Monday, 17 December 2018

2019 Financial Year:



Limbe City Council Adopts Ambitious FCFA 10bn Budget
-West Bank Project, AFCON Hosting Prioritized
Limbe City Grand Councilors meeting in budgetary session
The Limbe Left Bank Maritime Development Project is gradually but surely taking shape as the Minister Delegate of MINEPAT is expected in days ahead for the project's take-off and realization. A whooping sum of 150 Million Francs CFA shall be used to study projects especially to improve on the data bank of projects, finalise the Environmental Impact Assessment and technical Feasibility studies for the Down Beach project"
                This was disclosed by the Government Delegate to the Limbe City Council, Andrew Motanga Monjimba, on Friday December 7 during the second ordinary session of the city council for the year 2018 dedicated to the examination and adoption of the budget for the 2019 financial year.
                Addressing grand councillors at the LCC conference hall, the GD said the realisation of the 60 billion worth Limbe West Bank Project which will comprise the building of a 2000-seat multi-purpose conference hall, a shopping centre, a museum, sporting facilities amongst others will create many jobs and business opportunities.
                Presenting the council’s budget for 2019, the GD said the draft budget of LCC for 2019 financial year is balanced in revenue and expenditure at the sum of Nine Billion Seven Hundred and Fifty Million Francs CFA (9,750,000,000FCFA). Out of this, the recurrent expenditure is estimated at FCFA 4.621.000.0000 representing 47.40% while FCFA 5.128.000.000 representing 52.60% is earmarked for investment.
                Priority investment projects will include land acquisition for the Down Beach project, construction of an ultra modern market, works and development, continuation of partnership with HYSACAM amongst other projects contained in the LCC 2019 Action Plan.

                The GD stated that the budget will be gotten from government support and taxes collection. He therefore called on the population to corporate with the council in the process so that the municipality keeps its development momentum.
                To the GD, their Action Plan for 2019 just like in preceding years shows their unreserved commitment in transforming the municipality despite some challenges. "Most of the items in the 2019 Action plan have been carried over from 2018 and most of the on-going projects will be terminated in 2019," the GD said.
                He added that most of the projects were part of the council's plan to make the muncipality ready for the 2019 AFCON. He equally talk of the Ongoing Anglophone Crisis which to him is hindering development and destroying lives. He urged those who have taken up arms to drop them and give peace a chance.
                On his part, the SDO for Fako Engamba Emmanuel Ledoux congrated the senior councilors for a fruitful session and urged them to get to work immediately so as to achieve their goals for 2019. He said the councilors need to be creative in raising money for the municipality because the present situation in the Anglophone regions makes revenue collection difficult due to financial constraints. He called on the council to makes sure project that have to do with AFCON are ready on the deal day and also make sure up coming local elections goes on hitch free. The SDO equally applauded the efforts by the population to shun act of violence in the town and pleeaded with them to remain united so as to overcome the insecurity challenges.
                After debate of deliberations presented, the budget was unanimously adopted by the Councilors and several resolutions taken amongst which is the implementation of an insurance policy for senior councilors. A motion of support was equally addressed to the head of state president Paul Biya for his good stewardship.
                Andrew Motanga thanked the councilors, LCC partners, stakeholders, business men and women who stood by the council in their onerous journey of transforming the municipality. He equally thanked the population for not engaging in violence and urged them to continue being safe and patriotic by not respecting the calls of Ghost Town.


No comments:

Post a Comment