Nigeria: No Missing N500 Billion SURE-P Funds - Okonjo-Iweala

19 November 2013

THE Minister of Finance, yesterday, denied Senate allegation that N500 billion was missing from the SURE-P funds. A statement signed by Paul Nwabuikwu, Special Adviser Media to the Coordinating Minister of Finance said "contrary to some recent media reports, there is no missing N500 billion from SURE-P funds. The claim is completely false.

"The total expected funds for SURE-P from subsidy savings for the Federal, state and local governments is N816 billion from February 2012 to December 2013. (Please note that SURE-P started in February 2012.)

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