President Dr. Mohamed Muizzu has reaffirmed the government’s commitment to restoring fisheries as the Maldives’ economic lifeline, describing the sector as central to the nation’s identity and heritage.
Speaking at an official function in R. Dhuvaafaru to mark the 45th National Fishermen’s Day, the President said extensive work is underway under six key policies to strengthen and further develop the industry.
He announced that from Sunday, the Maldives Industrial Fisheries Corporation (MIFCO) will purchase fish from one kilogram onwards at the maximum market rate, and will also sell fuel to fishermen at an average of 51 laari below market prices.
The President said efforts are ongoing to expand cold storage capacity, open 200 additional opportunities for Refrigerated Sea Water (RSW) system loans, and establish fisheries processing facilities across the country. He added that fuel skids nationwide are expected to be operational by the end of March.
Identifying fish pricing as the sector’s biggest challenge, President Muizzu said long-term solutions are being pursued, including expanding MIFCO’s operations to purchase yellowfin tuna. He also stressed the importance of increasing youth participation and ensuring the fisheries sector provides employment for Maldivians.
The President concluded by noting that recent statistics show tangible progress in the sector, calling on stakeholders to support continued development for national economic growth.
Speaking at an official function in R. Dhuvaafaru to mark the 45th National Fishermen’s Day, the President said extensive work is underway under six key policies to strengthen and further develop the industry.
He announced that from Sunday, the Maldives Industrial Fisheries Corporation (MIFCO) will purchase fish from one kilogram onwards at the maximum market rate, and will also sell fuel to fishermen at an average of 51 laari below market prices.
The President said efforts are ongoing to expand cold storage capacity, open 200 additional opportunities for Refrigerated Sea Water (RSW) system loans, and establish fisheries processing facilities across the country. He added that fuel skids nationwide are expected to be operational by the end of March.
Identifying fish pricing as the sector’s biggest challenge, President Muizzu said long-term solutions are being pursued, including expanding MIFCO’s operations to purchase yellowfin tuna. He also stressed the importance of increasing youth participation and ensuring the fisheries sector provides employment for Maldivians.
The President concluded by noting that recent statistics show tangible progress in the sector, calling on stakeholders to support continued development for national economic growth.
