Deputy Prime Minister Professor Biman Prasad says a private sector-led economic rejuvenation is an important pillar to ensuring sustainable economic growth.
In Ba this week, Prof Prasad told prominent businessmen the private sector played a crucial role, one that was critical to put the debt-to-GDP ratio on a consistent downward path, complementing planned fiscal deficit reductions.
“However, this requires a number of structural reforms to ensure private sector growth and development is supported,” Prof Biman said.
“The role of the private sector is paramount for economic recovery, job creation and overall development.
“I believe that as a government, we need to listen and create a more enabling environment for our private sector to thrive through confidence-building, streamlining busines
s processes to make things easier, investing in public infrastructure, skills development, ensuring the rule of law and providing stability.”
Officiating at the opening of the TotalEnergies Ba service station, the Finance Minister shared that the opening of this service station showed the level of investor confidence within Fiji’s business sector.
“Energy is a global necessity and TotalEnergies aims to be a global leader in energy, delivering sustainable solutions to meet the world’s evolving energy needs,” he added.
The $2.5 million service station, owned by Supreme Fuel and boasting state-of-the-art facilities in Ba’s central business district, provides employment for 20 workers.
