BY BEN BILUA
Gizo
PRIME Minister Matthew Wale says the Government for Reform, Empowerment, Accountability and Transformation (GREAT) is committed to moving the country away from the traditional practice of extracting and exporting raw materials, with a stronger focus on processing resources locally to create jobs and increase export value.
Speaking on the government’s economic reform agenda, Wale said Solomon Islands must begin adding value to its natural resources before they are exported overseas.
“We want to move away from simply extracting and exporting raw materials. We want to create more jobs for our people, so we will be moving into processing of raw materials,” he said.
The Prime Minister said the new approach will generate employment opportunities while also improving the country’s export earnings through value-added products.
He said Western Province stands to benefit significantly from the reforms because of its abundant natural resources and hardworking population.
“Western Province will benefit from these reforms because it has more resources and hardworking people. With your leadership and your executive, there is a lot we can do,” Wale said.
He said Noro as a key driver of the government’s economic transformation plans, describing the township as a “low-hanging fruit” with enormous potential for growth.
The Prime Minister revealed that the government aims to triple Noro’s production capacity over the next five years and is already looking at investment opportunities to double production capacity within the next two years.
“Noro will become an important part of our development plans. Over the next five years, we want to triple the production capacity of Noro, but within the next two years, we want to explore additional investment to double production capacity,” he said.
According to Wale, the proposed expansion could increase employment in Noro to more than 4,000 workers, creating substantial economic opportunities for families across Western Province and the country.
The Prime Minister said the government’s focus on industrial growth and resource processing is part of a broader strategy to build a stronger, more resilient economy that delivers long-term benefits for Solomon Islanders.
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