Guadalcanal Plains Palm Oil Limited (GPPOL) has given greenlight to Guadalcanal Provincial Government (GPG) to resume the budget support that the company normally injected to the Province’s budget.
The budget support of $750,000 per annum was suspended last year following reports of funds abuse and misappropriation.
But this week GPPOL’s management have assured a GPG’s visiting delegation led by Premier Bartholomew Vavanga, that the budget support will be resumed.
According to one of the members of the GPG’s delegation and deputy premier, Rolland Seleso, under the new arrangement the company will spearhead the disbursement of the funds based on development plans of the province.
Seleso said, the Province will now have to devise a workable development plan that is based on realistic goals and objectives so that funds are utilised in an appropriate manner.
“A wide consultation will be made to ensure that the development plan is in the best interest of every members of the Provincial Assembly and such will make the support more meaningful and realistic,” Seleso added.
Seleso said that the new executive under Vavanga’s leadership has acknowledged that the funds were being abused during the previously Panga led executive.
“As the new executive, we are committed to utilise the funds within the parameters of the agreement that we’ve signed and agreed upon with the company,” Seleso stated.
The deputy premier also takes the opportunity to assure GPPOL’s management that the budget support will be utilised according to what is meant for.
Seleso further acknowledged GPPOL’s assistance and thank the company for having the confidence in the new executive under the leadership of Vavanga.
“We are committed to ensure that our relationship is one that is based on mutual trust and confidence,” Seleso concluded.