September 30, 2019
Dauda Deen Koroma (Intern)
Director of Finance at the Sierra Leone Produce Monitoring Board (PMB) Didan Sankoh, has requested seven billion eight hundred million Leones to enable them undertake their annual activities and implement their strategic plan in the Financial Year 2020, but the Ministry of Finance has approved to allocate Le601 million to them.
The director was speaking yesterday at the 2020 budget consultative meeting at the Miatta Conference centre on the theme “Fiscal Consolidation for Job Creation and Human Capital Development”.
“As part of our mandate, we are also a revenue generating agency that collects 2.5% of every produce that goes out of the country. We were set up in 2013 by an Act of Parliament and per that Act, our major mandate is to promote and regulate the pro- production in processing and marketing of product,” he explained.
He stated that the agency has projected to generate Le14 billion in 2020, which outweighs what they have requested to undertake their activities.
He said they were constantly called on the Government of Sierra Leone to repeal the Producer Regulatory Act of 1974 CAP 185, which he believes would help the agency to be effective in the pursuit of their daily activities across the country.
He noted that the repeal was one of the challenges that have led the agency to owe NASSIT Le159 million, in which a court summon letter has already been submitted to them.
He said the agency would focus mainly on four cash crops at the moment but as time progresses they would embark on the others.