President Lazarus Chakwera has imposed a maize subsidy in state-owned ADMARC as a way of cushioning Malawian poor against food inflation or other socio-economic shocks as a result of the COVID-19 pandemic.
The president said this in his COVID-19 weekly update to the nation last night at the Lilongwe State House.
“I have met with the Ministers of Agriculture and Finance to engage ADMARC in ensuring that the price of maize from ADMARC Depots is subsidized this season,” said the president.
He acknowledged that although this may
incur financial losses on the part of government, it will ensure that those who are losing income-generating activities under the current pandemic conditions and state of national disaster are guaranteed food at an
Said the president:
This will also protect them from predators in the private sector who are bent on exploiting the pandemic for profit when they should be following the example of other companies who have answered my call for donations in view of their corporate social responsibility.
The president has since expressed appreciation to citizen-led initiatives that have led to the mobilisation of millions of funds to help in the fight against the pandemic.
“I have therefore directed Dr. (John) Phuka to contact all such initiatives to enhance coordination in the
operations, eliminate redundancies and bottlenecks in the procurement of supplies, and enforce accountability in the storage and usage of the supplies by our health facilities,” said the Malawi leader.