The government has allocated N$77 million to Agribank to support farmers whose operations have been severely impacted by ongoing drought conditions. This funding is part of a broader drought assistance initiative aimed at ensuring the sustainability of the agricultural sector.
The allocation was disclosed in a parliamentary report on drought relief and the Financial Institutions and Market Act (FIMA), presented by the Parliamentary Standing Committee on Budget and Finance last week. The funding was originally announced by the Minister of Finance and Public Enterprises, Iipumbu Shiimi, during his Mid-Term Budget statement last year.
According to the Chairperson of the Committee, Phillipus Katamelo, the allocation underscores the government’s commitment to protecting the livelihoods of farmers and the broader population. “This is a clear demonstration of the government’s intention to safeguard the livelihood of the nation in an inclusive manner, staying true to the principles of equality and justice,” Katamelo stated.
Katamelo further explained that the government, along with relevant agencies, has rolled out various initiatives in response to the recent droughts. However, he emphasized the need for a more structured approach to managing droughts in the future. He noted that Parliament has recommended the development of a comprehensive drought policy within the next 90 days. “Since there is currently no policy on drought, a comprehensive strategy must be developed by the Ministry of Agriculture and the Ministry of Finance, in consultation with all stakeholders, including Parliament,” Katamelo said.
The move to allocate funds to Agribank highlights the government’s ongoing efforts to address the immediate needs of farmers and bolster the agricultural sector, which has faced challenges due to persistent drought conditions. This financial aid is expected to ease the burden on affected farmers, providing them with the necessary resources to continue their operations and ensure food security for the nation.
Despite this, Katamelo submitted that the conditions tied to the Agribank relief scheme are inconsistent with the principles of equality and justice. This is demonstrated by other institutions, such as the Bank of Namibia and the Ministry of Agriculture, which have rolled out similar schemes without such restrictive conditions. Moreover, he said this inconsistency also runs counter to the founding principles enshrined in the Constitution of Namibia, which calls for fairness and equal opportunity for all citizens.
*Agribank Technical Advisor: Crops and Poultry
