STAFF WRITER
Namibia needs N$506.7 billion in the next four years to achieve the goals set for the National Development Plan 6 (NDP6) which runs until 2030.
This was revealed by the special advisor to the Prime Minister, Asser Ntinda while reading a speech on behalf of his principal at the launch of the Government Institutions Pension Fund (GIPF) on Wednesday.
The NDP6 is hinged on four interrelated development principles which are sustainable development, people-centred, integrated planning and partnerships.
Ntinda said these four principles are a collective response to the three development goals outlined in NDP6.
“NDP6 has lofty goals and impressive targets. It has 47 focus areas, 80 programmes, and 243 sub- programmes. To implement all these projects by 2030, we need N$506.7 billion. This is not a small change. This budget, therefore, needs all of us,” Ntinda said.
According to Ntinda Namibia’s macroeconomic position presents opportunities for
Growth.
He said there are major shifts and advances in the oil and gas, green hydrogen, and mining sectors in the country, providing further prospects for supporting broader national development through focussed and responsible investment in these sectors.
“I strongly believe that the GIPF and its investment partners are positioning themselves positively to consider investments in these sectors. This will meaningfully and with impact support GIPF’s mandate whilst driving socio-economic development in Namibia,” he said.
Ntinda said the launch of the GIPF strategic plan is closely aligned to the country’s developmental agendas such as Vision 2030, the Sixth National Development Plan, NDP6, and the United National Sustainable Development Goals (SDGs).
These are meant to create societal value through stimulating economic activity, reducing poverty, promoting social development, and supporting regional
equity.
“GIPF should continue to contribute to Namibia’s national development goals by investing in sectors that support national priorities and long-term socio-economic growth. As a responsible institutional investor, GIPF must work closely with its Asset Managers to allocate capital to sustainable development initiatives that generate measurable social and environmental outcomes.
“These investments contribute significantly to national development while preserving and growing value for its members,” he said.
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