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Elhaji Jaji Manu Secretary General MINEPIA
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A project
intended to boost the livestock sector has been launched in Bamenda. The
Government of Cameroon through the Ministry of Livestock, Fisheries and Animal
Industries MINEPIA launched the livestock development project LDP Tuesday with
the intention to invest and modernize and make livestock profitable to those in
the sector.
Speaking
during the launching event, the Secretary General in the Ministry of Livestock
representative of the Minister, Fisheries and Animal Industries told many who
flood the event hall that the project is funded World Bank with the aim “to
accompany Producer Organisations POs, towards profitable, ease and exploit
market links and direct relations between actors, as well as financial
institutions so that they can reach customers potential farmers in rural
areas.”
According to
Elhadj Jaji Manu Gidado, the livestock sector is specifically targeted with the
aim to promote an environment conducive for the implementation of lasting and
mutual beneficial business relationships between different actors.
As Directed
by the MINEPIA Minister, the Project Coordinator explained that the LDP project
will increase the number of farmers eligible for loans and to increase the
share of private investment and the banking sector in financing the livestock
sector.
Dr Yessi
Anthony told the potential beneficiaries that LDP will fund business plans of
“Producer Organizations engaged in productive partnerships with buyers or
agribusinesses to strengthen their capacities to increase the productivity and
production of selected animal products in targeted value chains.”
“I am happy
with this project. I have been into livestock breeding for over ten years and
this project looks promising. I hope all the Money will not be diverted to
buying expensive cars for the coordinators.” Taniform George said.
To be
eligible the MINEPIA representative and the project coordinator maintained that
producer organizations must show proof
of common ties to the project, residence of at least 75percent of the POs must
be resident in the project area, longevity of at least two years in the sector,
existence of an idea shared by the
members, legally registered, availability of a bankable business plan and
productive partnership with a buyer/agribusiness certified by an agreement,
10percent financial contribution by the PO with no member allowed to control
more than 20per cent of the resources, reduced risk of diversion of the project
by elites and reports of available statutory bodies.
The funds
from LDP are expected to assist the POs acquire improved animal and plant
genetic materials, construct and rehabilitate of production, storage and
marketing facilities, access equipment and technologies that enhance quality of
products, transportation facilities amongst others.
Tags
Environment