MINISTER of Finance and Treasury, Snyder Rini has assured government’s commitment towards the National Provident Fund (NPF).
Speaking at the end of the Fund’s financial year yesterday, Rini said the government will continue to support the intentions of the Fund in its investment endeavors to deliver sustainable growth of members’ wealth for retirement.
“Moreover, the government does recognize the crucial roles the Fund has played in the stabilization of our financial system and the domestic economy,” he said.
Rini said it is pleasing to note that the current Fund’s investments are meeting members’ return requirements.
He said at the same time the Fund strongly support the growth of their economy in some key sectors ranging from energy, transportation infrastructure, manufacturing, food security, tourism, telecommunications, and housing.
“The DCC government will continue to support the Fund’s specific investments in the proposed fibre optic cable and hopefully the broadband satellites proposal to provide effective and efficient communication to our peoples in Solomon Islands.
“The government will also support the Fund’s proposed investment in the provision of land for quality housing for Solomon Islanders and commercial property developments at Auki, Malaita Province to support small/medium enterprise developments,” he said.
By EDDIE OSIFELO