Besides, the Presidential Amnesty Programme may be stopped in 2017, as the MTEF document showed that the allocation for the scheme, which has been halved against next year, would be scrapped thereafter.
Essentially, the document made no mention of SURE-P during the framework period, affirming the administration’s disposition to stop fuel subsidy, which was a fallout of the programme, from next year.
The Minister of State for Petroleum, Dr. Ibe Kachikwu, said in Abuja on Monday that the Federal Government would begin a gradual withdrawal of fuel subsidy next year.
Kachikwu explained that the move was informed by assessed reduced revenue to the government’s coffers, mainly due to falling oil prices.
SURE-P was scripted by the Federal Government in January 2012, through the channelling of its own share of the subsidy reinvestment funds into a combination of programmes, to stimulate the economy and alleviate poverty through provision of critical infrastructure and safety net projects.
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