Fishermen Paid MVR 276 Million, Outstanding Dues Still Remain

Fisheries Minister Ahmed Shiyam announced that the Maldives Industrial Fisheries Company (MIFCO) paid MVR 276 million to fishermen, partially covering outstanding dues. President Mohamed Muizzu, on an official visit to China, said the administration is working to pay all dues. The previous administration under Ibrahim Mohamed Solih had raised the per kilo buying rate of skipjack tuna by 47 percent, causing financial strain. Minister Shiyam noted that if the price remains at MVR 25 per kilo next year, about MVR 1 billion would be needed in subsidies. Fishermen associations have expressed concern on social media about unpaid dues, leading to some boats being stranded.

Fisheries Minister Ahmed Shiyam announced that the Maldives Industrial Fisheries Company (MIFCO) paid MVR 276 million to fishermen, partially covering outstanding dues. President Mohamed Muizzu, on an official visit to China, said the administration is working to pay all dues. The previous administration under Ibrahim Mohamed Solih had raised the per kilo buying rate of skipjack tuna by 47 percent, causing financial strain. Minister Shiyam noted that if the price remains at MVR 25 per kilo next year, about MVR 1 billion would be needed in subsidies. Fishermen associations have expressed concern on social media about unpaid dues, leading to some boats being stranded.

Fisheries Minister Ahmed Shiyam announced that the Maldives Industrial Fisheries Company (MIFCO) paid MVR 276 million to fishermen, partially covering outstanding dues. President Mohamed Muizzu, on an official visit to China, said the administration is working to pay all dues. The previous administration under Ibrahim Mohamed Solih had raised the per kilo buying rate of skipjack tuna by 47 percent, causing financial strain. Minister Shiyam noted that if the price remains at MVR 25 per kilo next year, about MVR 1 billion would be needed in subsidies. Fishermen associations have expressed concern on social media about unpaid dues, leading to some boats being stranded.

This story involves 1 source and may affect public understanding of payments / fishing.