Beyond Politics: Daki’s K50 billion loan Rescue Mindset 

Setting the Record Straight

PORT MORESBY: Commerce and Industry Minister and Tambul Nebilyer  MP Win Bakri Daki Parliament’s proposal for a K50 billion loan has sparked intense debate, with some critics questioning his approach. However, many of these critics may not be aware of Daki’s background and the thinking behind his proposal.

Speaking in Parliament, Daki emphasized the need for drastic measures to stimulate economic growth. “Why settle for small loans that yield minimal results?” he asked. “Let’s think big and get a K50 billion loan to distribute to all sectors, with a clear work plan and repayment strategy.”

In a passionate plea to Prime Minister James Marape, Minister Daki urged the government to secure a massive K50 billion loan to resuscitate Papua New Guinea’s ailing economy. We summarised his recent proposal and shed some light on his mindset for PNG’s economic growth challenge.

Loan Proposal

“Why don’t we get a K50 billion kina loan, Prime Minister? Distribute K1 billion to each sector, create a work plan, and a repayment plan, ” Daki asked Prime Minister James Marape.

Understanding Loans

“As someone with a business background, I understand that when we get more loans, our businesses grow. A big loan means fast growth. However, we need to grasp the concept of loans and repayment plans. Our country needs to move forward quickly.”

Importance of Repayment Plans

“A loan, whether big or small, is useless without a repayment plan. We must create a work plan and a repayment plan to ensure the loan is fruitful. Let’s not just talk about loans; let’s get the loan and create a plan.”

Papua New Guinea’s Resources

“We have abundant resources: coffee, cocoa, fish, and forests. Why not get a K50 billion loan and distribute it to each sector? Create a work plan, repayment plan, and decide who pays what.”

Economic Growth

“With this approach, our country will grow. Let’s not play politics with loan sizes. If we get a big loan, our country will prosper. I’m speaking in Pidgin, and I know the people understand.”

Repayment and Growth

“Get each department to repay their loans based on what they receive. With more loans, we can improve services like Air Niugini, get more planes, and increase cash flow. We can also acquire more ships.

As a businessman and entrepreneur, Daki has spent years building and managing successful companies. He has a deep understanding of the challenges facing Papua New Guinea’s economy  and the cashflow situation and has developed a unique perspective on how to drive loan repayment, growth and development.

Daki’s proposal for a K50 billion loan on the floor of Parliament in the PNG March 2025 Parliament Sitting is not just a random suggestion, but rather a carefully considered plan to unlock Papua New Guinea’s economic potential.

By understanding where Daki is coming from, it becomes clear that his proposal is a genuine attempt to find innovative solutions to the country’s economic challenges.

Exclusive Interview

In an exclusive interview with The PNG Herald and PNGVision4040 News Network, this morning, Minister Win Bakri Daki revealed his mindset.

In sharing his vision for Papua New Guinea’s economic future, Daki emphasized the need for innovative thinking, with his key motto “Think Outside the Box.”

He emphasised the importance of exploring new and creative solutions to drive economic growth and development and to step outside of

In the context of his recent call for a K50 billion loan to uplift the nation’s struggling economy, Daki’s statement suggests that he is open to unconventional approaches to address the country’s economic challenges.

Daki’s Call for Innovative Thinking

Daki emphasized the need for innovative thinking and strategic investment in key sectors. He highlighted the importance of reserving certain activities for Papua New Guineans, promoting downstream processing, and establishing manufacturing plants within the country.

Daki’s vision is to drive economic growth, create jobs, and increase revenue through sustainable development. By focusing on downstream processing and manufacturing, Papua New Guinea can move beyond exporting raw materials and instead, produce high-value products for both domestic consumption and export.

Set to launch Manufacturing Policy

Minister Daki is set to launch the Government’s Manufacturing Policy this month (March 2025), which he says, will highly focus on downstream processing and the protection of reserved business activities for Papua New Guineans.

(Minister Daki’s Statements were delieverd to Parliament in Tok Pisin to reach PNG’s inclusive population, as his focus was to allow all Papua New Guineans to understand- we translated into English)