President Dr Mohamed Muizzu has reaffirmed his Government’s commitment to addressing past mismanagement and meeting the expectations of the Maldivian people. Speaking at the official reception marking the first year of his Administration, the President highlighted the progress made so far and outlined plans for the future.
In his address, the President expressed concern over the financial practices of the previous administration, particularly the significant issuance of currency and compensation payouts totaling MVR 1 billion. He assured the public that his Administration is committed to avoiding such practices.
Detailing efforts to recover public funds, President Dr Muizzu revealed that MVR 16 billion in unpaid state funds remained when his Government assumed office. Over the past year, MVR 2.6 billion of this amount has been recovered. The President also addressed outstanding payments to fishermen, noting that his Administration had cleared arrears totaling MVR 250 million and distributed over MVR 1 billion to fishermen by 11 November 2024.
The President provided updates on key land reclamation projects. He noted that when his Government took office, only 44 per cent of the Gulhifalhu reclamation project had been completed, but this figure has now increased to 70 per cent. Similarly, Hulhumalé Phase 3, which was just 17 per cent complete a year ago, has progressed to 38 per cent, with the remaining work expected to be completed within the next six months. Additionally, the reclamation at Giraavarufalhu has advanced from 19 per cent to 33 per cent over the past year.
President Dr Muizzu reassured the public that efforts are underway to terminate unfavorable agreements made by the previous administration with foreign companies. He emphasised that such projects must benefit the Maldivian people, rather than external interests.
On the issue of land and flat allocations, the President pledged transparency and fairness. He affirmed that no legally acquired land or flats would be revoked, but allocations made through fraud or improper documentation would be canceled. “This has always been the process, and it will remain so,” he said. He further explained that housing allocations would adhere strictly to established criteria and point systems, with oversight from committees and the Ministry of Housing to ensure impartiality. The President also assured that 4,000 flats would be allocated equitably.
Reflecting on the year’s achievements, President Dr Muizzu acknowledged that only 44 per cent of the planned work had been completed but expressed confidence in future progress. He reiterated his Administration’s commitment to completing key projects, including the reclamation of Gulhifalhu, within the coming year.
In conclusion, the President reaffirmed his Administration’s dedication to ethical governance, fiscal responsibility, and ensuring that development initiatives directly benefit the Maldivian people.
