- Vice president Osinbajo questioned the SURE-P scheme initiated under Jonathan administration
- Osinbajo asked if anyone can point to just one single beneficiary of the scheme
- The vice president, however, said the Buhari-led government initiated the largest social investment scheme in the history of Nigeria
Vice President Yemi Osinbajo has questioned the Subsidy Reinvestment and Empowerment Programme (SURE-P), a social investment programme introduced during the regime of former president Goodluck Jonathan.
The SURE-P is a scheme established by the Jonathan administration to re-invest the federal government savings from fuel subsidy removal on critical infrastructure projects and social safety net programmes with direct impact on the citizens of Nigeria. It was established on January 2012 when the Jonathan announced the removal of subsidy on Petroleum Motor Spirit (PMS).
However, fielding questions asking on Wednesday, January 16, during the town-hall meeting organised for the presidential and vice-presidential candidate of the All Progressives Congress (APC), Osinbajo asked: "Who can point to one single beneficiary of the SURE-P scheme?”
The Town Hall meeting was moderated by Kadaria Ahmed and broadcast live on the National Television Authority (NTA) station in partnership with MacArthur Foundation.
Speaking on the social investment programmes initiated by the current administration, Osinbajo said the federal government had spent N20billion on the Trader Moni no-interest loan.
Speaking on what the APC-led government is doing to boost the economy, the vice president said: “We started the largest investment programme for social investment in the history of this country.
“That’s why we have the conditional cash transfers; we are giving the poorest people in our country today N5,000; we are hoping we are able to [help] about one million people.
“We are doing our school feeding, feeding 9.2 million children every single day in public schools.
“Aside of that, the Trader Moni and the Market Moni that we are doing; these are loans to the poorest. Let me give an example: With the trader moni, we are giving two million of the market women loans starting with N10,000... some of them their inventories are not up to N2,000; we give them N10,000. When they pay back, they get N15,000 ... and it goes all the way up to N100,000. For the two million people, all of that is N20billion.”
Meanwhile, during the same Town Hall meeting, President Muhammadu Buhari said that he is healthy and has the physical strength to lead Nigeria again if re-elected in the forthcoming presidential election, adding that his appearances at the All Progressives Congress (APC) rallies testify to his agility.
President Buhari said he has been to Kogi and other states to campaign during which he took questions from Nigerians and also highlighted his administration’s achievements since he since assuming office in 2015.
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