Togo Budgets CFA13billion On Food Security Projects For 2024
The government of Togo plans to spend CFA13billion this year on food security and resilience projects. The forecast, the same as in 2023, equals 25% of the budget allocated to the Ministry of Agriculture for 2024–CFA52 billion.
In detail, Lomé will pump the money into projects that fight hunger, bolster food security, improve nutrition, and foster sustainable farming.
These projects fall under the Ministry’s 2024-2030 food security strategy. The latter was greenlit last July.
Part of the funds will also be used to transform the country’s food systems, in line with the government’s 2020-2025 roadmap.
The National Food Security Agency (ANSAT) should also get part of the money.
The Agency will invest some in its grain storage and purchase strategy and use the rest to pre-finance farmers.
In line with its goal to have Togo achieve food self-sufficiency, the government encourages farmers to produce enough to meet the local demand.
Last year, on January 30, President Faure Gnassingbe declared: “We must feed ourselves, make a living from our agricultural activities, provide for ourselves and our families to better invest in the country’s economic development.”
The Head of State issued this statement in Tsévié, at the end of the FOPAT, a forum that regrouped the country’s farmers.