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Friday, August 19, 2016

The Minister of Agriculture Challenges the New Board Chair Of C.D.C To Improve On Profit Margin

Minister shaking hands with workers at Esoke plantation in Tiko
 
The Minister of Agriculture Henri Eyebe Ayissi has challenged the new board chair of Cameroon Development Corporation Honourable Chief Justice Benjamin Motanga Itoe to work with the management of the corporation to double the effort in improving on the profit margin of C.D.C so that the corporation will continue to stand tall in the country development drive. Henri Eyebe Ayissi was speaking recently at the C.D.C board room Bota as he installed the formal Minister of justice into his function. The Minister call on the chairman of the board of directors to ensure the successful institutional technical and financial restructuring of the C.D.C which happens to be the second largest employer after the state with a work force of 20,358 workers. He invited Benjamin Itoe to ensure that C.D.C remains  a responsible corporate body by acting in the interest  of the population and avoiding interest of conflict and also to use his long years of experience to make C.D.C surpass its challenges. Minister Henri Eyebe said C.D.C which is considered as the economic life wire of the South West Region has an important strategic economic and social role in Cameroon in general with the North west and Littoral. He added that with a surface area of 42000 hecter, C.D.C produces three main crops being banana, rubber and oil palm. He expresses regrets that despite the great economic important to the country, C.D.C has been facing structural and financial difficulties a situation which has been worsen by the fall in the prices of its crops in the world market. Likewise, the board chair expressed regrets that the very low prices in the world market is a challenge C.D.C can not change. He said a kilo of rubber today sells at between 750 to 800FCFA francs in the world market down  from 2500 and 3000FCFA Francs some years back. He explained that C.D.C management will carry on the restructuring plans by replanting the aging crops and diversifying production to include crops like cassava and maize while waiting for the prices to return to normal in the world market. During a visit to the C.D.C banana nursery at Esoke, Minister Henri Eyebe Ayissi was marvelled at the huge project which habors some 350000 nursed banana ready for planting on the 300 hecter piece of land. However the general manager of C.D.C ,Frank Ngoni Njie expressed regret that the banana nursery and plantation is facing a serious problem due to the lack of electricity to pump water for irrigation. He said power failure causes by ENEO is causing great loss to the corporation. He nevertheless added that C.D.C is  now considering to provide electric power generators to solve the problem while negotiating other options.        

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