Contrary to the recent media
reports on missing N500 billion SURE-P fund, the minister of finance yesterday
denied the report. The finance minister in a statement signed by the Special
Adviser Media to the Coordinating Minister of Finance said, “contrary to some
recent media reports, there is no missing N500 billion from SURE-P funds. The
claim is completely false."
The statement revealed that the senate allegation of missing N500b SURE-P Fund is nothing but completely false. The statement says further,
“The total expected funds for
SURE-P from subsidy savings for the Federal, state and local governments is
N816 billion from February 2012 to December 2013. (Please note that SURE-P
started in February 2012.)
“The Federal Government portion
managed by the Kolade Committee for the period February 2012 to September 2013
is N300 billion after deductions for Stabilisation and other Special Accounts.
“As Dr Christopher Kolade
confirmed to the National Assembly recently, this is the amount which SURE-P at
the Federal level has received from the Federal Government. The balance of N500
billion went to the states and local governments which also have their own
SURE-P programmes. This is the amount that is wrongly described as missing”.
Hmmm mm! End of discussion! So the money is not missing…………..! But how come the senate declared it missing before…..?!
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