Second Generation Agriculture: government set to raise FCFA 3500 billion

The Minister of Agriculture and Rural Development has opened a second phase of the National Business Plan in Yaounde, intended to raise a sum of FCFA 1500 billion that will ensure the country’s agricultural potentials at international scene.

Minister Essimi Menye officially opened the business forum this Monday 14th September 2015 in Yaounde that was heavily attended by financial and technical partners as well as farmer’s groups from the world at large.

Speaking on the occasion, the Minister said government is doing everything to ensure the modernisation of the agricultural sector of the country so as to meet the second generational standards.

The modernisation project by the Cameroon government intended to run from 2014-2020 within which a sum of FCFCA 3500 billion will be raised is on a good foot as the Cameroon government has already raised a sum of FCFA 2000 billion.

This has been made available with huge contributions from the French Development Agency,C2D, European Union and the World Bank that has made a cumulative investment of FCFA 400 billion in a bid to accompany Cameroon in her modernisation project.

This ongoing second fund raising business come together, according the Agriculture boss is a platform for the government to raise FCFA 1500 billion, 300 of which has been pledged by the African Development Bank.

The Secretary General of MINADER, Jean Claude Eko'o Akouafane on his part says government will start the six year modernisation project as soon as the needed sum has been attained.

As the government awaits the kind gestures from her technical and financial partners, His Excellency Holger Manicke, German Ambassador to Cameroon has reaffirmed his country’s support in ensuring the modernisation of agriculture in Cameroon.

Worth noting is the fact that the second phase of the National Business Plan organised by the Ministry of Agriculture took place in the presence of a good number of cabinet ministers.