The budget of the Local Materials Promotion Authority, MIPROMALO, for the 2010 financial year stands at FCFA 1, 368,500, 000. This was adopted by board members of MIPROMALO during their board meeting that took place at the headquarters of MIPROMALO in Yaounde last January 8, 2010.
With this budget the director said, MIPROMALO envisages amongst other actions for 2010 to foster partnership with the Ministry of Urban Development and Housing in the construction of some 10,000 low-cost houses around the country; reinforcing training of personnel; recruitment of researchers and award of labour medals to meritorious workers.
Meantime the Board Chair of MIPROMALO, Justin Njomatchoua, on his part, hailed the collaboration in 2009 which led to diverse successes witnessed by the institution including the FCFA 20 million scientific research competition prize. He said MIPROMALO would continue to carryout its mission in line with the policies defined by President Paul Biya.
It should be noted that that a budget of FCFA 891, 500, 000 was voted by the board members but because some finances for the institution were disbursed at the end of 2009, it has augmented the budget for 2010 to FCFA 1,368, 500, 000
By Ndi Eugene Ndi