₦airaland Forum

Since the partial removal of fuel subsidy by the Federal Government seven months ago, a whopping N248.85bn has been shared by the three tiers of government under the Subsidy Re-investment and Empowerment Programme.

The money shared was savings made from the partial fuel subsidy removal.

[b]The amount, our correspondent gathered, was based on the budgeted monthly provision of N35.55bn credited to the SURE-P account by the Federation Account Allocation Committee.

Of the N248.44bn, the Federal Government got N105bn, representing a monthly allocation of N15bn for the seven months; while the balance of N143.55bn was shared by the states and local governments.

A breakdown of the N35.55bn shared by the states in July revealed that Akwa Ibom got the highest amount of N1.83bn; while Rivers got N1.46bn; Delta, N1.40bn; and Bayelsa, N1.09bn.

Abia got N364.9m; Adamawa, N393.3m; Anambra, N394.08m; Bauchi, N456.52m; Benue, N439.43m; Borno, N494m; Cross River, N389.13m; Ebonyi N285.76m; Edo N446.3m; and Ekiti, N301.1m.

Others are Enugu, N347.1m; Gombe, N297.42m; Imo, N469.75m; Jigawa, N454.62m; Kaduna, N504.13m; Kano, N718.6m; Katsina, N535.7m; Kebbi, N390.29m; Kogi, N395.9m; Kwara, N335.93m; Lagos, N540.48m; and Nassarawa, N296.6m.

Similarly, Niger State got N475.26m; Ogun, N376.59m; Ondo, N533.08m; Osun, N406.47m; Oyo, N515.89m; Plateau, N364.73m; Sokoto, N415.93m; Taraba, N366.13m; Yobe, N360.05m; Zamfara, N352.01m; and the Federal Capital Territory, N56.77m.[/b]

The Minister of State for Finance, Dr. Yerima Ngama, had said the states and local governments would not receive their share until they opened separate accounts for the fund.

This, he noted, would enable the Federal Government to track how the fund was being used.

He said, “The subsidy re-investment fund is supposed to be paid to the states and local governments separately into a special account that they should open and we expect them to also forward to the ministry the programmes that they intend to use the subsidy re-investment fund for in order to alleviate the condition of our people.

“But every state is free to determine what it wants to do with its subsidy re-investment fund. It doesn’t have to be what the Federal Government is doing, but you can come and complement what the Federal Government is doing in your own state. So, the distribution will be made separately so that we will be able to hold people completely accountable.”

Findings, however, revealed that the majority of the states in a bid to begin the implementation programme, had been responding to the directive.

For instance, Governor Patrick Yakowa of Kaduna State last week inaugurated a committee for the implementation of the programme.

The SURE programme provides for the implementation of short-term social welfare schemes to alleviate the impact of subsidy removal on Nigerians.

Some of these are the construction, completion and rehabilitation of rail, refineries, key federal highways, hydro stations, information technology and water projects.

The programme will also fund mass transit, public works, training for unskilled youths and social services to reduce high maternal and infant mortality rates.

It is being managed by the SURE-P committee headed by Dr. Christopher Kolade.

The committee is saddled with the responsibility of “mitigating the immediate impact of the removal of fuel subsidy and accelerate economic growth through investment in critically needed infrastructure.”

Of the Federal Government share of the SURE-P fund, it was learnt that N21.7bn had already been set aside for the construction of the East-West road.

seanet02: Where in the post did i said Lagos own the station?
Taharqa, please am bereaved and cannot do much. Just using this today to calm myself

seanet02: Oh my Goodness. Some ediots are damm made.
So you actually don't know that Lagos generates more power than your over bloated rivers?
Have you ever heard about Egbin Thermal station?
It generates more power than your useless Rivers state put together. Olodo

seanet02: Bloody baboon. Yall all want ACN to generate electricity for you? Ediots, anyway, ACN is generating 280 megawatts out of the 4000 you claim to be generating. Now if other pdp states like 20 generates this, do you know where we will be today?
Actually your brain can engage in this kind of intellectual discourse.
This aren't for kids.

muktar mtt: Give us a break dude aviation hw plane crash d we have in dis yrear anly hw r died u tell say he. Don well in iviation u dnt have 2 lied bro GEJ is a worst predow ever nd he lost my vote am ashame of him as a predow

cr8v: What Surprise Are You Expecting From President's 2013 New Year Address?

I am not against Mr President but I think he has a lot of surprise package for Nigerians. On the first of January this year, the president announced an increase in the price of petrol. It was unexpected and Nigerians were taken by surprise. The year started with a protest that the opposition tried to hijack to their advantage

Come the Democracy Day broadcast, Mr President also changed the name of UNILAG to MAULAG after the late MKO. Many people including the staff of the university were taken by surprise as they were not contacted before the change. Though the court was later to rule in favour of UNILAG as against MAULAG

Now January 1 is around the corner and Mr President is going to address us again, what surprise should we be expecting?

seanet02: Let me tell you the best way to convince any man that Electricity has improved?
It is with the consumption of Petrol and Diesel?
If actually there is an improvement in electricity, many people will be forced to abandon their Generating sets meaning less consumption of Petrol,
if actually there is an improvement in power supply, many manufacturers will be less dependent on Diesel to power their generating sets,
the last time i checked, The Department of Petroleum resources told us there was an increase in the importation of diesel.
Despite the fact that foreign investment is dwindling just like industrial output,
you need to contact MAN and ask them the number of industries that have closed down because of power supply before coming here to chunk out your feeble conjectures

Since the partial removal of fuel subsidy by the Federal Government seven months ago, a whopping N248.85bn has been shared by the three tiers of government under the Subsidy Re-investment and Empowerment Programme.

The money shared was savings made from the partial fuel subsidy removal.

[b]The amount, our correspondent gathered, was based on the budgeted monthly provision of N35.55bn credited to the SURE-P account by the Federation Account Allocation Committee.

Of the N248.44bn, the Federal Government got N105bn, representing a monthly allocation of N15bn for the seven months; while the balance of N143.55bn was shared by the states and local governments.

A breakdown of the N35.55bn shared by the states in July revealed that Akwa Ibom got the highest amount of N1.83bn; while Rivers got N1.46bn; Delta, N1.40bn; and Bayelsa, N1.09bn.

Abia got N364.9m; Adamawa, N393.3m; Anambra, N394.08m; Bauchi, N456.52m; Benue, N439.43m; Borno, N494m; Cross River, N389.13m; Ebonyi N285.76m; Edo N446.3m; and Ekiti, N301.1m.

Others are Enugu, N347.1m; Gombe, N297.42m; Imo, N469.75m; Jigawa, N454.62m; Kaduna, N504.13m; Kano, N718.6m; Katsina, N535.7m; Kebbi, N390.29m; Kogi, N395.9m; Kwara, N335.93m; Lagos, N540.48m; and Nassarawa, N296.6m.

Similarly, Niger State got N475.26m; Ogun, N376.59m; Ondo, N533.08m; Osun, N406.47m; Oyo, N515.89m; Plateau, N364.73m; Sokoto, N415.93m; Taraba, N366.13m; Yobe, N360.05m; Zamfara, N352.01m; and the Federal Capital Territory, N56.77m.[/b]

The Minister of State for Finance, Dr. Yerima Ngama, had said the states and local governments would not receive their share until they opened separate accounts for the fund.

This, he noted, would enable the Federal Government to track how the fund was being used.

He said, “The subsidy re-investment fund is supposed to be paid to the states and local governments separately into a special account that they should open and we expect them to also forward to the ministry the programmes that they intend to use the subsidy re-investment fund for in order to alleviate the condition of our people.

“But every state is free to determine what it wants to do with its subsidy re-investment fund. It doesn’t have to be what the Federal Government is doing, but you can come and complement what the Federal Government is doing in your own state. So, the distribution will be made separately so that we will be able to hold people completely accountable.”

Findings, however, revealed that the majority of the states in a bid to begin the implementation programme, had been responding to the directive.

For instance, Governor Patrick Yakowa of Kaduna State last week inaugurated a committee for the implementation of the programme.

The SURE programme provides for the implementation of short-term social welfare schemes to alleviate the impact of subsidy removal on Nigerians.

Some of these are the construction, completion and rehabilitation of rail, refineries, key federal highways, hydro stations, information technology and water projects.

The programme will also fund mass transit, public works, training for unskilled youths and social services to reduce high maternal and infant mortality rates.

It is being managed by the SURE-P committee headed by Dr. Christopher Kolade.

The committee is saddled with the responsibility of “mitigating the immediate impact of the removal of fuel subsidy and accelerate economic growth through investment in critically needed infrastructure.”

Of the Federal Government share of the SURE-P fund, it was learnt that N21.7bn had already been set aside for the construction of the East-West road.

seanet02: Village monkey. You need to counter my claims with facts not feeble conjecturers.

seanet02: then you need to tell your epilepsy ridden dunce heads at poverty development party to do something about what ACN is whining about.
What opposition party will not complain about a government that spent 16 billion (Us dollars not worthless Liberian dollars) on power and yet can not add a single megawatt to what it met on ground.
We know you pdp agents. You rarely reason beyond your mouth.

shiloh: If he doesn't like d insults he should resign nw...no b him mate for oda countries dey resign?? Bt as for insult kam...he will kip getting it as long as he does nt take dat his lazy bu.tt off dat chair he is sitting on n work!!

As since Nigerians have refused to revolt and ve decided to use social media as dier only weapon den d insults will kip coming in...so he should deal wit it!

PointB: Keen observers will see clearly why I generally refer to the AC.N goons here as hypocrites! Same clowns who praised Fashola/AC.N to high heaven when he ignorantly stated that Nigeria can make progress even with worst constitution provided their is change of attitude of the people, are same one cursing GEJ for now toeing similar line as panacea for corruption. This hypocrisy is very unhealthy for both the purveyors (AC.N goons) and the gullible the buy into it. Attacking on GEJ for same 'offense' commited by Fashola is indeed the height of hypocrisy.

@topic,
While there is a lot of benefit in positive attitudinal change in the people, I think it is simplistic to the point of naïvety to expect attitudinal change without specific policy instrument (intervention) targeted at this. This applies to both Fashola and GEJ who have recently advocated for attitudinal changes albeit naively.

take dat: It is only those who are satisfied with Nigeria becoming a One Party State through PDP that'll oppose or move to truncate the merger, though the characters in the political space are almost the same but having two or more stronger parties is healthy for our democracy. It is inconsequential if Galadima and co are dissatisfied With the merger as long as Buhari who single handedly controls the party is interested.

jmaine: If all insults could dethrone him as your President and CIC . . . .It would have been productive, but as it stands....

All rants and insult without yield is a sheer waste of time....You all have 2 more years of unyielding screams to go

Indulge in it brethrens

pDude: Chei! If to say the guy knew, he for just stay put jejely for US.


After, some people will tell me to come back to naija to re-invest in that economy. Thunder faya anybody that opens their dirty mouth to tell me any thing about returning.

Eko Ile: Ya body dey hot because of Jonathan aka Abdul El Retardeen? Which one of you love Odechukwu pass? You or Patience aka Madam umblerra ?

berem: Pesin wey black come wear black cloth join.thumbs up to Alhaji Abdulgoodluck Danjonathan.smfh!