#StatehouseToday
At the state House today, President Barrow had a briefing with the Board of Directors and the Management team of the National Food Security, Processing, and Marketing Corporation (NFSPMC), formerly GGC, on the state of the corporation and its efforts to reform and revitalise it.
While welcoming and thanking the team for reviving the corporation, the President said his government had inherited the institution in a dire situation with wrongful termination and was costly to the government. “That money could have been used to recapitalise the Corporation.” He told the NFSPMC.
President Barrow praised NFSPMC for collaborating well with farmers, assured support, and suggested exploring innovative funding channels. He emphasised the need to add value to the main cash crop, groundnut, and stated his government’s commitment to supporting value addition and sustainable food security policies.
The Chairman, Seyfo Falalo Touray, informed the President that the Board is working to revive the Corporation with qualified staff. The Corporation, with government support, subsidized fertilizer for farmers and provided seeds.
The Managing Director, Muhammed Njie, reported on the progress made in reforming the Corporation, enhancing its governance and operations, completing the backlog of outstanding audits, submitting the report to the SOE Commission, advancing the processing plant, and exploring alternative energy sources and digitalisation.
The Agriculture Minister, Dr. Demba Sabally, assured NFSPMC that the government is committed to supporting it. He also revealed that the Cabinet has approved a Cooperative Policy that would guide the reforms.
