President Muhammadu Buhari has abolished the Subsidy Reinvestment and Empowerment Programme (SURE-P).

News reaching us also reports that President Buhari has ordered the presidential committee and workers of the agency to close shop.

The order was delivered to the SURE-P committee via a letter from the office of the Secretary to the Government of the Federation (SGF).

President Buhari in the letter 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 Program ‘SURE-P is a scheme established by the Federal Government of Nigeria during the administration of Goodluck Ebele Jonathan, the former President of Nigeria to re-investing 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. SURE-P was established on January 2012 when the Federal Government of Nigeria announced the removal of subsidy on Petroleum Motor Spirit

Meanwhile, the president is expected to declare open a two day retreat on Wednesday, November 4, for the ministerial designate.