Number of fishermen decreased due to jobs, working to increase them: President

President Mohamed Muizzu stated that the number of fishermen in the Maldives is decreasing, attributing this to the previous administration's policy of providing jobs in state-owned enterprises, particularly Fenaka Corporation, which drew youth away from fishing. He noted that many fishing vessels have been sold off. The government plans to conduct an official survey within two months to assess the decline and is working on 'rightsizing' companies like Fenaka to encourage youth to return to fishing and other private sector jobs. Muizzu emphasized that expanding the real economy requires moving away from over-reliance on government jobs.

President Mohamed Muizzu stated that the number of fishermen in the Maldives is decreasing, attributing this to the previous administration's policy of providing jobs in state-owned enterprises, particularly Fenaka Corporation, which drew youth away from fishing. He noted that many fishing vessels have been sold off. The government plans to conduct an official survey within two months to assess the decline and is working on 'rightsizing' companies like Fenaka to encourage youth to return to fishing and other private sector jobs. Muizzu emphasized that expanding the real economy requires moving away from over-reliance on government jobs.

President Mohamed Muizzu stated that the number of fishermen in the Maldives is decreasing, attributing this to the previous administration's policy of providing jobs in state-owned enterprises, particularly Fenaka Corporation, which drew youth away from fishing. He noted that many fishing vessels have been sold off. The government plans to conduct an official survey within two months to assess the decline and is working on 'rightsizing' companies like Fenaka to encourage youth to return to fishing and other private sector jobs. Muizzu emphasized that expanding the real economy requires moving away from over-reliance on government jobs.

This story involves 1 source and may affect public understanding of state-owned enterprises / employment.