Business
Fadama III: A’ Ibom LGAs Owe N50m Counterpart Funds
Eighteen Local Government Councils out of the 20 participating in FADAMA 111 programme in Akwa Ibom are yet to pay their counterpart funds for the projects.
Speaking with newsmen in Uyo, FADAMA 111 Technical Committee Chairman in the state, Mr Ita Esen, said that 12 of the defaulting councils had remitted part of the funds.
Esen also said that six local government councils had not paid any amount for the funding of the projects since the programme started in the state three years ago.
Esen, who is the Permanent Secretary in the state’s Ministry of Agriculture and Natural Resources, said that the total amount being owed by the benefiting councils was more than N50 million.
He disclosed that only two local government councils, Mkpat Enin and Nsit Atai, that had fully paid their counterpart funding for the projects up to 2009.
“FADAMA 111 is a five year project; two years are gone and we are in the third year. The state government did not participate in FADAMA 1 AND 11 and you know the programme is a tripartite one,’’ Esen explained.
“For its one year participation in the programme, the state government has so far paid N13.6 million for the projects,’’ he said.
He said that the FADAMA 111 user groups were engaged in poultry, piggery, aquaculture, goat rearing, cassava production, vegetable farming, agro-processing, cool stores and rentals.
The permanent secretary explained that the benefiting groups usually submitted local development plan (LDP) before qualifying for the grant after due assessment.
“The groups are expected to pay 30 per cent, while the banks pay 70 per cent of the total cost of the business investment,” Esen further explained.
He said that the work of the technical committee was to periodically monitor the progress made by the different groups and ensure that they were focused.
He, however, said that the major challenge of the project was that the farmers were inconsistent and needed constant monitoring.