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Cameroon – Economy: After the incident on the National No. 3, the state loses tens of billions FCFA

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Written by Deckson N.

This because of the paralyzed traffic and shy money collection  for road toll gates last weekend.

Friday, October 21, 2016, dubbed “Black Friday” is also for the Cameroonian economy, both the public and private sectors. According to the daily Le Messager of Monday, October 24, 2016, because of the paralyzed traffic between Douala and Yaounde on the National No. 3, the state saves tens of billions of FCFA losses.

Early indications are relayed by collection agents of tolls of this road. Without going into details of numbers, they just said that “the state has lost much,” as said in the newspaper. However, it must be stressed that during a day like last Friday, a dozen cars were recorded per minute at a tollgate. Which on average, according to an economist could produce just over seven million FCFA in revenue, more than 21 million CFA francs for the three toll gates that are on this axis.

Moreover, the incident at Matomb also worked against the Cameroonian economy, especially on internal trade. Indeed, it was impossible on that day to move goods in either city, through this axis. This as in the areas of agribusiness and industry, household appliances, automobile and other cargo products to serve the market. So these are tens of millions of FCFA stuck between Yaounde and Douala, we can read in the newspaper.

Also, in terms of collateral damage, the costs of temporary works and final works on this road will swallow for their part, several billion CFA francs.

About the author

Deckson N.

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