Friday, May 10, 2019

GOOD NEWS: Bukidnon's Poverty Incidence Reduced by 20% After Three Years

Good News: Bukidnon's Poverty Incidence Reduced by 20% After Three Years
Bukidnon is no longer one of the top 10 provinces in the country with the highest poverty incidence
Bukidnon's Poverty Incidence Reduced by 20% After Three Years
Bukidnon is no longer one of the top 10 provinces in the country with the highest poverty incidence
BY KEN TERRADO
Northern Mindanao's landlocked province, considered as the food basket of the region, managed to pull itself out from top 10 provinces in the country with the highest poverty incidence.

Bukidnon made the giant leap from 54.13% poverty incidence (2015) down to 32.05% poverty incidence recorded last first semester of 2018. With the recent figures, Bukidnon is no longer one of the top 10 provinces in the country with the highest poverty incidence.

Bukidnon has 20 municipalities and 2 cities, Malaybalay and Valencia. Bearing a land area of 829,378 hectares, it is the largest province in Northern Mindanao and the eighth largest in the country.

According to a study by Beethoven Morales of Research Institute for Mindanao Culture in Xavier University, "The incidence of poverty is high because Bukidnon is largely dependent on traditional forms of agriculture where incomes are substantially low. "

There are several anti-poverty programs run by the government to reduce poverty incidence. In the first quarter of 2018, the provincial government laid out at least P300 million for livelihood projects. Provincial board member Nemesio Beltran Jr. expected 2018 to "usher in a robust economy to the Province of Bukidnon."

He said that infrastructure expenditure would surely boost Bukidnon’s economy. There is about P1.3 billion intended to maintain all barangay roads in the province. Manolo Fortich mayor Clive QuiƱo alos envisioned his municipality to host the first Public Economic Zone in the province.

An airport project is also ongoing in the province. The project site is in Brgy. Maray-Maray, Don Carlos, Bukidnon with intended completion date after 360 days. About P400 million has already been reserved for site development project that includes Stripping, Excavation, Embankment, Concrete Works, etc.

BY KEN TERRADO
Ken Terrado currently volunteers as one of the admins of Mindanao Economic Boom. He is also contributing for other blogs about developments. He likes to read Newsweek, Time Magazine, and international news.

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