The President’s Economic Team has laid out a development plan that may strengthen regional centers and envisions Cagayan De Oro as the country’s fourth economic center.
According to a report by Inquirer Net, President Rodrigo Duterte’s team has envisioned Cagayan de Oro city to flourish and will be joining the likes of Metro Manila, Metro Cebu and Metro Davao.
A draft from the National Economic Development Authority’s Philippine Development Plan 2017-2022 reveals 22 chapters of economic plan and has been published on NEDA’s website for public comments.
This move is in line with Duterte’s vision to spread government resources that have been long concentrated in Metro Manila to local governments in other islands under the proposed federal system.
Cagayan de Oro is home to about 600,000 and a bustling city of shopping malls and business process outsourcing hubs.
According to the report the four economic centers namely – Davao, Metro Manila, Cebu and Cagayan de Oro will serve economic and administrative core of the three main island group.