President Mohamed Muizzu assured fishermen that the administration will pay outstanding dues, even if MIFCO has to take a loan, saying MVR 200 million of the MVR 250 million inherited from the previous administration has been paid. Minister of Fisheries and Ocean Resources Ahmed Shiyam said MIFCO's outstanding to fishermen stands at MVR 190 million and that financing is being sourced through a sovereign guarantee.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The President was responding to a question from a fisherman in the "President Answers" series launched by the President's Office (PO) on Thursday.
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And other challenges in the fisheries industry will be resolved, the fisheries manifesto of this administration will be properly implemented and the income from fisheries will increase. The President is at the forefront of solving things.
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Muizzu, in his reply, said the administration had taken over with an outstanding tab of MVR 250 million unpaid to fishermen by the previous administration.
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However, since taking over, MVR 200 million has been paid over two occasion, the President said while acknowledging that a large amount of money was still outstanding.
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According to Minister of Fisheries and Ocean Resources Ahmed Shiyam, MICFO's outstanding to fishermen currently stands at MVR 190 million.
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The President was asked the question on dues to fishermen by Abdul Ghanee, a fisherman from Nolhivaranfaru Island in Haa Dhaalu (HDh) Atoll.
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