Frulac S.A

2. SECONDARY OBJECTIVES:

i. Promotion and creation of agro industries

ii. Providing necessary capacities and setting up networks for all actors within the value chain

iii. Development of production zones, transformation and processing areas, to improve the lives and living conditions of populations around these poles.

iv. The production of employment and reduction of rural exodus through the creation of intra-sector job opportunities.

v. Mastery of financial and marketing circuits. Identification of pre-financing possibilities and access to the export markets. Reduction and substitution of imported food items within the sector by facilitating local production of conventional food items currently imported.

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I. PROJECT JUSTIFICATION

At least 80% of our informal sector is the agric sector, which in fact accounts for the private sector. Despite the diversity in Cameroon’s geo – climatic configuration, and her agricultural potential, Cameroon’s agric sector is undeveloped, plagued and handicapped by static colonial policies and programmes. There is therefore need for a revolution, a complete overhauling of existent policies and programmes. Current programmes, designed over a century ago where intended to provide cheap production, and assure the exportation of crops in their raw state! Infrastructures, financial and marketing options all favour exportation of raw crops, thus transferring industrialization and the creation of jobs abroad. It is only within the value chain that profit and wealth are created. Crop prices are determined and imposed by multinationals who indirectly own plantations and related infrastructures. Our private sector is the informal sector, the small holder of less than ½ ha (0.5 ha), the small scale farmer forced to subsistence farming on hill sides, the village woman! There are no farm to village roads, no pre financing options for farmers. (The hundreds of micro finance institutions created everywhere to serve this purpose, gradually develop into commercial banks, and then go bankrupt) Our educational system is not designed to prepare the youths for the current job markets, or current challenges (in agriculture or food technology). Our syllabuses are imported while education is mostly theoretical and diploma oriented. The head of state’s entourage are either non-patriotic or lack the ability to help him assure fruition of his visions. There is wide scale corruption, tribalism and nepotism.

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PUTTING THE POOR FARMER IN THE CENTER, THIS PROGRAMME IS DESIGNED TO ALLEVIATE POVERTY BY PROVIDING MORE OPTIONS FOR THE FARMER TO EARN MORE MONEY, WHY NOT DOUBLE HIS INCOME! THIS IS QUITE POSSIBLE! THE PROMOTERS OF THIS PROJECT, TAKING INTO CONSIDERATION CURRENT BOTTLE NECKS AND CHALLENGES, HAVE DESIGNED A PROGRAMME THAT IS GUARANTEED TO WORK. NO MODEL OR SOLUTION, INTRODUCED IN THIS PROJECT IS ORIGINAL OR INVENTED. WE HAVE SIMPLY COPIED GOOD MODELS AND SOLUTIONS FROM OTHER DEVELOPED ECONOMIES, WHICH WE HAVE SUCCESSFULLY TRIED, TESTED, VALIDATED AND ADAPTED.