Duterte-Cayetano tandem to exercise political will in ensuring distribution of coco levy fund

By , on April 30, 2016


Duterte (left)  and Cayetano (right) vowed to distribute the funds to the beneficiaries during the first 100 days of their term.  (Photo: Alan Peter Cayetano/Facebook)
Duterte (left) and Cayetano (right) vowed to distribute the funds to the beneficiaries during the first 100 days of their term.
(Photo: Alan Peter Cayetano/Facebook)

MANILA—If elected to the nation’s two highest positions during the May 9 elections, the tandem of PDP-LABAN standard bearer Rodrigo Duterte and Sen. Alan Peter Cayetano pledged to exercise political will in ensuring that coco levy fund will reach its intended beneficiaries.

Cayetano made this assurance during his recent “Ronda-Serye” listening tour with coconut farmers in Lucena City, Quezon Thursday.

During the dialogue, the farmers voiced out their long-standing plight regarding the delayed distribution of the multibillion-peso fund.

Cayetano, for his part, stressed that the government’s continuous inaction in giving back the money to the farmers has become “criminal.”

He further lamented how previous administrations failed to recover the shares that went to Eduardo “Danding” Cojuangco Jr.’s San Miguel Corporation (SMC).

“If many candidates are afraid of Danding Cojuangco, Mayor Duterte and I are not. And while they keep on making promises they can’t keep, Mayor Duterte and I will just do it, we will just get things done for our poor farmers,” he said.

The tandem earlier signed a three-point manifesto, which aims to end what they described as “a systemic oppression of small coconut farmers.”

They vowed to distribute the funds to the beneficiaries during the first 100 days of their term. They will do this by pushing for a legislation that will create a perpetual trust fund for coconut farmers.

Aside from the coco levy fund, Cayetano said they would also tap Php1 billion from the national budget to serve as a Coconut Modernization Fund, to be used for the development of the country’s coconut industry.

The tandem also vowed to work on pursuing all unrecovered shares from the assets acquired through the fund, including the 20-percent shares awarded to Cojuangco by the Supreme Court in 2011.