Government must implement measures that encourage students to remain in Fiji and contribute their knowledge and skills to the local economy, said Independent MP Virendra Lal.
“There are many recent graduates and skilled workers migrating to other countries without giving back to their own country, underscoring a pressing issue of brain drain and talent flight,” said Mr. Lal during the Budget Debate in Parliament this week.
“In responding to the issue of loan waivers in the upcoming budget for the fiscal year 2024-2025, it is essential to strike a balance between supporting students in pursuing higher education and ensuring accountability and responsibility in loan repayment.
“Rather than outright waiving loans, the government could explore alternative mechanisms such as income-contingent repayment schemes, extended grace periods, or targeted financial assistance based on merit and need.”
He said a free market economy only thrived when there were rules to ensure competition and fair play.
“While efforts have been made by governments to enhance the quality and relevance of tertiary education in Fiji to equip students with the skills and knowledge needed to thrive in today’s competitive global landscape, the unemployed need work to eliminate poverty, and this could involve creating attractive job prospects, providing avenues for career growth and development, and fostering a conducive environment for innovation.”