PRESIDENT FERDINAND R. MARCOS, JR. said he expects the newly rehabilitated Mahayag Dam to directly benefit more than 3,000 farmers in Zamboanga del Sur by ensuringPRESIDENT FERDINAND R. MARCOS, JR. said he expects the newly rehabilitated Mahayag Dam to directly benefit more than 3,000 farmers in Zamboanga del Sur by ensuring

Mahayag Dam to help 3,000 farmers

2026/02/12 21:38
2 min read

PRESIDENT FERDINAND R. MARCOS, JR. said he expects the newly rehabilitated Mahayag Dam to directly benefit more than 3,000 farmers in Zamboanga del Sur by ensuring a continuous water supply and improving agricultural yields, as the government moves to strengthen food security and rebuild infrastructure damaged by severe flooding.

Mr. Marcos on Thursday said that the 450-million-peso project is meant to restore a section of the Salug River Irrigation System (SARIS) and expand irrigation services disrupted when the structure partially collapsed following heavy rains in late 2022 and early 2023.

“Through this project, we expect to improve water diversion, irrigation, and other agricultural activities in the region,” Mr. Marcos said in Filipino during his speech at the inauguration.

“It is estimated that more than 3,100 farmers and their families will benefit from this project,” he added.

Originally built in 1967, the Mahayag Dam is part of the SARIS, the largest national irrigation system in the Zamboanga Peninsula. Of the system’s 8,102.58-hectare service area, it provides irrigation to 5,044.28 hectares.

“Alongside the construction of this dam, we also launched 20 solar-powered pump irrigation projects, benefiting 635 farmers in the region,” Mr. Marcos said.

From this year’s national budget, more than P63 billion was allocated for irrigation programs under the National Irrigation Administration, Mr. Marcos said. Nearly P300 billion was earmarked for agriculture programs and projects nationwide, including more than P33 billion for farm-to-market roads and P370 million for such roads in Zamboanga del Sur. Another P731 million was allotted for small-scale irrigation projects in the province. — Erika Mae P. Sinaking

Market Opportunity
Reservoir Logo
Reservoir Price(DAM)
$0.01876
$0.01876$0.01876
+5.57%
USD
Reservoir (DAM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Strategy CEO to discuss Bitcoin with Morgan Stanley’s digital asset head next week

Strategy CEO to discuss Bitcoin with Morgan Stanley’s digital asset head next week

The post Strategy CEO to discuss Bitcoin with Morgan Stanley’s digital asset head next week appeared on BitcoinEthereumNews.com. Strategy CEO Phong Le will join
Share
BitcoinEthereumNews2026/02/21 14:48
Stablecoin Yield ‘Effectively Off The Table’: White House Narrows Rewards Debate In Latest Meeting

Stablecoin Yield ‘Effectively Off The Table’: White House Narrows Rewards Debate In Latest Meeting

The White House reportedly took the lead during the latest Crypto Council meeting, narrowing the stablecoin rewards dispute that has delayed progress in the long
Share
Bitcoinist2026/02/21 15:30
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28