Nauru Phosphate Royalties Trust

Extra $3 million funds to flow from Nauru Phosphate Royalties Trust

Waqa said the additional funding was on top of previous allocations from the sovereign fund.

“This government is currently allocating these new cash payments, which is wonderful news for Nauruans,” he said.

“In stark contrast to the poor economic management by previous administrations of RONWAN funds, this government resolved to hand over possession of the funds held by the NPRT to landowners. 

“My Government recognises the need to do things differently from the way the country was managed in the past.