Historically advantaged Namibians should share their gains: Geingob

President HageGeingob called on people who historically benefited from Namibia's economic wealth to be willing to share their gains to readdress the skewed nature of the economy.

Opening the two-day 2019 Namibia Economic Growth Summit held under the theme 'Economic Revival for Inclusive Growth: Strengthening the Namibian House' here on Monday, the Head of State said Namibia has one of the most unequal societies in the world, due to historical structural exclusion.

Geingob noted that while some previously disadvantaged Namibians have benefited from empowerment opportunities, government acknowledged that it has not yielded the desired level of broad based transformation.

In order to equitably redress structural inequalities, empowerment opportunities must benefit a wider population. I have repeatedly stated that when we speak of poverty eradication and shared prosperity we are not connoting that every citizen will live in an opulent and excess, he said.

Geingob added that the government's aim is to ensure that it provides a society in which every citizen has an equal opportunity to receive the basic requirements for dignified life and to pursue their talents with equal opportunity.

Our governance approach is built upon consultation and partnership, where people are treated as equal in our ongoing efforts to deepen trust, he added.

The head of state said despite Namibia's achievement in governance, deficits, persist in our social economic architecture, adding that the status quo cannot continue and these structural imbalances will be redressed.

He further noted that Namibians have been politically empowerment through the attainment of independence and self-governance, therefore, as government over the last decade commenced the process to facilitate the broad-based economic empowerment.

The President expressed that it was against the prevailing economic climate that he appointed a high level panel on the economy in March 2019 to look at alternative solutions aimed at redressing unemployment, income and wealth inequalities and poverty.

I underscore the historic significance of this event, as this is no ordinary economic summit, but rather an undertaking to determine the economic destiny of our country, he stated.

He urged Namibians to move with unity, purpose, direction and urgency, in order to emerge victorious and deliver prosperity for all.

Source: Namibia Press Agency