Connect with us

Business

Appraising The Gains Of SURE-P

Published

on

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

Continue Reading

Business

Nigeria’s Inflation Drops to 15.06%

Published

on

Three States Record Lowest rates Published 16 Mar 2026 By  Dave Ibemere 3 min read The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
 Nigerian economy, the stock market, and broader market trends. The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate slowed further in February 2026. According to the bureau in its latest CPI report, the headline inflation dropped slightly to 15.06% from 15.10% in January 2026. Nigeria’s inflation eases to 15%, offering relief to households. It was 11.21 percentage points lower than the 26.27% recorded in February 2025. From breaking news to viral moments.  On a month-on-month basis, inflation stood at 2.01% in February, up from -2.88% in January, showing that prices rose at a faster pace than the previous month. Nigerian stock market records weekly gain as turnover hits N164.8billion Urban vs Rural Inflation NBS noted that urban inflation stood at 15.53% year-on-year, down from 28.49% in February 2025, while rural inflation was 13.93%, compared with 22.73% in the same period last year. Every month, urban inflation rose to 2.55% in February from 2.72% in January, while rural inflation eased to 0.71% from -3.29%. Food Inflation Food inflation dropped to 12.12% year-on-year in February, down sharply from 26.98% in February 2025. Monthly, food prices rose by 4.69%, higher than the -6.02% recorded in January. The NBS attributed the moderation to slower price increases in staples such as beans, cassava tuber, yam flour, crayfish, millet flour, cowpeas, and okazi leaf. The twelve-month average for food inflation was 19.08%, compared with 37.40% in February 2025. States breakdown for All Items The states with the highest all-items inflation rates were: Kogi (23.57%) Benue (22.85%) Anambra (22.09%) The lowest rates were recorded in: READ ALSO Naira appreciates by N27 against US dollar as external reserves cross $50bn Katsina (7.78%) Imo (11.66%) Ebonyi (11.71%) On a month-on-month basis, the highest increases were in Enugu (5.92%), Ogun (4.39%), and Anambra (4.11%), while declines were seen in Zamfara (-2.14%), Bauchi (-1.23%), and Katsina (-1.06%). Food staples contribute less to inflation as prices moderate in February. Photo: Bloomberg Source: Getty Images State Breakdown for Food Inflation Food inflation was highest in: Kogi (26.91%) Adamawa (23.12%) Benue (21.89%) The lowest food inflation rates were seen in: Katsina (5.09%) Bauchi (7.09%) Imo (7.65%) Month-on-Month Food Inflation The states with the highest month-on-month increases in food inflation were: Bayelsa (8.81%) Ebonyi (8.51%) Edo (7.72%) The states that recorded declines were: Katsina (-0.70%) Nasarawa (0.17%) Kano (1.39%) Food price changes across markets in Nigeria Earlier, The  Tide source reported that due to Ramadan, staple food prices across the country are recording sharp increases as Muslims begin the Ramadan fasting season Ramadan is not only a period of abstinence from food and drink, but also a time for ‘reflection, discipline and heightened devotion’ Several traders in Abuja, Taraba, and Kaduna states are taking advantage and have hiked price. The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
Continue Reading

Business

NDCCTMA, NDDC MDS Challenge Niger Delta Indigenes On Investment In The Region 

Published

on

The Nigeria Delta Chamber of Commerce, Trade, Mines and Agriculture  (NDCCTMA), and the Niger Delta Development Commission ( NDDC ) have challenged Niger Delta entrepreneurs to close the gap in Gross Domestic Products (GDP) differences between the region and that of the South Western part of the country by coming home to invest.
The bodies made the call at a Business Round Table organized by NDDCTMA, in Port Harcourt.
Chairman of NDDCTMA, Ambassador Idaere Gogo Ogan, said to close the gap between the south west region which he said has a GDP seize of about #59 trillion and that of the Niger Delta which is about #34 trillion was to massively invest in the region.
He said no other persons can  do this except sons and daughters from the region.
“For me I believe in statistics,I believe in data and everyday I looked at the data concerning development in Nigeria and from the GDP point of view, the South West has #59 trillion, that is the seize of the south west region economy, the second region following them is the Niger Delta region with GDP seize of #34 trillion,so there is a yearning gap of #25 trillion that separates the south west and the Niger Delta region, that is why we are here.”
Ogan said the region has the capacity to close the gap and even surpassed it but regretted that indigenes of the region have chosen to ignore it in terms of investment.
“We need to close that gap .If we close that gap and even surpassed it,all the negative problems of militancy and unemployment will automatically erase”, he stated.
Ogan noted that the event was organized to remind the people that past efforts of militancy and agitations have not led the region to any where saying “that is why we are gathered here in this room”.
Also speaking, the Managing Director/Chief Executive Officer, NDDC, Dr Samuel Ogbuku urged indigenes of the region not to use the problem of insecurity as an excuse to continue to deny the region of investment  as every part of the country have in one time or the other experienced crisis.
Ogbuku said most indigenes have displayed high level of unpatriotism towards the region by taking investments that would have benefited the people to either Lagos or Abuja.
“With little threat we have left the city, we have gone to Lagos,we have moved  our families to Abuja and Lagos. If you go round GRA all the property, you will see,”to let to let”most of them are now empty “he said.
The NDDC MD said despite the fact that people from the region are doing well in the oil and gas, banking and other sectors, its impact are not being felt at home because they are stationed outside the region.
By; John Bibor
Continue Reading

Business

Cash Handouts Unproductive For Sustainable Agricultural Development – Engineer Kii

Published

on

Rivers State by its natural disposition is gifted with strategic economic advantage, particularly in  agricultural potentials and fortunes. This informs successive governments’ interest in  developing the agricultural sector, such as the School to Land Program, the Shongai Project, among several others.
The objective is to engender and leverage the sector  beyond mere subsistence practices into a full thriving economy, with the engagement and involvement of the youthful and productive population.
The Farm to Future Agro Based Training for Rivers youths by the present administration is notably one of the most pragmatic efforts of the Rivers State Government to engage the prospective creative capital of both the natural and human resources in the agricultural sector for sustainable development.
The concept, premised on the imperative of maximizing the huge agrarian prowess of the state, targets creation of sustainable livelihood for the teeming youth of the state. The project is also intended to achieve the chore needs of food sufficiency and job creation in the state.
This implies a significant deviation from the acculturised norm of expectations of financial benefits as the outcome of government programs and policies.
The tenets of the program are expressly difined in concept and practice as shown in the phases of its execution.
However, some beneficiaries of the project recently staged a protest, allegdging unpaid largesse, diversion of funds and perceived slighting by the Rivers State Ministry of agriculture. The said protest has stirred up concerns among stakeholders about how people view  government policies.
Many see the protest  as an attempt to create tension around the program and sabotage its original objectives.
Stakeholders and commentators are of the view that the Rivers State is in dire need of development in every critical sector, as such the  Ministry of Agriculture and its partners should be given the benefit of the doubt to implement the project to its logical conclusion without being hauled with accusations.
The former Commissioner for Agriculture, Engineer Victor Kii who was at the fore of driving the program has in a press statement debunked the allegations and sued for calm, restraint and understanding. Engineer Kii assured the participants that the empowerment phase will be implemented as soon as administrative normalcy is restored.
He commended the participants for their commitment and discipline during the training and urged them to uphold the norms of the program rather than misrepresenting its intentions.
Some pundits who commented on the recent development decried the fact that many people  still hold on to the notion that  incentives billed to create sustainable impact through skills based programs, should be given out as  largess, without adroit supervision of its utility function. This practice  has however created a culture of economic doldrum, dependency and servitude in the past.
Thus the idea of seen the Rivers Farm to Future project  as a mere quixotic experiment for cash benefits  without achieving set goals is counter productive. Such opportunistic thinking have stunted government efforts  over the years in achieving long term objectives of development.
As disclosed by the former commissioner for Agriculture in his detailed explanation, the Farm to Future project was strategically designed to address this culpable deficit in institutional planning and consolidation of results.
The former commissioner gave an  explicit description of the nexus of operation of the program.
As revealed by him;  ” The program is a strategic intervention to equip young people in Rivers with practical skills and to nurture a new generation of agricultural entrepreneurs. 500 beneficiaries received intensive agri business training in the first phase.”
 He pointed out that the program was conceived and designed in line with global best practices which de emphasizes indiscriminate cash handouts for beneficiaries. Rather it promotes practical engagements in agricultural activities and business initiatives.
At the end of the training in February, beneficiaries were encouraged either individually or in cooperative clusters to identify value chain for establishment of viable businesses.
They were also asked to produce structured business proposals for perusal and review by the ministry of agriculture and appointed consultants, after which successful proposals would be forwarded to the Bank of Agriculture with Rivers State Government providing guarantees.
The strategies for implementation include field inspections and evaluation for beneficiaries who had already commenced practical activities in identified locations.
The approach was to discourage the commonplace ideology of diverting funds meant for specific projects for unrelated purposes, thereby undermining the conscious exploration of creative potentials into long term benefits.
The process was however temporary interrupted by the dissolution of the Rivers State Executive Council and the ongoing renovation of the Rivers State Secretariat complex but the profound optimism and positive expectations that are the hallmark of the project remains sacrosanct.
Engineer Kii assures.
By: Beemene Taneh
Continue Reading

Trending