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Sierra Leone Business: PMB generates over Le.2b in 3 months

Major reforms at the Produce Monitoring Board (PMB) over the last months have seen the sector from October to December 2018 generate revenue for the government – Le. 2,674,733,934 as compared to 3,033,144,411, that which was generated between January to September this year. The Executive Chair of the Produce Monitoring Board (PMB), James Vibbi, said since he took up office in October to date himself and team the revenue so-far generated accounts for 88.1% of total revenue generated over the year. This was as a result of major engagements with key players especially the private sector including Air France to support to the produce sector. Despite the fact that revenue collection agencies are faced with challenges, the Chair of PMB noted that they have been able to streamline their revenue collection efforts thereby leveraging on experience learnt from the National Revenue Authority (NRA) to optimize their revenue collection efforts. An Act of Parliament established the Produce Monitoring Board in November 2013 but as provided for in Part III, Sections 1 and 2, the Act mandates the board with oversight of the Ministry of Trade and Industry to promote, regulate, monitor and evaluate the production, processing and marketing of high quality produce for local and International markets with a view to optimizing the income level of farmers and other members of the produce value chain. Morie Kpandeh is chair of Molehma Cocoa Farmers Cooperative in Bunumbu. He said because the board is currently working with cooperatives across the country on how to forestall smuggling of produce across the borders and the Water Quay, they as farmers have starts realizing appreciable revenue from their farms. He said cooperatives were finding it difficult to sustain because of funds until after Ebola and certain reforms that saw intervention of key players in the agricultural sector especially towards boasting the cocoa production, processing and exporting. He said their membership and revenue base had increased considerably hence urged for more investments to the sector.

MK/15/12/18

By Mohamed Kabba

Twitter: @chikakabba

Monday December 17, 2018.

 

 

 

 

 

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