AG says government will borrow money to help people while Qereqeretabua says any housewife could teach economy minister that you shouldn’t spend more than you earn

AG says government will borrow money to help people while Qereqeretabua says any housewife could teach economy minister that you shouldn’t spend more than you earn

Minister of Economy, Aiyaz Sayed-Khaiyum and Member of the National Federation Party, Lenora Qereqeretabua.

Economy Minister Aiyaz Sayed-Khaiyum says it appears to be a lawyer, Richard Naidu writes the speeches of National Federation Party MP Lenora Qereqeretabua and points out that the government will borrow money to help people after Qereqeretabua said any housewife could teach the economy minister that you shouldn’t spend more than you earn and keep it for rainy days.

Speaking during the debate on the motion to increase the government’s guarantee to the Development Bank of Fiji, Qereqeretabua said residents of Fiji were receiving $ 360 and had access to their pension funds to save themselves while million people go through guarantees to save Fiji Airways.

She says there is no sense of decency or respect for the current hardships people have been facing for over 2 years now due to COVID-19.

Qereqeretabua says this government kicks their bosses, the taxpayers and voters of Fiji, every time they need a blank check to sign.

She says the government’s solution to the already dire economic outlook is to drown the country further in a dinau situation.

Qereqeretabua says the Development Bank of Fiji has suddenly suspended its COVID-19 recovery credit guarantee program and will apologize to the public that 60% of those who requested have been processed, but adds that the The remaining 40% are probably waiting for today’s bailout.

She adds that in May of this year, Parliament was asked to approve a motion for the $ 170 million FDB and seven months later they were asked to top up that guarantee of around $ 80 million.

Qereqeretabua says they know what the bulk of the funds will be used for.

Qereqeretabua says it’s really hard for him to understand how the government thinks that continually punishing people in this way will help them regain power.

However, Sayed-Khaiyum says that Qereqeretabua lacks understanding of basic economics as many people are suffering and in need of help.

He stressed that the government will borrow to come to the aid of the affected populations.

He also says the opposition should also understand that government revenues have been shattered due to the effects of COVID-19.

Regarding rising item prices, Sayed-Khaiyum says they should understand that the government has reduced tariffs on a number of items, but rising global freight and fuel prices is something that is out of control. of the government.

Parliament approved the increase in the government guarantee from $ 170 million to $ 250 million for the 12-month period from March 1, 2021 to February 28, 2022 for Fiji Development Bank borrowings through the issuance short and long term bonds, promissory notes, term deposits, other short term borrowings and any financing facilities of the Reserve Bank of Fiji; and that a 0.075 percent guarantee fee be applied to the accumulated guarantee credit used.


Richard Naidu says Qereqeretabua writes his own speeches and doesn’t need anyone’s help after AG’s comments to Qereqeretabua and Professor Prasad

I give advice to a number of opposition MPs and even one or two from the government side – Naidu

Through Vijay Narayan, Naveel KrishantFriday 22/10/2021

Attorney General Aiyaz Sayed-Khaiyum and prominent Suva lawyer Richard Naidu. [Image: Parliament of Fiji ; MunroLeys]

Prominent Suva lawyer Richard Naidu has dismissed Attorney General Aiyaz Sayed-Khaiyum’s allegations that Naidu wrote the speeches of National Federation Party MP Lenora Qereqeretabua.

Sayed-Khaiyum told Parliament today that he really shudders when Qereqeretabua speaks.

He says he has known Qereqeretabua for a number of years and that the level of sarcasm in his speech is highly unusual of him.

Sayed-Khaiyum then went on to say that whenever Qereqeretabua speaks he tells her why Richard wrote the speech because Richard Naidu speaks like that and she doesn’t listen to Sayed-Khaiyum because she knows Sayed-Khaiyum is saying the truth.

The attorney general also told National Federation party leader Professor Biman Prasad that the problem is that he is relying too much on Richard. He said Richard had a chip on his shoulder and unfortunately that’s Prasad’s problem.

When approached by fijivillage, Naidu says that to her knowledge, Qereqeretabua writes her own speeches and she is one of the best orators in Fiji.

Naidu further says that Qereqeretabua does not need anyone’s help.

He adds that Sayed-Khaiyum seems to be obsessed with the idea that he is writing Qereqeretabua’s speeches.

Naidu says he heard that Sayed-Khaiyum continually intervenes during his speeches in Parliament, alleging this.

Naidu also says this is the same man who in the last session of parliament criticized opposition MPs who said one of his own MPs, Selai Adimaitoga, was reading a speech written by the prosecutor. general.

He further says he gives advice to a number of opposition MPs and even one or two from the government side and he would like to think that much of it is fair.



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