President Dr Mohamed Muizzu has stated that the numerous initiatives launched by his Administration to support the fishing community will be completed within these two years, with tangible benefits becoming evident in the near future.
Speaking during the fourth episode of the Rayyithunnaa Eku podcast, President Dr Muizzu outlined several strategic projects aimed at enhancing the value chain of fish and fish products. A key development is the expansion of skipjack tuna storage capacity, which is set to increase from the current 9,500 tonnes to 25,000 tonnes. In parallel, processing capacity will see a significant rise from 115 tonnes to 365 tonnes. The President provided assurances that these projects are fully resourced and will proceed without interruption.
Addressing the persistent challenges facing the fishing community, particularly reliable access to fuel and ice, the President noted that substantial improvements are being undertaken through infrastructure development and resource allocation. He emphasised that his Administration's approach is grounded in direct consultation with fishermen. By the end of this year, he confirmed that every atoll will have designated islands offering fuel at State Trading Organisation (STO) rates. Furthermore, construction of ice plants, cold storage facilities, and processing centres across numerous islands is advancing rapidly. Highlighting Refrigerated Sea Water (RSW) systems as critical to the sector's future, the President announced the availability of additional loan schemes to support their adoption.
The President also discussed measures aimed at ensuring sustainable financial arrangements for fishermen. A notable achievement of the Administration has been establishing dependable payment mechanisms for fishermen. He highlighted that the implementation of his pledge to guarantee payments within 48 hours has successfully attracted young Maldivians back to the industry. Since last Fishermen's Day, payments totalling 470 million rufiyaa have been distributed without interruption, reinforcing progress towards the goal of fully Maldivian-crewed fishing vessels.
President Dr Muizzu further noted that the national fishermen's registry, which was established to promote financial inclusion and empowerment, has now documented 95 per cent of fishing vessels. This strategic initiative is designed to help financial institutions recognise fishing as a sustainable income source.
In further developments, the Administration has installed 18 new fish aggregating devices (FADs) during this term, while restoring 21 previously damaged units. To enhance maritime safety, 56 rescue divers have been trained across an equal number of vessels.
Looking towards long-term capacity building, the President noted that the Maldives College for Fisheries and Ocean Sciences, under the National University, will continue offering full scholarships to 45 students pursuing Bachelor's degrees in Fisheries Management, with additional specialised training opportunities planned in related fields.
