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

FG Flaggs Of Renewed Hope Employment  Initiative 

Published

on

As part of its programme to empower Young Nigerians with the necessary employability skills, the Federal Government, through the National Directorate of Employment (NDE), has flagged off the second phase of the “Renewed Hope Employment Initiative” (RHEI).
Performing the ceremony in Port Harcourt, the Director General of NDE, Silas Ali Agara, said the second phase of the programme will absorbed over 41,307 youths across the country.
Agara said the first phase of the programme, which was flagged off December 2024, successfully trained 32,692 unskilled and unemployed Nigerians in demand-driven skills across the 36 states and the Federal Capital Territory (FCT).
According to the DG, who was represented by the Rivers State Coordinator of the Programme, Matthew Amala, “The strategic goals were increasing trainee employability, supporting small scale enterprises, promoting agricultural productivity, improving rural infrastructure and providing transient jobs.”
He said, over 5000 beneficiaries were resettled with loans and starter packs, while linkages to credit institutions for those that could not be accommodated under the Directorate’s soft loan scheme was ongoing.
“As we reflect on the achievements of the first phase of the Renewed Hope Employment Initiative, I’m excited that the second phase is being flagged off today.
“In the second phase, NDE will train 41,307 persons in over 30 skills set, ranging from vocational, entrepreneurial, agricultural, ICT, and activities in the public works sector.
“We have improved and digitalized our processes through a robust registration portal fully equipped with scalable backends and geofenced capabilities.
“This has made our processes more transparent, fair, equitable, as well as providing us with a credible database”, he said.
The DG said at the end of the training, a total of 14,457 will be resettled with starter packs to help them establish themselves in their chosen fields.
“It’s our sincere expectation that the participants would be equipped positively with skills to enhance their employability, foster entrepreneurship mindsets in them and improving livelihoods to contribute to their community and the economic growth of the Nation”, he added.
He said despite the challenges of limited budgetary resources, the NDE remains committed to equipping unemployed Nigerians with demand driven skills in order to empower these individuals to become employers of labour and future wealth creators.
John Bibor & Edidiong Johnson
Continue Reading

Business

Kachikwu Makes Case For Increased NCI Fund To US$1bn … Timeline For Developing Oil Blocks

Published

on

Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has canvassed that the $450m Nigerian Content Intervention Fund (NCI Fund) be increased to US$1bn.
He said the increase will be deployed to cater for the funding of mega oil and gas projects, setting up of pipe mills and manufacturing of other critical equipment needed in the oil and gas sector.
Kachikwu also recommended that oil and gas producing companies should provide timelines for developing oil and gas blocks, saying same condition should also be for firms that win industry contracts based on commitments of investments.
He made these recommendations on Monday at the Business Mentorship Lecture Series organised virtually by the Nigerian Content Development and Monitoring Board (NCDMB).
The Tide gathered that the webinar drew nearly 500 participants via Zoom and the Board’s YouTube page.
The former minister, who served as the Chairman of NCDMB’s Governing Council from September 2016 to May 2019, stated that a larger NCI Fund will provide seed capital for developing blocks, accessing technology, skill sets and equipment.
According to him, the  fund should include contributions from operators, and other investors in the sector and not just government resources, expressing dismay that many awardees of oil blocks in Nigeria treat them like certificates of occupancy for land which has caused huge losses to the nation.
“I like to advise the Government to cancel oil blocks that are not developed after a prolonged period. We need to find a way to force performance in the industry. Some companies get contracts to import pipelines with proviso to invest locally. We need to begin to produce those equipment.
“You’ve to show the joint venture that you are setting up to produce pipes, where is the foreign partner with the funds and technology?  You need to give a timeline”, he said.
Speaking on the global investments space and how Nigeria can attract funding to the energy sector, the former minister argued that there was a lot of money waiting to be tapped, saying that however it is only going to countries where there is a perception of regularity.
“Nigeria’s image needs to improve, while the Government also needs to create the right investment climate to attract investment. There’s enough investment money out there if you have a holding of hands.
“They need to portray Nigeria as the place you can put money and get good returns. Government should consider co-investing with private companies if there are good prospect of returns”, he added.
The erstwhile Petroleum Minister lauded the transformation in the oil and gas sector with indigenous firms like Seplat, Aiteo, Oando Energy Resources, and Heirs Oil and Gas and others acquiring assets from divesting international oil companies (IOCs).
“Mere ownership transfers are insufficient without enhanced output, management, revenue returns and compliance with extant laws.
“My greatest fear is that without principled accounting, supervision, and effective oversight, indigenous companies may profit while the federal government loses revenue. There’s the need to involve local communities to avoid past disconnects that fueled conflicts”, Kachikwu said.
He also commended the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, for upholding the agency’s mission and recording significant strides since assumption of office.
Reflecting on the NCDMB  Scribe’s pivotal role in shaping the Board, Kachikwu emphasized that advancing local content was a core pillar of his tenure as Minister and chairman of the NCDMB Board, noting that local content is not just a slogan, but rather a tool for industrialisation, job creation, and knowledge transfer.
“There should be consistency of policies. For too long, foreign companies dominated every segment of the sector, while our people remained bystanders.
“My message to young professionals is clear: the oil industry may be facing disruption, but it is also full of opportunities. Careers in petroleum now demand more than technical skills. They require adaptability, creativity, and a deep sense of responsibility to both people and the environment.
“The industry is not just about barrels and dollars. it’s about national survival, community welfare, and the environment. Achieving your career goals is a marathon, not a sprint. Patience and endurance are essential. Self-Belief is Crucial.
“Confidence in yourself and your abilities will fuel your progress and help you overcome challenges. Principles matter: Let your ethics and integrity be a guiding light. Build relevant skill sets. Equip yourself with the skills that make you competitive and adaptable in the job market”, the former Minister urged.
Earlier in his welcome address, the Executive Secretary of the NCDMB’s Director of Capacity Building, represented by the Director of Capacity Building, Engr. Abayomi Bamidele, underscored the Business Mentorship Lecture Series’ role in fostering trends and mind-sets for excellence.
Hee said the lecture series was organised in furtherance of the Board’s mandate in sections 67 and 70n of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, to hold workshops and seminars to promote and advance Nigerian Content.
In his closing remarks, General Manager, Corporate Communications, NCDMB, Dr. Obinna Ezeobi, praised Kachikwu for sharing deep insights which benefitted stakeholders across the public and private sector of the energy sector.
He also thanked the guest lecture for his contributions to the NCDMB, recalling his sign-off on the Waltersmith Refinery investment, which became a successful project and the launch of the US$200m NCI Fund, which has grown into US$450m, now managed by the Bank of Industry and Nexim Bank.
“NCDMB has fully embraced its roles of enabling businesses, in addition to the traditional mandate of regulating and promoting local content. The Board is committed to supporting Nigerians and local oil and gas firms to grow sustainably in the sector, hence it organises the Business Mentorship Lecture Series.
“We want to assure you that this Mentorship series will continue as a key platform for engaging and educating stakeholders of the industry. I also want to urge interested listeners to visit NCDMB’s YouTube channel to watch the recording of the webinar”, he said.
Ariwera Ibibo-Howells, Yenagoa
Continue Reading

Business

FG Embarks On Sanitizing Mining Industry 

Published

on

The Federal Government has embarked on sanitizing the mining industry, as concrete steps are being taken through the Mining Cadastre’s office to put things in order.
Already, some of the mining licences have been revoked, and more mining licences will be revoked, as part of ongoing efforts to sanitise the solid minerals sector, as well as to protect investors from fraudsters.
Director-General (DG) of the Mining Cadastre Office, Obadiah Nkom, who disclosed this on a live conversation on X (formerly Twitter), said the move was aimed at driving transparency and order in Nigeria’s solid minerals sector.
According to the DG of the Federal Government agency, the clean-up exercise, which covers expired, speculative, and inactive titles, is necessary to make room for genuine investors and ensure compliance with the law.
Nkom disclosed that the agency had identified about 4,709 licences, including 1,400 expired titles, 2,338 refused applications, and 971 notifications of grant where applicants failed to pay, which led  to an outright revocation by the Minister of Solid Minerals Development, Dele Alake.
The DG stressed that the revocation was not punitive but part of a deliberate sanitisation process to weed out speculators who hoard licences without adding value to the economy.
Nkom explained that the exercise had already boosted investor confidence in the sector.
“When you talk about backlog, for now, the ministry has had reasons to clear or revoke close to 4,709 mineral licenses. There were implementations in terms of revoked expiring titles of up to 1,400 licenses.
“We have had reasons to refuse  2,338 applications in the system. We have had a mineral title notification of 971. Can you imagine 971 notifications of grants that were notified, but did not come to pay.
“There are even instances where some people have collected the grants, but they refuse to pay. So what do we do? So this cleaning exercise that we are doing is to be able to now create that space in the minefield for people.
“So, imagine having over 4,709 erased from our system by way of revocations implemented. It has sanitised our sector, and investors now know that if they are not going to be involved in exploration and value addition, there will be consequences.
“We are cautious. We follow the law. And this is why I repeat, we have had 100 per cent success in litigations because we are an agency compliant with the provisions of the Act.
“Where we are wrong, we do not shy away from trapping ourselves and doing the right thing. I would hope that at the end of the day, we will not have any risk by following the provisions of the Act”, he said.
Recall that the minister in 2024 revoked 924 licenses over failure to pay statutory charges and fees due for the Federal Government through the Mining Cadastral Office.
He warned licensees yet to resume work on their mining projects to do so immediately.
Corlins Walter
Continue Reading

Trending