NFA embarks on ‘transformative’ policy shift

THE National Fisheries Authority (NFA) announced yesterday significant advancements in the PNG Fisheries sector as it embark on a transformative policy shift.
This is aimed at boosting competiveness, diversification, and value addition in the industry.
As part of the journey, NFA has set ambitious targets to increase export values across various seafood categories, including crab, prawn, lobster, reef fish, and seaweed.
NFA managing director Justin Ilakini said the authority aimed to enhance the tuna fishery by increasing tuna landings, expanding downstream processing, establishing new processing plants, and investing in commercial-scale cold storage facilities to support exports.
“These initiatives will not only drive the economic growth but also ensure food security and support the livelihoods of our communities,” he said.
“We are excited to have our dedicated staff on board, committed to making these goals a reality through their hard work and tireless effort,” Ilakini said.
He added that despite the challenges, NFA had managed to implement cost management measures and expenditure controls for the fiscal year 2024, emphasising the importance of financial responsibility and prudent decision-making at all levels.
Meanwhile, Ilakini also extend Easter greetings to all staff and the public.
The NFA is non-commercial statutory authority established and operating under the Fisheries Management Act 1998 and related regulations.