The Fiji National Provident Fund, which started in the 1960s thanks to
that stalwart champion of the people, AD Patel, is where more than 331,000
of Fiji’s workers have their futures invested. When the SDL Government
seemed to be using it as a source of budget funding, a lot of people
But now it’s time to really worry. The Illegal Regime which seized control
of Fiji’s government apparatus is steadily destroying the value of those
For a start, as a direct result of the coup, the economy of Fiji has been
put into reverse. Jobs have been lost, pays have been cut and business
profits slashed. All FNPF investments in the Fiji economy have had
millions slashed from their potential worth. We all understand that
because we’ve all been part of it in one way or another (all. that is,
except the coup beneficiaries who’ve taken other people’s jobs or, like
Frank, have money from unexplained sources landing in their bank
Then there are all the debts of the Fiji Government to the FNPF. With
inflation running out of control, the value of all Fiji dollar assets, such
as the debts to the Government are depreciated. That’s running at about 6
or 7 percent at the moment.
One final worry. The FNPF stake in Natadola has been hijacked by the IG
for reasons that no-one knows anything about. They saw potential profits
and they wanted a piece of action for themselves, so they pushed out the
existing contractor (APRIL) and inserted one of their own. You can be sure
that the aim is to make money for IG cronies, not the FNPF.
Investment is already way down as a result of the coup. You can be sure
that every business man who can is smuggling funds out of Fiji – hence the
draconian exchange controls.
So to the 331,000 or more members of the FNPF I say: do everything you can
to get rid of the illegal government that has hijacked Fiji because you
have the most to lose from their illegal, incompetent hijacking. It’s your
future that they are stealing.