President Dr Mohamed Muizzu has announced that all outstanding payments owed to fishermen have been transferred to the Maldives Industrial Fisheries Company (MIFCO).
In a statement on his official 'X' account, the President highlighted ongoing efforts to implement a system that ensures sustainable payments to fishermen within 48 hours, in line with the Dhiveheenge Raajje Manifesto.
A key objective of this manifesto is to guarantee that fishermen receive their payments promptly after their catch is weighed.
Fisheries Minister Ahmed Shiyam told the Parliament today that MVR 16,220,000 has not been paid to the fishermen and that the money will be given to the fishermen tomorrow.
The Minister said the former government increased the price of fish from MVR 17 to MVR 25 without any research. He added when this government came to power, there was a backlog of MVR 250 million to be paid to the fishermen.
