PALMOILMAGAZINE, PEKANBARU – Governor of Riau, Syamsuar in a meeting told that it is very important to take advantages on the fund to improve infrastructures particularly the ways in each region. “The money (palm oil profit sharing) should be used to improve ways in provinces and around palm oil plantations in each region,” he said to every head of region in Riau Province, as Palmoilmagazine.com quoted from the official page of Riau Province, Friday (3/11/2023).
Though the numbers that Riau got are not equal to palm oil production potential in the province as the biggest producer in Indonesia, Governor Syamsuar would work hard to struggle for by hoping to get more POPS in the province.
“Though the numbers are not fixed enough, Alhamdulillah, we have to get them first. Insya Allah, we would struggle for with other palm oil provinces so that in the future, there would be more to get than what we got and would be adjustable as the allocation,” Governor Syamsuar said.
Also Read :
- Smallholder Replanting Program in Riau Reaches 4,150 Hectares, Out of the 10,550 Hectare Target
- Enhancing Regional Welfare Through Palm Oil Profit Sharing: Insights from the Vice Governor of North Kalimantan
- Palm Oil Research Program to Develop Sustainable Palm Oil Industry
- Malaysia’s MSPO Revision Standards Set to Be Implemented by Early 2025
Riau Province has at last received palm oil profit sharing from the central government, totaling Rp 83.13 billion out of a total of Rp 3.4 trillion. The disbursement is scheduled to take place between September and December 2023. Riau received the largest share, followed by North Sumatera, which received Rp 74.86 billion, and West Kalimantan with approximately Rp 65.66 billion.
The distribution of palm oil profit sharing is governed by Government Regulation Number 38/2023 on Palm Oil Profit Sharing (POPS). According to this regulation, 20 percent of the total POPS is allocated to the province, while 60 percent is distributed to the district or city where palm oil plantations are located, and the remaining 20 percent is allocated to the district or city that shares a border with the area where palm oil plantations are situated. (T2)
