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Northwest Regional Council Allocates XAF5 Billion for Investment in 2024

Northwest Regional Council Allocates XAF5 Billion for Investment in 2024

Paru le jeudi, 21 décembre 2023 16:11

The Northwest Regional Council of Cameroon has approved a budget of XAF5.6 billion for 2024. The budget adopted during an ordinary council meeting on December 12, prioritizes infrastructure development and social well-being. Specifically, XAF4.6 billion, or 82% of the envelope is earmarked for investments and the remaining budget is set for the council’s operating expenses. In a Facebook post, the council praises the budget as a stark divergence from the standard budget requirement, which provides for 40% of the budget dedicated to functional expenditures and 60% for investment.

Top priorities for the 2024 budget include an XAF400 million emergency center at the Bamenda regional hospital annex, bolstering vital healthcare access. Additionally, the Council plans to invest in infrastructure upgrades with road construction, school building, and the creation of the North-West Regional Assembly and its guest house. Further enhancing public health, morgues in Oku and Nwa are on the docket, along with modern laboratory facilities. Other planned projects include training for traditional chiefs, continued rehabilitation of palaces destroyed by separatist attacks, and the commissioning of the regional customs clearance center.

"To realize the ambitious goals of the North-West development plan, we need a budget of at least XAF 26 billion annually.  [...] We need to set up the North-West Development and Investment Fund to meet our goals," said Professor Angwafo III, President of the Regional Council.

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