THIS IS HOW OIL AND SNH WAS MANAGED UNDER AHIDJO CONTRARY TO BIYA PAUL

THIS IS HOW OIL AND SNH WAS MANAGED UNDER AHIDJO CONTRARY TO BIYA PAUL

N Melo
by N Melo
June 2, 2022 0

THIS IS HOW OIL AND SNH WAS MANAGED UNDER AHIDJO CONTRARY TO BIYA PAUL

Ahidjo left Paul Biya a Cameroon with a prosperous economy
Before leaving office, President Ahidjo left Paul Biya a Cameroon with a prosperous economy and a balanced budget. Oil was one of the secret weapons of Cameroon’s first president. Ahidjo refused to intervene directly in the management of this windfall. He also refused to allow oil-related negotiations to be made by the sole Director General of SNH.

“One person should not negotiate the sale of oil. I have nothing against the Director General who has my confidence. But I repeat that he should not be alone with his collaborators to negotiate the price of oil placement. You will form a committee of three people that you will chair and that will examine the different offers and award the contracts to the highest bidders. The decision of the committee will be immediately notified to the beneficiary,” he said.
CameroonWeb offers some excerpts from the work “Ahidjo and the logic of power” by Samuel Eboua explains how Ahidjo used oil to save the national economy.

Like other public contracts, Ahidjo never interfered with the sale of oil. But he was constantly interested in the situation of SNH’s accounts and in particular in the revenue provisions during a given period. He would therefore constantly call the Director General of SNH or the cabinet attaché, a statistical engineer and economist, Claude Tchépannou, who monitored oil revenue forecasts on behalf of the Presidency of the Republic, to give him an update on the accounts.

Indeed, the state budget was increasingly balanced thanks to the resources provided by the sale of oil. But Ahidjo did not want these new resources to demobilize the population. Before oil,” he said, “there was agriculture. After oil, there will be agriculture. It was therefore necessary to observe a certain discretion on everything related to oil, so much so that with the agreement of the National Assembly, he instituted two budgets: the normal state budget voted by the National Assembly, where only a tiny allocation of resources from the sale of oil appeared, and a special budget fed by resources from the credit balances of state companies.

The only state-owned company with a credit balance was SNH. Only once did the Caisse Nationale de prévoyance sociale come to the rescue of the public treasury, but in the form of repayable advances.

N Melo
NM
Leave a Reply

Your email address will not be published.

Enable Notifications OK No thanks