Selasa 28 Nov 2017 02:44 WIB

Govt spends Rp3 trillion for palm oil rejuvenation program

Red: Reiny Dwinanda
President Joko Widodo oversees people's palm oil plantation after inaugurating the rejuvenation program of 9,000 hectares palm oil plantation in Serdang Bedagai, North Sumatra, Monday (November 27).
Foto: Republika/Issha Harruma
President Joko Widodo oversees people's palm oil plantation after inaugurating the rejuvenation program of 9,000 hectares palm oil plantation in Serdang Bedagai, North Sumatra, Monday (November 27).

REPUBLIKA.CO.ID, SERDANG BEDAGAI -- The government has spent Rp3 trillion to fund a program to rejuvenate the palm oil plantations of people in North Sumatra Province.

"We have spent Rp3 trillion for the palm oil replanting program. However, the challenge is not the budget but the seed supplies," President Joko Widodo stated in a speech during the inauguration of the palm oil rejuvenation program in Kota Tengah Village, Serdang Bedagai District, on Monday.

Widodo said the government requires more funding to rejuvenate thousands of hectares of palm oil plantations in the province.

One of the financing schemes for rejuvenating palm oil is by utilizing the people's business loans.