Thu, Feb 22, 2024

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LEGISLATORS QUESTION FUNDING FOR COTTON CO

LEGISLATORS QUESTION FUNDING FOR COTTON CO

By UTN Reporter

Members of Parliament on the Committee of Agriculture have questioned the supplementary expenditure of Shs2 billion by the Cotton Development Company (CDO) on transport rebate for Fine Spinners Cotton Company Limited. 

The Legislators on the Committee of Agriculture expressed disappointment with the decision of CDO to request for the Shs2 billion shillings to Fine Spinners under the Buffer Stock Revolving Fund, without considering Southern Range Nyanza which is also a beneficiary of the same fund. 

 The committee was receiving a justification from CDO for the supplementary expenditure of Shs9.5 billion in the 2022/2023 financial year under the Buffer Stock Revolving Fund.

 William Wegowachi he CDO Board Secretary said that Fine Spiners requested for the transport

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