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Just so you know: SURE-P invested N572 billion on infrastructure in 2012

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Just so you know: SURE-P invested N572 billion on infrastructure in 2012

by Solomon Osadolo

Recently, most of the news about the Federal Government Subsidy Reinvestment and Empowerment Programme, SURE-P, has been negative.

From allegations of foul play in Lagos to accusations that the president is using the program to build a finance war chest for 2015, to rumours of resignation by the chairman of the fund (which turned out to be false).

There are however documents which show that contrary to the perception that the fund hasn’t been too effective, it has actually injected the whopping sum of N572billion in developing infrastructure in the economy in just one year of operation.

To put the fund’s claim in perspective, it is useful to note that the entire ministries, departments and agencies of government expended the sum of N686 billion only on capital projects in 2012. Yet SURE-P was able to inject N572 billion, just N114 billion less.

The N572 billion included ongoing projects and projects for which the fund has only made a commitment to prosecute.

Some of the projects which SURE-P claimed to have injected the funds into include:

1. N21.7 billion – To cover the dualisation of the East-West roads.

2. N16.5 billion – To cover the ongoing intervention in the Benin-Ore -Sagamu road.

3. N14 billion – Ongoing Abuja-Lokoja road.

4. N5 billion – Port Harcourt-Onitsha

5. N1.5 billion – Kano-Maiduguri road

6. N5.5 billion – Second Niger Bridge

7. N4 billion – Oweto bridge

8. N23.5 billion – Maintenance of roads and bridges across the country

9. N155 billion – Power projects from 2012 to 2015  (Mambilla power plant, Coal Power Plant and Small Hydro power plants)

10. N11.6 billion – Abuja-Kaduna rail line

11. N9.3 billion – Lagos-Ibadan rail line

12. N24.6 billion – For retraining of teachers and for Vocational Training Institutes by the National Teachers Institute

13. N78.3 billion – Maternal and Child heath

14. N205.5 billion – Rural water scheme, water supply scheme, irrigation scheme and other water related projects

15. N8 billion – As commitment for Jebba- Kano railway rehabilitation project

16. N15 billion – Commitment for PH – Makurdi Railway Rehabilitation Project; Makurdi – Kanfanchan – Kuru – Jos & Kanfanchan -Kaduna Junction Railway Rehabilitation Project; Kuru – Maiduguri Railway Rehabilitation Project

17. N10.29 billion – Abuja (Idu) – Kaduna Railway Modernisation Project

18. N21.7 billion – Warri – Kaiama; Port Harcourt – Kaiama; Port Harcourt – Eket; Eket – Oron sections of the East-West Road in 2012.

19. N85.5 billion – Commitment to Abuja – Abaji – Lokoja Dual Carriageway (Four Sections); Benin – Ore – Sagamu Dual Carriageway (Three Sections); Onitsha – Enugu – Port Harcourt Dual Carriageway (Three Sections); Kano – Maiduguri Dual Carriageway (Five Sections); Construction of Oju/Loko – Oweto Bridge; and Construction of 2nd Niger Bridge at Onitsha.

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