The Federal Government would expend N268.37
billion on infrastructure in the country in 2014 under the Subsidy Reinvestment
and Empowerment Programme (SURE-P), DigitalSENSE Business news
gathered.
SURE-P Chairman, Gen. Martin Luther Agwai
(rtd), who said this when he featured at the News Agency of Nigeria (NAN) Forum
in Abuja, stated that government has designed SURE-P as an instrument that will
build the capacity of Ministries, Departments and Agencies (MDAs) on project
implementation.
“The president promised the Nigerian people
that the money from the partial removal of subsidy would be set aside and
judiciously used to be managed by a group of credible Nigerians.
“In the budget of last year N88.37 billion
was not assessed by some of the programmes. And, we have criteria that we
measure for us to intervene in the tune that government has asked us to
intervene in a project or in a programme.
“And if you do not meet those criteria we
will not release the money. So, because of that we now have to roll over N88.37
billion from last year’s budget to 2014 budget.
“And that is why if you add N180 billion to
N88.37 billion, it will give you the N268.37 billion that we have in the budget
this year”, he said.
According to Agwai, the Federal Government
takes 41 per cent of the subsidy money with 51 per cent going to States and
Local Governments while 5 per cent is left for ecological matters.
Agwai said SURE-P was working with the MDAs
through their Projects Implementation Units (PIU).
He explained that the PIUs were the link
between SURE-P, the project
Chukwudi Obi
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