President Muhammadu Buhari has ordered the immediate closure of the Subsidy Reinvestment and Empowerment Programme (SURE-P).
Buhari also ordered the presidential committee and workers of the agency to shut down its activities.
This instruction was delivered to the SURE-P committee through a letter from the office of the Secretary to the Government of the Federation (SGF).
In the letter, President Buhari directed the panel to wind down the operations of SURE-P on or before October 31, 2015 and submit a comprehensive report of its activities to the presidency.
Buhari also ordered a probe into the activities, funding and expenditure of the agency.
The Jonathan-led administration established the SURE-P programme in response to the subsidy removal from petroleum products in 2011. The programme was meant to reinvest the Federal Government’s share of the savings arising from the reduction of subsidies into programmes and initiatives that would go a long way to ease the pain of subsidy removal and create a better life for Nigerians.