By Muhammad B Muhammad
Amidst economic crisis in the country, the Adamawa State Government has moved to prioritize Agribusiness to boost its Internally Generated Revenue (IGR) through the services of a consultant, Arewa Research and Development Project.
The programme which is tagged Adamawa State Agribusiness Support Programme (ADAS) was designed to take full advantage of the agricultural opportunities within the state and will focus on three areas of Crop Value chain, Livestock and Acquaculture.
The Benefits Adamawa state stands to reap include Increase in the annual IGR from N8.3b on inception to N45b by the tenth year, return of the warehoused N5.15b credit Guarantee fund and Increase in Gross Domestic Product (GDP) from N1.7 b to N7.8 trillion among others.
Governor Ahmadu Umaru Fintiri while commenting after the power point presentation by the consultant in the Government House, Yola urged the lead ministries to work and tidy documents as regards implementation for government to benefit maximally from the programme.
He revealed that his administration is working closely with legislators for the good of the state adding that government is formalising the markets in Adamawa to ensure it unbundles all available resources, in the quest of making the state great again.
While pointing out that the present administration has Inherited huge debt which cannot be bequeathed to the next generation, Governor Fintiri said he is committed to working with purpose driven people to make things right for the state.
In his presentation, the leader of the team, Arewa Research and Development Preject Aminu Buhari said the programme will provide Credit Guarantee Scheme of N5.15 billion that will be used to generate additional IGR of N2.4b in the first year of operations.
He added that it will also upgrade some selected grains and cattle markets in Mubi, Ganye, Song, Gombi, Ngurore, Tungo, Malabu, and Wuro bokki adding that it will drive socioeconomic benefits to the state in the areas of employment generation, poverty reduction, wealth creation and improves security.
Mr Buhari said the programme will improve economic fortunes of the state by “creating one stop program that will focus on Agribusiness over a ten year period, creating and institutionalising market and their associate infrastructure reforms and attracting investment in the key sectors of the economy.”
He said since the engagement of the firm, it met with the ministries of Livestock and aquaculture, Agriculture, Finance and Budget, Planning Commission and Economic team of the state after which it completed all submissions and awaits approval to commence full implementation.
Most of the financial problems of the state according to the presenter was incurred by previous administrations, hence the commendation on the present leadership in the state for tirelessly working to right the wrongs by engaging consultants in the field.
Buhari observed that Adamawa state is obviously an agrarian and livestock state with highly literate but highly unskilled youths in the north hence the need for government to salvage the state from shackles of underdevelopment it inherited
The consultants advocated for aggressive IGR drive through broadening the state’s revenue base,deepening the state’s revenue base,leveraging on the enormous agricultural capacity of the state, and the potential to upscale revenue generation.
The event was attended by the Deputy Governor Chief Crowther Seth, Speaker and some members of the State House of Assembly, as well as members of the State Executive Council.
High point of the presentation was question and answer session.