According to the latest information available, it has been reported that the West African researchers have drafted a framework that could boost research on rice production in member countries of the Economic Community of West African States (ECOWAS). The scheme was unveiled at the end of a three-day regional conference on food self-sufficiency and rice policies held in the Senegalese capital, Dakar. In this conference the participants unanimously agreed to study and evaluate States’ subsidies on rice. It was also pointed out that in fact the decision makers sometimes have good will, however in the implementation, make mistakes.
Further, it was added that, rice producers funding system which targets small farmers in Senegal without collateral requirement was considered as good research path. In the same movement, researchers believe that it is necessary to address the issue of financial innovation in the agricultural sector. Therefore, an extensive research work should also go further to explore the issues of insurance in the agricultural system. Furthermore, the Common External Tariff (CET) of ECOWAS is also a part of West Africa think tank and they would like to see how this tax code can help regional agricultural production policy.
During presiding over the closing ceremony of the Regional Conference on self-sufficiency for rice policies, Mr Kalilou Traore, ECOWAS Commissioner for industry and the private sector, welcomed the gathering which has kept all its promises. The meeting generated some interesting path for research. This work will be useful to ECOWAS which looks forward to rice self-sufficiency by 2025 as it was emphasized.