The Tiko Council and administrators have been called upon to fully exploit the revenue making avenues in the newly constructed Mutengene market. This call was made recently by Ebako Makia, an investor who
has collaborated with some councils in development initiatives using the Build Operate and Transfer BOT approach. He was speaking recently during a press chat that held in Limbe.
In an upfront manner the investor said "My only worry with the Tiko
Council is that they do not seem to know what will benefit the council.The Council is not projecting the idea of revenue making from that
market. They think that the market is a rural market but it isn't. They have not yet realised that the market is one of the main source of revenue for the council. Until they realise that markets are one
of the biggest instrument for the generation of income, only then will they pay attention to the Mutengene Market. Kumba is growing today
because of the Kumba Market, the Fiango market and markets of the peripheries."
Insisting that the Mutengene Market is an urban market, Ebako Makia further explained that he personally fought that they should make it a daily market. Reality on the ground is reflecting that the market is not
daily. Efforts to make the market a daily one have failed because Mutengene is not a commercial town but a farming town and most of its residents are people who have retired from CDC and Delmonte and
believe only in farming.
Secondly, the market would have grown if the administrative aspects were being well handled. He said the administration doesn't seem to
see the risks involved in allowing traders to leave stores and sell near the high way. The history of the area shows that accidents constantly claim lives on road sides. The council he further said
should take the responsibility of sending every body back into the market.
He called on the Divisional Officer of Tiko not to sit on his laurels and wait until there is a ghastly motor accident before springing into action. People who had bought stores are leaving them and coming to
the road side because they think that the people by the road side are selling more than those in the stores. "The Council administration
should pay more attention to their markets and develop them. If they develop the market, they will be one of the richest councils. At the present pace I wonder if I will be capable of recovering the money I put in that project."
The sponsor explained that he had invested more
than 200 millions FCFA in the market but that the best he was expecting was something in the neighbourhood of 100 million FCFA.
.
In a retrospective manner, he said personnel from the Tiko Council had visited his Build Operate and Transfer projects that he had realised in Kumba and had fallen in love with it. His main worry
however is that the implementation in Tiko has not been as successful as in Kumba. The Tiko Council he explained reached him through the erstwhile Government Delegate to the Kumba City Council, Calvin Noko
Mbele. What had caught the attention of the Tiko Council were the projects that had been realised under Calvin Noko Mbele without the support of FEICOM.
This fact finding mission from the Tiko Council resulted in his carrying out BOT Projects in Tiko by the construction of the Mutengene Market., Ebako Mutanga further intimated that he was eventually
invited to lecture the Tiko Council staff on Built Operate and Transfer, BOT. In this chain, he explained,it is the contractor who
builds and the people who pay the contractor operate while the council now comes in as the guarantor ensuring that people's money will not be lost. These people who pay money to the contractor include stake
holders who are prepared to take over stores. Transfer he explained involves the transfer of the project to the owner of the land which in this case is the Tiko Council. He explained
that in the case of the Mutengene Market, it was an agreement between the
stakeholders, the council and even the contractor that a store is given at FCFA 2 million. The stakeholder has to acquire his money
because he has built on council plot. For stakeholders to acquire their money, calculations have to be made to ascertain how much time it will take for the money to be collected. After all of this, the ownership goes
back to the landlord who happens to be the Tiko Council.
When this reporter caught up with the Mayor of the Tiko Council under whose jurisdiction the Tiko Market falls and who is also the landlord of same, he declared that the revenue creating avenues of the market in question were in no way under exploited."The normal 2000 FCFA collection that is taken from each trader has always been the norm and there is no good reason for that to change at the moment" he explained.
He further explained that Ebako Makia had on his part bridged some of the clauses guiding the agreement on which the Mutengene market was built and that when such a situation occurs, no one would expect things to move the way they would normally have done.