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Far North to receive XAF170 billion in 2024 state budget, with road projects a top priority

Far North to receive XAF170 billion in 2024 state budget, with road projects a top priority

Paru le mercredi, 17 janvier 2024 16:20

Cameroon's Far North region will receive a XAF170 billion ($273 million) boost in 2024, Finance Minister Louis Paul Motaze announced on Wednesday.

Motaze, speaking at the official launch of the state budget in the region's main city Maroua, said the allocation will be used to "continue and complete various second-generation projects" underway in the area.

The projects, focused on health, agriculture and infrastructure, are aimed at "improving the living conditions of the region's populations," Motaze said.

A significant portion of the budget will be directed towards infrastructure projects, including the rehabilitation of the Mora-Kousseri and Magada-Yagoua roads; the construction of a bridge over the Logone River and the upgrading of the Maroua-Pouss road.

The budget will also support investments by the state-owned Rice Expansion and Modernization Company, SEMRY,  for the acquisition of tractors, the construction of the Lycée technique et professionnel agricole de Yagoua, and the construction of a haemodialysis center and a medical analysis laboratory at the Mokolo regional annex hospital.

Motaze highlighted the region's satisfactory absorption rate of public investment funds in recent years, with 73% of allocations used in 2022 and 70% by September 2023.

The 2024 state budget, adopted by parliament at XAF6.74 trillion, represents an XAF13 billion increase over the 2022 budget.

L.A.

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