Prime Minister James Marape affirmed his government’s commitment to strengthening Papua New Guinea’s Superannuation Sector as a foundation of long-term Economic empowerment.
Marape expressed this during his visit today to the National Superannuation Fund (Nasfund) Head Office in Port Moresby.
In a forward-looking address to the Board, Management, and Staff of Nasfund, Marape emphasised that Superannuation must evolve beyond Retirement Savings into a tool for building intergenerational wealth, housing security, and SME-driven economic participation for Papua New Guineans.
The Prime Minister made it clear that his visit was not to interfere with the independence of the Fund, but to strengthen collaboration between Government and Superannuation institutions.
“I am not here to take over or interfere. I am here to support and empower you, and to ensure Government works with you to maximize benefits for our people,” Marape stated.
Super Funds as the foundation of people-centred Economic Growth, Marape described Superannuation Funds like Nasfund as essential pillars that safeguard the dignity of PNG’s workforce.
“You provide a safety net for our workers and give them a decent send-off into retirement. You give them a bridge through life’s challenges and a foundation for the future,” he said.
He commended Nasfund’s strong governance, prudent investment strategy, and disciplined management, noting that its continued performance demonstrates the capability of Papua New Guinean institutions to deliver world-class results even in a challenging economic environment.
Marape also identified housing as the most practical and impactful pathway to Wealth Creation for ordinary citizens. He outlined a vision where every working Papua New Guinean is linked to Land and Housing through Superannuation supported frameworks.
“If every Member is linked to land and housing, we are not just saving money — we are building billions of Kina in national wealth for families and future generations,” he said.
The Government is now actively exploring partnerships with Super Funds to unlock land access and integrate Housing into retirement planning. Linking Retirement Savings to SME growth.
Prime Minister Marape also proposed integrating superannuation withdrawals with Small and Medium Enterprise (SME) development, ensuring retirees remain economically active.
