Aquaculture funding fails to deliver change, says Taveuni pearl farmer

A pearl farming operator in Taveuni has questioned the effectiveness of Government funding for the fisheries sector, describing the latest national budget allocation as “business as usual” with little sign of meaningful reform.

Under the 2026–2027 National Budget, the Ministry of Fisheries has been allocated $28.4 million to support aquaculture development, including seaweed farming and pearl oyster initiatives aimed at strengthening rural livelihoods and expanding marine-based industries.

However, Civa (Fiji) Pearls Ltd co-founder Claude Michel Prevost said the funding does not reflect any significant shift in policy or direction for the sector.

“As for aquaculture, I do not see new initiatives for or against, it is business as usual,” Mr Prevost said.

His comments come as Government continues to position aquaculture and pearl farming as key growth areas within the fisheries framework.

Mr Prevost, who has been involved in Fiji’s pearl industry for nearly two decades, said more decisive action was needed to drive innovation and expansion in the sector, rather than maintaining existing approaches.

Beyond sector-specific concerns, he also raised broader issues about the country’s economic management, including rising fiscal pressures.

“I am extremely worried by the fiscal deficit, debt and poor management of priorities,” he said.

He added that economic reform and diversification should take precedence to ensure long-term sustainability.

“It is no time for referendums, it is time to put the economy to work with deregulation and diversification,” he said.

Civa (Fiji) Pearls Ltd, founded in 2006, operates a 55-hectare farm in Wailoa Lagoon, producing pearls known for their natural colours, most of which are exported to European markets.

The company also undertakes community and environmental initiatives, including scholarship programmes, village partnerships, and reef rehabilitation efforts.

Mr Prevost’s remarks highlight a disconnect between industry expectations and government strategy, even as increased funding is directed towards developing Fiji’s aquaculture sector.