Prime Minister Jotham Napat continues to question the progress and credibility of investments under the Capital Investment Immigration Program (CIIP).

He said while there has been a lot of talk about CIIP-funded developments, the government has yet to see real results from most of these projects.

Napat made these remarks during the groundbreaking of the New Town Subdivision Project on Efate, developed by Future Fund Company, which is the first actual investment under the CIIP program.

He questioned why other CIIP investments that were announced have not yet taken shape, despite the large amounts of money reportedly involved.

Prime Minister Jotham Napat:
“Under the CIIP program, one of the main components is investment. But since the start of the program, we haven’t seen any of these investments. We only hear about them , we don’t see them. Out of all the CIIP agents, this is the first one we’ve seen actually delivering.

This raises a lot of questions ,where do these funds go? These funds are supposed to be for the government. Some claim to have invested in kava, but we are still looking for the kava. Others say they invested in cocoa and coffee, but we don’t see anything. This raises serious questions about the credibility of the CIIP program.”

A recent VBTC report shows that there are over 20 agents managing the Citizenship Program under CIIP.