The President of Cameroon Paul Biya, signed a circular on Monday August 30, which will define the major operations of the 2022 financial year in the country.
This targets the 2030 development strategy through which the president wants to ensure that there is more focus on activities like transformation or processing of local products to create more wealth and jobs in the country.
It will also help the government in allocating funds for the completion of major structural projects of the first generation, the reinforcement of social cohesion and decentralization as well as the reconstruction of regions affected by security challenges, notably the Northwest, Southwest and Far North regions.
With the hope that Cameroon successfully hosts the 2021 AFCON, the Head of State in his circular, has called on the government to have the organization of the continental event included in the 2022 state budget.
One of the objectives is also to develop the country’s import substitution programme as well as carry out an exhaustive evaluation of Cameroon’s internal debts which will make it possible for such debts to be systematically cleared.