Togo: Corn, rice, vegetables and poultry are now MIFA’s top-priority sectors

Agriculture

Monday, 11 February 2019 14:31

Togo: Corn, rice, vegetables and poultry are now MIFA’s top-priority sectors

(Togo First) - Togo’s mechanism promoting agricultural financing (MIFA) will, starting this year, focus primarily on the sectors of corn, rice, vegetables and poultry production.

This was revealed last Thursday, on the sidelines of a ceremony for the signing of a financing convention for the mechanism, between Togo and the International Fund for Agricultural Development (IFAD).

On this occasion, Togo was represented by its ministers of finance and agriculture, respectively Sani Yaya and Noel Koutéra Bataka. The IFAD was for its part represented by its regional director for West and Central Africa, Martin Lisandro.

The IFAD’s financing “will first focus on structuring” the four key sectors mentionned above, says Martin Lisandro. These sectors, according to him, have a “great potential in terms of job creation for women and youths, wealth creation, improvement of food safety and nutrition, in addition to contributing to adaptation to climate change”.

In this regard, Togo’s minister of economy and finance added that the MIFA would “cover all regions of the country”, both in the four sectors concerned and others, such as sesame and cassava.

Let’s recall that the pilot stage of the scheme lasted six months and produced encouraging results, according to authorities. Hence, the MIFA has been institutionalized to get more results.

Ayi Renaud Dossavi

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