The Conference on the National Agriculture Investment Plan (PNIA) organised by the Ministry of Agriculture in Cameroon has closed with an allocation of 1,330 billion Central African Francs (CFA) (about 2 billion euro).
The PNIA is a plan launched by the government of Cameroon to foster the development of second-generation agriculture with an overall investment of 3,700 billion CFA (over 5 billion euro) for the 2014-2020 period. Of this, some 2,000 billion come from international donors (European Union, France and international banks) and 1,400 billion from the national budget. The PNIA’s goal is to modernise agriculture by following four main lines of action. These are: the development of production and improvement of food security; infrastructure modernisation; the management and enhancement of national resources; and governance and institutional development.
A key feature of the PNIA is the involvement of the private sector which, through local banks and micro-finance institutions, helps finance the programme. Agriculture is viewed as one the sectors with the greatest development potential in Cameroon, with a growth rate of 4% over the last five years. It contributes 21.3% to the country’s GDP.