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President Biya’s Promise Of Economic Growth: A reality of Myth?

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Bank operational now in Akwa, Douala ! Coming soon in Buea, Limbe and Kumba [Cameroon]

While many have waited for an open television speech by President Paul Biya to further address the issues on ground in Cameroon, the president has recently not dared to appear on screen but made most of his declarations on Social media. July 15, 2017 the president revealed his plan to increase economic growth in Cameroon in the drafting of the 2018 State Budget. His prescription of a number of elements to optimize certain expenses has been received with mixed feelings across the national territory. 
Mr. Biya made mention of the fact that the 2018 budget must take into account the national and international economic climate and measures for promoting exclusive economic growth, creating jobs in order to improve the standard of living and wellbeing of Cameroonians. 

One is forced to anxiously wait for these talks to be made action. Would this be a myth or reality?

It is expedient to note that Cameroon has an employment rate of 30% while that of underemployment stands at 70%. CIA World Fact book reports show that Cameroons economy suffers from factors that often impact underdeveloped countries such as stagnant per capita income, a relative inequitable distribution of income, a top heavy civil service, endemic corruption, continuing inefficiencies of a large parastatal system in key sectors and a generally unfavorable climate for business enterprise. 

Since 1990, the government has embarked on IMF and World Bank projects designed to spur business investment and increase agricultural efficiency but the results of these actions have been seemingly low. At a time when more work than talk is needed, Cameroonians have a raised expectation to his every move. 

Note here that Cameroon devotes significant resources to several large infrastructures like the deep sea port in Kribi and Lom Pangar hydropower project and the government continues to seek foreign investment to improve inadequacies, create job and improve its economic footprints but its unfavorable business environment remains a significant deterrent to these foreign investment.  

Will President Biyas new economic policies his 2018 adoption budget satisfy the needs of the hungry Cameroonians? Would healing the economic situation restore an all-round stability and deter any occurrence of instability? These are questions which run through political minds as we keep hands crossed to his every move.  

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I am Arrey Bate Arrey I am a blogger, digital journalist, Online Marketing consultant & digital entrepreneur who has been featured on the BBC World Service, British Council and other international media. 6 years as a communicator, I am one of Cameroon's best digital communicators and listed among British Council's Top 100 Young Journalists Worldwide in 2019. My blog was nominated at Infinity Blog Awards USA among top 200 blogs from 3,000 submissions worldwide. With a deep knowledge of social media, I founded Arreyb Media, an online media in advertisement, digital branding and blogging with more that 100,000 monthly views on our website . I have built an insight driven online advertising and digital advertising skill serving 500+ brands and running even online presidential election campaigns. I have a deep insight-driven & customer-centered knowledge consulting and developing successful B2B and B2C go-to advertising/marketing ideas and was the first blogger to organize a national tour in Cameroon. The ARREYB Media national tour (ABNTour) was a series of 7 conferences held in 7 towns in Cameroon to train young entrepreneurs & media persons on digital branding and building a band, business or career via social media . Always smiling, I report as a journalist, consult as a media expert I am the founder of the AB Afrikpreneur Awards, an African award to celebrate entrepreneurial bodies & systems across Africa and the author of the book "How To Make Money, Build Right Relationships With Social Media" Through our media prowess, my team and I have been able to help several business owners, brands and institutions make more money and enjoy the beauty of business. I can do same for you ! I believe you have what it takes to change the world and live the life you’ve always wanted. The question is, are you ready to take your business or brand to the next level and start making more money ? I am one click away & anxious to help you []

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  • ArreyB says:

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  • Anonymous says:

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  • J Boy says:

    has this pa ever been serious? its time when we need more action than talk.Not speeches even.

    Cudos ARREYB, i love your updates and strong pen

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