MIPROMALO board hails management for improved performance.

The meeting was to examine and adopt the 2023 accounts of the institution. 

The President of the Board of Directors of MIPROMALO, Dr Doube Maurice, talking to the press after the opening of the session, said: “This ordinary session is an accounts session. As usual, we are here to discuss two things: production and training”.

“We have two types of training; training of researchers and training of people to produce and to know how to use local material. Our main objective is first to train, because training goes with letting the public know what we can do and are capable of doing, and then production, which comes after training,” he said.

The president of the Board of Director continued that: “To the best of my knowledge, we have made a lot of improvement on these aspects, because we are now training many more people. When you look around in our towns, many people are building with local materials. If we consider production cost, we are making more money than we used to. I think this is a very good improvement. I will like to congratulate the General Manager and the whole team”.

“We still have some little problems though not very important because if we have to improve and to hire, we must have some money; a little bit of money because we have been told that normally, we needed something like 1.5 billion FCFA francs, which we did not get as a result of lack of finances, at our level and even the national level,” Dr Doube said.

73.0% budget realisation

Meanwhile, speaking earlier during the opening of the session, the General Manager of MIPROMALO, Dr Likiby Boubakar, presenting a summary of the 2023 administrative account, disclosed that the 2023 budget recorded 73.0% realisation.

“MIPROMALO’s 2023 budget, initially approved during the budget session of 27 December 2022, with revenue and expenditure amounted to three billion four hundred and seventy-two million one hundred and forty-seven thousand eight hundred and thirty-seven (3,472,147,837) CFA francs. This budget was revised during the account session on 30 June 2023, to three billion, six hundred and two million four hundred and forty thousand two hundred and forty-eight (3,602,440,248) CFA francs,” he said.

“In terms of revenue, excluding the investment income expected from import-substitution amounting to 1,500,000,000 CFA francs, the total forecast was 2,102,440,248 CFA francs. The resources mobilised for the 2023 fiscal year amounted to 1,534,474,764 CFA francs, achieving a realisation rate of 73.0%,” Dr Likiby disclosed.

Talking about expenditure, he said: “…based on the same forecast, the executed expenditure for the 2023 fiscal year was 1,367,398,326 CFA francs, reflecting an execution rate of 65.0% in terms of relative value. The above-mentioned resources for the year 2023, which amounted to 1,534,474,764 CFA francs, were divided in to two parts: operational and investment resources”.

As per operational resources, he noted that “considering a forecast of 1,789,202,802 CFA francs, 1,278,203,931 CFA francs was recovered, achieving a realisation rate of 71.4% instead of 64.8%, which was achieved the previous year”.

This performance, Dr Likiby affirmed, was due to the increase in the revenue recorded at MIPROMALO’s Nkolbisson Semi-Industrial Unit and the increased in operating subsidy granted by the Ministry of Finance.

He added that: “Regarding the investment resources, from an initial forecast of 1,813,237,446 CFA francs, the investment resources mobilised amounted to 256,270,833 CFA francs. Excluding the 1,500,000,000 CFA francs expected from import-substitution policy, the realisation rate stands at 81.8%”.

Increased partnerships 

Meanwhile, the MIPROMALO General Manager, disclosed that the 2023 fiscal year was marked by an increase in the number of partnership agreements signed for the benefit of third parties and the continued optimisation of production tools. 

“Consequently, revenue from third party projects increased from 157,576,069 CFA francs in 2022 to 177,564,288 CFA francs in 2023. Similarly, revenue from the Nkolbisson Semi-Industrial Unit rose from 77,944,403 CFA francs in 2022 to 127,789,944 CFA francs in 2023,” he said. 

Dr Likiby noted that “the Directorate General is committed to continuous implementation of measures aimed at boosting the performance of MIPROMALO’s production units”.

This story was first published in The Guardian Post Issue No:3159 of Friday July 5, 2024