The Chairman, Senate Committee on Rules and Business, Senator Ita Enang, has asked the Federal Government to abolish the Subsidy Reinvestment and Empowerment Programme because it lacks clear focus.
He said since the SURE-P was inaugurated a year ago, the government could not point out to Nigerians what the programme had done.
Speaking in Uyo on Thursday while fielding questions from journalists, Enang said he was not satisfied with the Federal Governmentâ€™s implementation of the SURE-P.
He said if the SURE-P was to be managed properly, the fund would have been invested in things that could be seen and in things that would reduce the sufferings of the people like building modular refineries.
Enang said, â€œI am not satisfied with the Federal Governmentâ€™s implementation of SURE-P. As a subsidy reinvestment fund, SURE-P should be invested in things that will be seen, in things that can reduce the sufferings of the people; above all it should be reinvested in building refineries.
â€œIt should be reinvested in alternative programmes that can sustain the people after oil. It should be reinvested in things that improve energy in Nigeria. I will urge the Federal Government to abolish the SURE-P funding. Any money that is saved by removing the subsidy should be paid into the Federation Account and shared between the three tiers of governments. What the fund has done, we cannot see; there is duplication of projects, the fund is not managed reasonably.â€
The senator said the country needed to reduce its dependence on importation of refined petroleum products and that it should direct its efforts to building modular refineries in each state of the federation.
Enang lamented the paucity of federal projects in Akwa Ibom State, saying the number of federal projects in the state was far too small compared to what was obtainable in other states.
He said out of the N250bn released by the Federal Government for the implementation of projects in every state of the federation, only N5m was allocated to Akwa Ibom State.