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Former Malawi Finance Minister Felix Mlusu faulted for ADMARC’s failure

former finance minister Felix Mlusu

By Dorica Mtenje

LILONGWE-(MaraviPost)-The Parliamentary cluster committees on Agriculture, Natural resources and Climate change have condemned former finance Minister Felix Mlusu for being behind Agricultural Development Marketing Corporation (ADMARC)’s failure.

Chairperson for the parliamentary committee on Agriculture Sameer Suleiman disclosed this on Tuesday, February 22, 2022 at Parliament building during a meeting involving officials from ADMARC and stakeholders in agricultural sector.

Suleiman said the minister failed to rescue ADMARC from debts that have lead the institution to be in a deep mess.

“The former Minister was useless and had no use to the development of ADMARC as the corporation is just working for the benefits of commercial Banks as they are the ones profiting,” Suleiman said.

In his remarks ADMARC,Chief Executive Officer, Rhino Chimphiko said the corporation is in need of MK48 million to purchase maize and other commercial crops.

Chiphiko said the corporation struggled to purchase maize last year as they had inadequate funding.

Meanwhile Chiphiko has disclosed that government owed the corporation MK23 billion which is also one of the factors that prohibit ADMARC to operate well.

In the 2022/23 financial budget,the ministry of Agriculture was allocated about MK284 billion for the enhancement of the agricultural productivity as well as achieve permanent food security in the country.

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