Since its inception in the state in 2009, World Bank funded project, Fadama, has paid a minimum of N48 million income tax into the coffers of the Cross River State Government. Project Coordinator in the state, Mr Bassey Elemi revealed this in Calabar in an interview, stating that the state is currently implementing Fadama III. This N48 million was generated from beneficiaries of the project through their various produce but Elemi is optimistic that the revenue would increase when more beneficiaries begin to harvest their crops. "Fadama III became the first project in the state to generate revenue for the state. We have so far generated N48 million MIT from the beneficiaries," he said. He explained that the state government decided to tax the beneficiaries because since they were engaged in meaningful employment, they ought to pay back part of their income to the government. In the last four years, the coordinator disclosed that N1.1 billion has been disbursed to 114 Fadama Community Associations (FCAs), for various projects including pig farming, fishing farming, crop production, including rice, cassava and cocoa. Within the period also, Elemi said the beneficiaries saved a total of N21.75 million in their Fadama User Equity Fund (FUEF) account which is meant for the sustainability of the project. Fadama III, he maintained, has contributed to the success of Federal Government's Growth Enhancement Scheme (GES) in the state by mobilising farmers to participate, especially in the e-wallet fertilizer distribution system. Fielding questions from the press, leader of the coalition of Non-Governmental Organisations (NGOs), which monitored some fadama projects across the state, Mr. David Alobi, commended the state implementation office. He however identified some areas that needed improvements to include stronger monitoring and evaluation; integration of agricultural extension and veterinary services and structural design and branding of the fadama projects. He equally called for proper feasibility studies to be carried out before projects are executed to avoid the recurring incidence of abandonment.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Koch Brothers Step up Anti-Obamacare Campaign
- U.S. Consumer Sentiment Falls in Early March
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Vybz Kartel Convicted of Murder