Solomon Islands Council of Trade Unions (SICTU) has acknowledged Solomon Islands National Provident Fund (SINPF) for awarding 8% credit rating to all its members on Tuesday 30th September 2025.
In a statement SICTU National Secretary Adrian Tuhanuku warmly welcomed and acknowledged the announcement on Tuesday afternoon by the Minister of Finance and Treasury Trevour Mahaga.
“This declaration is a significant outcome for the hard-working members and contributors of the SINPF, and SICTU extends a profound and sincere thank you to the SINPF Chairman, the entire Board, and the dedicated staff.
“Their relentless hard work and strategic management have directly resulted in this positive announcement, delivered in the face of considerable economic challenges throughout the past year,” Mr Tuhanuku said after witnessing the ceremony.
He also extended his gratitude to all SINPF subsidiaries.
“The profits generated by your operations this year are the foundation of this dividend. Your collective success in navigating a difficult global and local economic landscape is commendable and has directly benefited the workers of the Solomon Islands.”
SICTU further acknowledges that while many workers may have held expectations for a higher return, it recognise that this 8% is a solid achievement.
“It is crucial to understand that a portion of this year’s profit is being strategically reinvested to fuel the SINPF’s future growth.
“The correlation is clear and proven: more strategic investment means a stronger fund, which in turn leads to higher dividends in the future, as evidenced by the historical performance and today’s announcement.
“We must also specifically thank the Minister of Finance and Treasury for his intervention and advocacy in ensuring that the announced 8% is an improvement upon the original recommendation.
“This demonstrates a shared commitment to maximizing returns for SINPF members,” Mr Tuhanuku said.
SICTU saidt it stands in support of the SINPF’s growth strategy. “We look forward to a profitable year ahead for the Fund and its subsidiaries.
“We are confident that continued prudent investments will not only strengthen the national economy but will also sow the seeds for increased annual dividends for all workers in the years to come.”
The Council encourages all members to continue their support for the SINPF, which remains a cornerstone of financial security for Solomon Islanders.
