Four Niger Delta states got the highest SURE-P saving in 2 months.
The Federal Ministry of Finance and Economic Development on Thursday said four Niger Delta States: Akwa Ibom, Rivers, Bayelsa and Delta States, received the highest allocations from the savings for the Subsidy Reinvestment and Empowerment Programme, SURE-P, for January and February, 2013.
A summary of the savings from the Office of the Accountant General of the Federation, OAGF, for all the 36 states and the Federal Capital Territory, FCT, Abuja, shows that Akwa Ibom got an allocation of about N1.442 billion, Rivers (N1.343 billion), Delta (N1.169 billion), and Bayelsa (N1.156 billion) for the month of January. The Accountant General said the monies include payment for 13 per cent derivation revenue.
The four states’ allocations from the saving for February also topped the table, with Akwa Ibom getting N1.487billion; Rivers, N1.382billion; Bayelsa, N1.138billion, and Delta, N1.126billion.
Details of the allocations showed that the Federal Government got a total of N16.293billion each for the two months, consisting SURE-P savings (N15billion); share of derivation and ecology fund (N309.28million); share to FCT (N309.28million); Stabilization Account (N154.64million) and share of Development natural resources (N519.59million).
Further breakdown of the allocations to the states showed that the other 32 states received between N184.347million (Ebonyi) and N409.43million (Ondo) for January, out of a total of N12.885billion, against the figures of between N184.347million (Ebonyi) and N370.68million (Ondo) for February, out of a total of N12.885million.
From a total savings of N6.371billion for each of the two months allocated to the states for the Local Government Councils in their domains, Kano got the lion’s share of N367.177million each for January and February, while all other states received between N72.119million (Bayelsa) and N256.202million (Oyo) respectively.
The Minister of Finance and Coordinator for the Economy, Ngozi Okonjo-Iweala, said the subsidy savings for the two months were based on the oil benchmark of $90 per barrel as against the partial subsidy phase out of N97 per litre of petrol.
In the wake of the January 2012 attempt to abolish the subsidy on the supply of petrol in the country, which sparked off a week-long national protest, the Federal Government had pledged to share the savings from the policy among the different tiers of government for the provision of essential social services to the people.
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