The private sector plays a crucial role in driving a country’s economy, and Fiji is no exception, according to Filimoni Vosarogo, the Minister for Lands and Mineral Resources. While speaking at the Annual Business Forum organized by the Nadi Chamber of Commerce & Industry at the Tanoa International Hotel, Vosarogo emphasized the potential of agriculture, minerals, and mining as key economic drivers that remain largely untapped.
One notable example he highlighted is the Tuvatu Gold Mine in Sabeto, where nearby villages benefit from the mine’s operations. The economic activity generated there supports local families, with monthly incomes reported at $25,000 and $50,000 for two villages respectively, thanks to employment opportunities provided by Lion One Metals Ltd., the company behind the mine.
Vosarogo further noted the government’s commitment to economic development through its National Development Plan (NDP) for the years 2025-2029, stressing the need to convert vision into action. He pointed out that while tourism is the leading contributor to Fiji’s GDP, the country must consider the risks associated with reliance on a single industry, particularly in light of disruptions like the recent global pandemic.
“Diversification is essential,” he said. “We need to act decisively to develop a more resilient economy that responsibly utilizes natural resources and carefully harnesses our oceans.”
In alignment with Vosarogo’s message, Dr. Ram Raju, president of the NCCI, reiterated the importance of private sector involvement in fostering industrial growth and enhancing primary industries. Raju highlighted the necessity for substantial discussions on economic improvement, advocating that the time for action is now.
This article reflects a proactive approach to building a diverse and resilient economy in Fiji, showcasing collaboration between the government and the private sector as they work together to realize the country’s economic potential. With the combination of innovative practices in agriculture and mining, Fiji is on a promising path toward sustainable growth.
In summary, the sentiments expressed at the forum emphasize the importance of diversification and collaboration as Fiji aims to bolster its economic landscape while being mindful of global challenges.
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