THE SURE-P FAIRYTALE

"when the foundations are destroyed, what can the righteous do"


The actual blueprint for the effective implementation of the SURE-P government initiative is under the calculation that the sum of 1.134 trillion will be saved by the complete removal of fuel subsidy. This figure is obtained based on the average international price of crude oil to be $90 per barrel, in relation to the consumption here in Nigeria. The breakdown of the sharing formula provides the federal government the sum of 478.49 billion naira, the local governments will recieve 203.23 billion naira, the federal capital territory, 9.8 billion naira while the development of natural resources and stabillization funds will recieve the sum of 31.37 billion naira.
Already the Subsidy Reinvestment and Empowerment Program (SURE-P) suffering from a lack of funds, is no more shameful than the actually cook up of the program itself. The timing for the application of the poorly calculated program by the federal government brings to full color the waste of resources employed in some government parastatal think tanks, who rarely see beyond their belly and bank accounts to accurately plan a 4 year program, which will effectively have a plus or minus clause, giving the known function of considerable fluctuation in the world economy and as it affects the Nigerian economy in relation to changes in national policy and scale of preference selection of top priority needs of the nation.
The calculated figure of 1.134 trillion naira, drastically reduced to 426 billion naira due to the failure of the government to convince Nigerians to pay 141 naira per liter pump price for PMS. This first wrong calculation by the government already points at an inefficiency of those behind the SURE-P, (Subsidy Reinvestment and Empowerment Program) who failed to realize the lack of feasibility of the acceptance of 141 naira per liter by the Nigerian populace.
With a plate full of where and how to judiciously invest the bulk of 426 billion naira, the SURE-P management will have quite a difficult time creating lasting impressions with such an amount compared to the 1.134 trillion promised them. This certainly will reduce the impact of works that can be done to an appreciable level, which on the long run spells doom and ultimate demise of the SURE-P.
In a case of eventual collapse and failure of the SURE-P, it indeed will be story of dishonor for the individual members of the SURE-P board whose high standard of discipline and morals earned them the respect of Nigerians, cos knowingly or unknowingly the government simply used them as propaganda  pawns.

Click on the link below to download a PDF copy of the Subsidy Reinvestment and Empowerment Program (SURE-P) booklet.
http://www.scribd.com/oladebo/d/84105335-Subsidy-Reinvestment-and-Empowerment-Program