The Fijian government has reiterated its dedication to fostering a pro-business environment, with assurances aimed at supporting local enterprises and private sector growth. Finance Minister Esrom Immanuel conveyed this message during the Nadi Chamber of Commerce and Industry Christmas Cocktail and Gosh Fulia Dinner, held in Nadi.
Minister Immanuel emphasized that cutting bureaucratic red tape and modernizing systems are essential priorities for the government. He acknowledged the vital role of the private sector as the backbone of Fiji’s economy and commended the Nadi Chamber for its robust leadership and advocacy in the Western Division.
Looking ahead, Immanuel expressed optimism about the economy’s trajectory, predicting that it will be on a more stable footing by 2025. He noted encouraging indicators, including increased private sector lending and stable foreign reserves, as well as a growth forecast of 3.4 percent from the Reserve Bank of Fiji.
The government is also working toward diversifying its economic reliance, moving away from traditional sectors like tourism and sugar production. Instead, the focus is shifting toward renewable energy, digital services, and niche manufacturing industries, which are seen as vital areas for future expansion.
Furthermore, Minister Immanuel highlighted increased support for micro, small, and medium enterprises (MSMEs), revealing a new strategic plan designed to elevate their contribution to the national GDP from 18 percent to an ambitious 40 percent by 2030. He underscored that achieving these goals will require strong collaboration between the government and the business community.
This commitment reflects a hopeful vision for Fiji’s economic landscape, aiming to create a resilient and innovative framework that empowers local businesses and promotes sustainable growth.
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