Fiji’s development progress hinges on fulfilling the aspirations of the iTaukei community. The iTaukei land will be utilized as an investment asset, collaborating with both local communities and foreign investors to generate numerous opportunities.
These initiatives are outlined in the National Development Plan for 2025-2029 and Vision 2050, which was unveiled at the Grand Pacific Hotel this week. The plan emphasizes the protection of marginalized communities’ rights by ensuring secure land tenancy, fostering confidence and economic empowerment within these groups.
It also acknowledges a long-standing debate regarding the Government’s role in fostering economic resilience in Fiji. The document notes a prevailing sentiment that the government has adopted an overly regulatory stance on development, which has hindered private sector investment and economic growth.
To achieve more sustainable economic growth and prosperity, the plan advocates for a recalibrated development approach that supports the private sector. The government aims to gradually limit its involvement in economic activities to avoid competing with private enterprises.
Moreover, the plan outlines the need for the government to foster a favorable environment for private sector development by maintaining policy consistency and enhancing investor confidence. The Government’s role will focus on four main areas:
1. Reducing its size and presence in the economy to facilitate private sector growth;
2. Efficiently supporting private sector investment by eliminating regulatory obstacles;
3. Delivering quality public goods to citizens through thoughtful public spending; and
4. Establishing public-private partnerships where applicable to encourage growth.
Empowerment of individuals and communities is highlighted as a core aspect of a democratic society, enabling active participation in decision-making processes and maximizing development opportunities.