RE-ELECTED PRESIDENT ON THE WALL: ACCELERATING ECONOMIC GROWTH AND PRESERVATION OF PEACE AND NATIONAL UNITY

cameroondailyjournal.com|Paul Biya was re-elected for the seventh time as President of the Republic of Cameroon with 71.28% of the vote on October 7th. He therefore retains the reins of a country he has governed continuously since November 6, 1982, and whose state of affairs is far from brilliant despite commitments constantly renewed since the presidential election of 1992camer.be.

RE-ELECTED PRESIDENTON THE WALL: ACCELERATING ECONOMIC GROWTH AND PRESERVATION OF PEACE AND NATIONAL UNITY
RE-ELECTED PRESIDENTON THE WALL: ACCELERATING ECONOMIC GROWTH AND PRESERVATION OF PEACE AND NATIONAL UNITY

There has certainly been more investment in significant infrastructure in fields as diverse as energy, water, telecommunications, transport, etc., over the last seven years. But their socio-economic impact remains disproportionately low.



A study published two years ago by the local coordination of the United Nations system reveals that more than 37% of Cameroon’s population, more than 8 million people, still live below the poverty line (with less than 1.90 dollars per day, about 1000 FCFA). The fourth Cameroon Household Survey (Ecam 4) conducted by the National Institute of Statistics (Ins) and published last year, it establishes that between 2001 and 2014, the incidence of poverty has declined than 2.7 points, from 40.2% to 37.5%. “According to the subjective approach, which reflects the perception that each individual has of his own situation compared to others, 56.8% of heads of household consider themselves poor or very poor,” the survey notes. Which draws attention to “the worsening inequalities that



Security expenditure

Another neuralgic area weakly impacted by the government’s structural projects is the employment sector. Statistics from the Interregional Grouping of Cameroon (Gicam), which date from 2015, show that out of 10.3 million workers in Cameroon, only 9.5% (more than one million young graduates) are employed in the formal sector, 3.7% in the formal private sector and 25.8% in the formal public sector. One of the fundamental reasons for this state of affairs is that the government uses foreign expertise to carry out its infrastructure projects because it does not have sufficient domestic labor. The re-election of Paul Biya comes just a few months after the end of the implementation of the Growth and Employment Strategy Paper (Dsce).



Clear and crisp information This document, intended to serve as a compass for government action between 2010-2020, predicted GDP growth of at least 10% by the end of the year. But in the current state of things, Cameroon is struggling to reach 5% – the International Monetary Fund (IMF) is planning a rise to 4% this year, after 3.8% in 2017. It is at the idea that there were headwinds, including the security crisis in the Far North, the East and today in the North West and South West, which increased security spending tenfold, and the plummeting prices of commodities. But after 36 years of a power deeply worked by inertia, nepotism and corruption,
Corruption

If one sticks to his profession of faith as a candidate for his own succession, Paul Biya has the will of the world to make Cameroon an emerging country by stimulating its economic and social development, “in order to allow [his] compatriots live in a prosperous and stable country whose current and future generations will be proud.



“I pledge to strengthen the fight against corruption and the misappropriation of public goods, as well as the moralization of behavior; I pledge to continue the structural transformation of our economy as well as its diversification and increased productivity; I commit myself to accelerate the realization of second-generation structuring projects; I pledge to accelerate the advent of second-generation agriculture through the facilitation of access to credit and the development of agricultural value chains; I pledge to protect subsistence agriculture; I commit myself to develop the rational and sustainable exploitation of the resources of our soil and subsoil; I am committed to developing local processing industries of our raw materials while respecting the environment; I pledge to promote livestock farming and to ensure a rational organization of the “blue economy” through better control of fishing and appropriate exploitation of fisheries resources; (…) “swears the head of state.



I commit myself to develop the rational and sustainable exploitation of the resources of our soil and subsoil; I am committed to developing local processing industries of our raw materials while respecting the environment; I pledge to promote livestock farming and to ensure a rational organization of the “blue economy” through better control of fishing and appropriate exploitation of fisheries resources; (…) “swears the head of state.

I commit myself to develop the rational and sustainable exploitation of the resources of our soil and subsoil; I am committed to developing local processing industries of our raw materials while respecting the environment; I pledge to promote livestock farming and to ensure a rational organization of the “blue economy” through better control of fishing and appropriate exploitation of fisheries resources; (…) “swears the head of state.




Who also promises to continue, by accelerating, the development of land, rail, air and river infrastructure in a complementary approach. It also ensures that it will enhance incentives for domestic and foreign private investment, while at the same time promising greater support for SMEs and PMIs in a variety of efficient forms, and so on. Beyond purely economic and social concerns, which must first and foremost be marked by the finalization of the infrastructure projects started in the last seven years and the commissioning of those completed, one The major challenges of the seven-year opening are the preservation of national unity.

The socio-political crisis in the North-West and South-West is seriously questioning it. And as long as peace does not return to these two regions, the country will hardly pursue its development projects. In northeastern Nigeria, the Boko Haram terrorist sect appears to be gaining momentum. It multiplies attacks on military bases, which allow him to renew his arsenal. Cameroon will have to redouble vigilance at its border with the “big neighbor”.




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