The Minister for Lands and Mineral Resources, Filimoni Vosarogo, emphasized the vital role of the private sector in Fiji’s economy during the Annual Business Forum organized by the Nadi Chamber of Commerce & Industry. He highlighted the potential for untapped sectors such as agriculture, minerals, and mining to drive economic growth and resilience in the future.
Vosarogo pointed to the example of the Tuvatu Gold Mine in Sabeto, where nearby villages benefit from a monthly economy of $25,000 and $50,000, respectively, as locals find employment with Lion One Metals Ltd. He underscored the importance of the National Development Plan (NDP) 2025-2029, urging the transformation of its vision into reality.
While recognizing tourism as the dominant contributor to Fiji’s GDP, Vosarogo raised concerns about the economy’s vulnerability to global disruptions, like the recent pandemic. He called for diversified economic strategies to enhance resilience by responsibly utilizing natural resources and embracing sustainable practices in ocean management.
Echoing these sentiments, NCCI president Dr. Ram Raju emphasized the need for an honest dialogue about improving the national economy. He advocated for action over rhetoric in fostering industrial growth and strengthening primary industries.
This discussion reflects a promising outlook for Fiji’s economic future, as leaders recognize the necessity of diversification and innovative approaches to development. By leveraging its natural resources and fostering a resilient economy, Fiji can navigate future challenges more effectively.
In summary, the focus on diversification and the development of untapped sectors hold the potential to create a more robust and sustainable economic landscape for Fiji, ensuring prosperity for its communities.
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