properly completed and submitted through its approved channels before the stipulated deadline .
The Service warned that failure to comply with the directive may attract penalties and other sanctions as prescribed by relevant tax laws.
 It also stated its commitment to enforcing compliance while maintaining a taxpayer-friendly approach in its operations.
 Taxpayers requiring assistance were advised to visit any RIRS office or access its official platforms for guidance on the filing process.
The agency assured residents of continuous support, including professional advisory services, to facilitate a seamless and stress-free compliance experience.
 The notice forms part of ongoing efforts by the Rivers State Government to strengthen revenue generation and enhance voluntary tax compliance across the state.
 Residents are therefore encouraged to take advantage of the available support systems and meet the deadline to avoid unnecessary penalties.
By:  King Onunwor
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