The Minister for Lands and Mineral Resources in Fiji, Filimoni Vosarogo, emphasized the crucial role of the private sector in strengthening the country’s economy during the Annual Business Forum hosted by the Nadi Chamber of Commerce & Industry at Tanoa International Hotel. He highlighted that sectors like agriculture, minerals, and mining remain largely underutilized and have the potential to become significant economic drivers.
Vosarogo pointed out the example of Tuvatu Gold Mine in Sabeto, where local villages benefit from a considerable monthly economy generated through employment opportunities stemming from the mine’s operations. He mentioned that the economy of two nearby villages amounts to $25,000 and $50,000, respectively, thanks to local employment by Lion One Metals Ltd.
The Minister discussed the National Development Plan (NDP) for 2025-2029, which aims to translate vision into reality and transform the economic landscape of Fiji. He stressed the need for economic diversification, especially in light of vulnerabilities exposed by global disruptions like the pandemic. Vosarogo called for a responsible approach to natural resource extraction and urged for careful management of ocean resources.
Dr. Ram Raju, the president of NCCI, echoed Vosarogo’s sentiments, emphasizing the importance of a vigorous discourse around industrial growth and the primary industries. He urged for actionable strategies to improve the national economy and the GDP.
Commentary: This discussion highlights an important shift in Fiji’s economic strategy, focusing on diversification to build resilience against global uncertainties. By investing in underdeveloped sectors like mining and agriculture, Fiji can enhance its economic stability and sustainability.
Summary: Minister Vosarogo stresses the significant but untapped potential of agriculture and mining in Fiji’s economy while emphasizing the need for diversification away from tourism. The National Development Plan aims to guide this transformation, and sector leaders advocate for decisive action and discourse to improve the nation’s economic outlook. This suggests a hopeful direction for Fiji’s economic future.
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