From FCFA 1.4 billion last year, new projects are in sight as FCFA 6.1 billion has been approved for the 2022 fiscal year
The Lake Chad Region Recovery and Development Project now has an ambitious plan to take on more development projects with a giant step. This follows the sharp increase in the new budget. For the 2022 fiscal year, the project will run with a budget of FCFA 6, 090, 00, 424.
This is over four times higher than the FCFA 1, 460, 597, 986 allocated to it last year. This new figure was communicated at the end of the first working session of top management officials of the Lake Chad Region Recovery and Development Project. It was presided over by Minister AlamineOusmaneMey who is the current Chair. He was assisted by the Far North Regional Governor, MidjiyawaBakari, the Vice President, who had travelled all the way to Yaounde to participate at this maiden session.
In a final communique seen by Cameroon Insider, the committee calls on stakeholders of this project to consider and corroborate the efforts of other development projects in the same community. It makes reference to the Presidential Plan for the Development of that Region and other schemes aimed at attaining similar objectives.
The Lake Chad Region Recovery and Development Project has been co-funded by the State and the World Bank, to the tune of FCFA 35.94 billion.
It seeks to render the communities more economically resilient through various forms of empowerment. The scheme also intends to forestall inter-communal conflicts over limited natural resources.
The final statement also indicates that available finances will permit them rehabilitate some 314km of earth roads, construct some water retention sites in 16 basins, plant some 690,000 trees and facilitate fishing activities in these communities. It also seeks to create some 300, 000 direct and indirect jobs.
It was also a rare opportunity for these supervisors to assess the strides made and to give fresh orientations for the years to come.
At the end of the session, the Chair was all smiles after what he said was a successful maiden session.
“We want to belief that, in line with the high instructions of the President of the Republic, HE Paul Biya, issues around climate change, Boko Haram activities, resilience, development, social cohesion, management of natural resources are covered by this project. Particularly at this period when we see conflicts in the management of natural resources in this part of our country,”Minister Mey said.
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