The Bank of
Industry (BOI) and Federal Ministry of Agriculture and Rural Development
(FMARD) engaged on blaming game over
none payment of about N2.1 Billion Naira counterpart funding for the completion
of cassava cottage processing factories initiated by the Federal Government (FG) in 2013. Many of
the individuals who have paid Five Hundred Thousand Naira (N500.000.00)
Counterpart fund towards the construction of the processing factories are yet
to be paid since 2013 by the Bank of Industry (BOI).
This issue and others came
up during the opening ceremony of the 4th Annual General Meeting of
Cassava Cottage Processing and Marketing (CACOPMAN) held at IAR&T,
Moorplantation, Ibadan.
The
stakeholders had asked the question on why BOI has refused to pay those members
of CACOPMAN who have completed their factories according to specification with deposit of N500, 000.00 since 2013 saying
the action is against the agreement of the project and very retrogressive to
policy of value addition to cassava produce.
In response,
the BOI representative Mr. Micheal Oye said that there was no outstanding
except about three issues, but beside that all other recommendations from FMARD
have been attended to.
According to
him ‘’ there are rules we have to followed on the issue of cassava cottage. BOI
did not deal with you directly. Until the FMARD recommends you for payment or
instructed us to pay, there is nothing we can do, we cannot pay. I only have only
three outstanding payments as of today’’
Responding,
the representative of FMARD, Mr. Adeniyi Bob said there must have been a
communication gap saying the ministry was ready to ensure payment anytime is
involved.
The
intervention of the COCOPMAN president, Mr. Segun Ilori posited that a common
ground be harmonized to resolve the challenge adding that about 22 members of
the Association’s applications are still with the ministry after six years that
many had even completed the project with their personal money even as
N500.000.00 counterparts have been paid.
Mr. Ilori
said that ‘’ this discussion must have a common ground. Those applications of
about 22 members of our Association must be given attention by both the
ministry and BOI as some of them have completed the project. It is our money
that has to be disbursed almost six years ago. Let us agree that those
applications with the FMARD be forwarded to BOI. Let us pass a resolution in
this regards’’
Also the
issue of standardisation in terms of packaging of garri into sizeable kilogram
was advocated to be extended to open markets so as to prevent the use of mudus for selling to people thereby checkmating infiltration
of diseases like lassa fever and other related ones.
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My name is Mrs Aisha Usman, am a Citizen Of Singapore. Have you been looking for a loan? Do you need an urgent personal loan or business loan?contact Dr. Mark Thomas FOIRM Ronnie Finance Ltd he help me with a loan of $85,000 some days ago after been scammed of $4,800 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $85,000.Feel free to contact the company for a genuine financial service. Email:markthomasfinanceltd@gmail.com
ReplyDeleteWhats-App no +919667837169
Dr. Mark Thomas
LOAN APPLICATION DETAILS
Name:…………
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