Structural Projects: Economic Growth Stimulus!

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Structural Projects: Economic Growth Stimulus!

23 sept. 2021 14:59

The government has set a clear objective to finalise the ongoing projects in order to fully reap the impending benefits.

Cameroon has in the past years been transformed into a vast worksite. This is because the government initiated several structural projects in the sectors of energy, water and road infrastructure. Though most of the projects are still on course, their contributions to the national economy are promising with trickle down effects already palpable. The Yaounde-Nsimalen motorway with works nearing completion, the Yaounde-Douala motorway whose first phase is already open for use, the Lom Pangar, Memve’ele dams and the Yaounde and its environs water project from Sanaga are some of the projects that will change the narrative upon completion.

Cognizant of the crucial role the various projects will have on the economy, government actions during the next few years is focused on completing the projects in order to fully reap from their fallouts. In defining the budget orientation for 2022 State budget, President Paul Biya’s circular of August 30, 2021highlighted priority areas amongst which is the completion of first generation projects. The first generation projects will be given priority as government wish to consolidate the economic growth dynamic by curbing the adverse effects of the COVID-19 pandemic. The action levers, the presidential circular holds, should primarily focus on the commissioning of major infrastructure projects. With the projected growth in the economy by 4.4 per cent in 2022, the first generation projects will play in crucial role in contributing to the growth.

Even the...