BY SIMON NDIVE KALLA
The Cameroon Development Corporation, CDC, has adopted the sum of FCFA 57 Billion for 2023 fiscal year. The budget which is equilibrium in both revenue and expenditure with an increase of 26% as per last year’s budget which stood at FCFA 45 Billion is dubbed ambitious budget.
This was revealed to the press by both Board chair of CDC, Hope Sone Ebai and Franklin Ngoni Njie (GM) on Thursday December 15, 2022 after an 8 hours day-long meeting.
According to the Board chair, the board meeting was aimed at examining and adopting the corporation’s 2023 budget. He added that next year the cooperation shall begin diversification of crops of which it was growing with cultivation of Cassava and corn.
“In terms of security and other ambitious plant that we have in the various areas. We’re hoping to realize that budget, which will make the corporation move forward in production. The major plan of diversification that the management has been working on will come to fruition this year.” Hope Sone said.
He added that this year they need to put into practice, what was decided a year ago on diversification of short circle crops like Cassava and corn.
On his part, the General Manger of CDC, Franklin Ngoni Njie dubbed the budget as ambitious budget billing on the fact that there is relative improvement on the security situation in some areas of operation which implies that they shall be able to exploit other areas as they did last year.
“We also see in the budget the diversification project that we had coming into execution 2023”, the budget is quite ambitious, it rest on the fact that we are building on certain commitment the government has taken particularly as concern certain vital investment that have to be made in the corporation.” Franklin Njie said.
Quizzed on how much hectares of land has been allocated for the diversification of crops he said 2000 hectare of land has been allocated at Pendamoko plain.
The GM explained that the year 2022 has been a challenging one despite the huge ambitions they had this, “Weren’t going to meet all before the year ends. We had setback in area of security, when we thought that we had settled and were going to start operating and exploiting our plantations in Meanja but we faced setbacks due to some attacks. It hit us so badly.” Franklin Njie added.
He is optimistic that the security forces have taken appropriate measures that gives them confidence that come 2023 they are going to operate under better conditions.
“I strongly believe that 2023 we’ll realized our goals placed before us, they’re quite ambitious, but while we insist, it’s necessary to remain ambitious is because of the following; the potential is there, our rubber trees have latest, they’ll give us rubber if we go and tap them”
“Our palm tree which we have done a lot of rehabilitation in 2022 will give us fruits which we can harvest, press and get palm oil and make money so, there's reason to be optimistic” Franklin Njie explained.
He added that he knows the challenges will always be there, but he is optimistic that with the joint decision that will be taken by the various key stakeholders among whom is the State, Management and Board of Directors are definitely going to achieve their goal come 2023.
CDC Board Chair, Hope Sone Ebai
CDC GM Franklin Ngoni Njie
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