Economy economy / promise Gaafaru Impact 6.0/10 1 min read

Backlog Resolved: Fishermen Set to Receive Funds in 48 Hours, Declares President

President Dr. Mohamed Muizzu announced that fishermen will receive funds within 48 hours starting tomorrow. He revealed that 38 million rufiyaa owed by the previous administration has been settled, paid to 196 fishermen with BML accounts and 20 with MIB accounts. The President acknowledged delays due to MIFCO reforms. A new agreement between the Ministry of Finance, MIFCO, and BML ensures timely future payments. The announcement coincides with Fishermen’s Day.

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The Standard

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Published

Dec 9, 2024

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📋 Story Brief

President Dr. Mohamed Muizzu announced that fishermen will receive funds within 48 hours starting tomorrow. He revealed that 38 million rufiyaa owed by the previous administration has been settled, paid to 196 fishermen with BML accounts and 20 with MIB accounts. The President acknowledged delays due to MIFCO reforms. A new agreement between the Ministry of Finance, MIFCO, and BML ensures timely future payments. The announcement coincides with Fishermen’s Day.

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Focus: Backlog Resolved: Fishermen Set to Receive Funds in 48 Hours, Declares President

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