Economy

Economic Industrialization Figures on Top Priorities as Minepat’s Boss Advocates for a 52 Billion FCFA Envelop

The November session of parliament dedicated to the adoption of the 2021 state budget has gone a long way with the passage of several ministers after the Prime Minister, Head of government’s presentation of the economic, financial, social and cultural programme for the 2021 financial year.

As members of the finance and budget committee of the national assembly meet, they entered day 3 of their working session on Sunday 29th November 2020, with five ministers appearing before the commission to defend their different envelops.

Alamine Ousmane Mey, minister of economy, planning and regional development (MINEPAT) appeared before the commission to advocate for a 52 Billion Francs CFA budget.

According to Minister Alamine Ousmane Mey, key issues will be addressed and will center on the new strategy for the development of the nation (2020-2030).

While addressing media practitioners at the end of his presentation, the minister stressed on some key points:

“We want to transform our economy. Transform this economy in bringing in more industrialisation to substitute our imports so far. This has impacted negatively on our trade and we want to think that through industrialization, through the promotion of the private sector, through the creation of a strong business system, we will be able to generate businesses with more jobs for our people and added value that will be maintained in the country. Secondly we do think that, accelerating the decentralization process while acting as a strategic manager at the level of the state, we have to support the promotion at the local, regional and national levels. We have to support these people through capacity building and the implementation of local development strategy, regional development strategy in line with the national development strategy. To do that, we need resources and these resources mainly will come from concessionary resources.

Alamine Ousmane Mey underscored the need to build an attractive business industry in the country and the putting in place of strong fiscal measures that will help in projecting the economic environment.

He said: “We have to encourage and attract more investors in our economy, by improving on our business environment, by realizing all the structural reforms necessary and having them bringing a lot of resources to produce more for Cameroon and export what we are producing and transforming.”

 

 

 

 

 

 

 

 

Elise Kenimbeni

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