Friday, October 02, 2015

State receives another K50 million from National Fisheries Authority

Chief Secretary to Government Sir Manasupe Zurenuoc (centre) receives the K50 million from NFA Managing Director John Kasu (left) and Chairman Job Pomat
The National Government today  received another K50 million in dividends from the National Fisheries Authority.
This is on top of the first component of K25 million presented earlier to the government in August this year.
The K50 million cheque was presented to the Chief Secretary to Government, Sir Manasupe Zurenuoc, by the NFA Chairman Job Pomat and Managing Director John Kasu, in Port Moresby.
Sir Manasupe thanked NFA for its ongoing support to the government, saying the NFA board's commitment of providing increasing dividends to the government over the years contributed largely to the country's revenue cycle.
He said the NFA was one of the few State-owned enterprises that continued to bring in increasing dividends every year.
"The dividends like all other dividends will be put in to the government purse for the budget.
"I would also like to applaud the National Fisheries Authority for its efforts in successfully meeting the European Union's requirements, which has resulted in the uplifting of the yellow flag restrictions on our fishing regulations," Sir Manasupe said.
He said Prime Minister Peter O'Neill would make an official announcement on the uplifting of the yellow flag ban by EU, in the next few days
Pomat also revealed that NFA had just received a letter from the European Union that the yellow flag ban on fishing processes in PNG waters had been lifted.
He said this was a proper opportunity to raise PNG's standards to be the first-class tuna provider in the world.  
Last year, NFA furnished a total of K50 million in dividends to the State compared to this year's K75 million.

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