President Ferdinand R. Marcos Jr. approved the additional funding for the massive coconut planting/replanting and fertilization program of the Philippine Coconut Authority (PCA) for 2025.
Marcos gave his approval during a meeting in Malacañang Tuesday
According to the Presidential Communications Office (PCO), the additional funds would be used to implement the Philippine Coconut Industry Development Plan (PCIDP) 2024-2034.
“Inaprubahan ni Pangulong Ferdinand R. Marcos Jr. ang dagdag na budget para sa malawakang coconut planting/replanting program at fertilization program sa taong 2025, sa ilalim ng Philippine Coconut Industry Development Plan (PCIDP) 2024-2034 (President Ferdinand R. Marcos Jr. approved the additional budget for the massive coconut planting/replanting program and fertilization program for 2025, under the Philippine Coconut Industry Development Plan 2024-2034),” the PCO said in a Facebook post Tuesday afternoon.
“Ang PCIDP 2024-2034 ay tugon sa direktiba ni PBBM sa Philippine Coconut Authority noong October 2023 na gumawa ng detalyadong plano para sa pagpapaunlad ng coconut industry ng bansa (The PCIDP 2024-2034 is in response to PBBM’s directive to the Philippine Coconut Authority in October 2023 to make a detailed plan for the development of the country’s coconut industry).”
Marcos has expressed his intention to make the Philippines the world’s No. 1 coconut exporter, seeing it as a “great opportunity” for the country’s continued economic growth.
The PCA is looking to plant 100 million coconut trees by 2028. (PNA)