Former Chairman, Subsidy Reinvestment and Empowerment Programme, SURE-P, Dr. Christopher Kolade, said last week that he resigned his position in 2013 because its operations were becoming tainted with corruption and politics, thereby losing its credibility.
Meanwhile, SURE-P, received no budgetary provision for 2015, amid concerns whether President Muhammadu Buhari would retain the programme.
SURE-P was established by former President Goodluck Jonathan in the wake of the 2012 fuel price increase and nationwide strike, to reinvest savings from the reduction of subsidies on petroleum products.
The scheme has however come under increased scrutiny lately over allegations of corruption.
In 2014, SURE-P received N180 billion as budget in addition to N88.3 billion unspent money from 2013.
“WHAT NEED TO BE DONE”said by lenin after their success in wrestling power from the russian Romanov royal famiy,after being in power for 300 yrs.now is for Nigerians ask themselves ” what need to be done ” for Nigeria to be respected,even loved, admired or for Nigerians to love their country to fight for this piece of land called Nigeria to,defend their country with their last blood for their family,their parents,their children.their homeland,for it’s glory,it’s superpower status Is it for Nigerians to change this present status of preventable ethnic tensions,delusional internal terrorism,chronic poverty in our homeland,nigerians must ask themselves why are there still poverty in our homeland, “can we do things better ” can this countless murder or road accidents be prevented or reduced to a minimal percentage.”what is the causes of this messes of allowing Nigeria realizing it’s potentials.is it the ruling Nigerian political party not doing enough to make Nigerians happy,e.g the british labour party almost destroy the liberal party with a progressive idea in the last 100 yrs.after the second world war, they adapted a report.the report said there should be a fight on (ignorance,poverty,poor housing,medical treatment). When the labour took power,they set up a scheme for free medical treatment at any cost,a welfare & v social security,affordable and cheap housing,this exists today after 70 yrs about,how they did it,by create and expanding new taxes.taxes rates reached 80 % about or more.they created a national insurance taxes to fund the welfare system. Eric William wrote a book called “capitalism and slavery” who the hell is he ?he is the son of one of descendant ex-slave in Trinidad,he became the former prime minister of Trinidad,his research how the trading of African slaves funded and enriched Britain and u.s.a this accumulation of wealth created the industrial revolution in Britain. “WHAT NEEDED TO BE DONE”is for Nigerians to be creative,even unconventional,if Nigerian or us Africans recovers from this insults,humilation even being systematic raped by foreigners This present usuage of Nigerian central bank keeping our foreign reserves in a british public bank 50 yrs after independence is crazy.the present level of foreign reserve is about 30 billion dollar.it’s more that Nigerians have a foreign reserve within one year to about 500 billons reserve.how to do it ? (1)Mrs Iwela created a 500 million u.s dollar bond.recall about 10 bilions reserves distributes across Nigerian financial instution,by proportion according it’s balance sheets,nigerians or Nigerians coporate buy this reserve inside Nigeria to hold it as a bond interest rates on this dollar bond can be set by the ministry of finance or the C.B.N,with fines for early withdrawal,if Nigerians buys this dollar induced bond,(2) integrates the black market into the regulated financial system,bureau de change are persuded to keep their liquid foreign reserve in Nigerian financial system,they are allowed
“WHAT NEED TO BE DONE”said by lenin after their success in wrestling power from the russian Romanov royal famiy,after being in power for 300 yrs.now is for Nigerians ask themselves ” what need to be done ” for Nigeria to be respected,even loved, admired or for Nigerians to love their country to fight for this piece of land called Nigeria to,defend their country with their last blood for their family,their parents,their children.their homeland,for it’s glory,it’s superpower status
Is it for Nigerians to change this present status of preventable ethnic tensions,delusional internal terrorism,chronic poverty in our homeland,nigerians must ask themselves why are there still poverty in our homeland, “can we do things better ” can this countless murder or road accidents be prevented or reduced to a minimal percentage.”what is the causes of this messes of allowing Nigeria realizing it’s potentials.is it the ruling Nigerian political party not doing enough to make Nigerians happy,e.g the british labour party almost destroy the liberal party with a progressive idea in the last 100 yrs.after the second world war, they adapted a report.the report said there should be a fight on (ignorance,poverty,poor housing,medical treatment).
When the labour took power,they set up a scheme for free medical treatment at any cost,a welfare & v social security,affordable and cheap housing,this exists today after 70 yrs about,how they did it,by create and expanding new taxes.taxes rates reached 80 % about or more.they created a national insurance taxes to fund the welfare system.
Eric William wrote a book called “capitalism and slavery” who the hell is he ?he is the son of one of descendant ex-slave in Trinidad,he became the former prime minister of Trinidad,his research how the trading of African slaves funded and enriched Britain and u.s.a this accumulation of wealth created the industrial revolution in Britain.
“WHAT NEEDED TO BE DONE”is for Nigerians to be creative,even unconventional,if Nigerian or us Africans recovers from this insults,humilation even being systematic raped by foreigners
This present usuage of Nigerian central bank keeping our foreign reserves in a british public bank 50 yrs after independence is crazy.the present level of foreign reserve is about 30 billion dollar.it’s more that Nigerians have a foreign reserve within one year to about 500 billons reserve.how to do it ?
(1)Mrs Iwela created a 500 million u.s dollar bond.recall about 10 bilions reserves distributes across Nigerian financial instution,by proportion according it’s balance sheets,nigerians or Nigerians coporate buy this reserve inside Nigeria to hold it as a bond interest rates on this dollar bond can be set by the ministry of finance or the C.B.N,with fines for early withdrawal,if Nigerians buys this dollar induced bond,(2) integrates the black market into the regulated financial system,bureau de change are persuded to keep their liquid foreign reserve in Nigerian financial system,they are allowed