Prime Minister, James Marape has welcomed the strong financial performance of Nambawan Super Limited, describing the Fund’s growth to K13 billion in assets as a positive indicator of confidence in Papua New Guinea’s economy and financial sector.
The Prime Minister made the remarks following the release of Nambawan Super’s 2025 financial results, which confirmed solid growth in membership, investment performance and overall fund value.
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Prime Minister Marape said superannuation funds play a vital role in safeguarding the retirement savings of Papua New Guineans while also supporting national economic development through strategic investments.
“Nambawan Super’s strong results demonstrate the resilience of Papua New Guinea’s financial sector and the importance of sound governance, prudent investment management and long-term planning,” Prime Minister Marape said.
“It is encouraging to see one of our largest institutional investors continuing to grow and deliver strong returns for its members.”
According to the Fund’s results, Nambawan Super recorded a Net Asset Value of K13 billion for the year ending 31 December 2025, and declared an annual interest crediting rate of 12 percent, up from 10.5 percent in 2024.
Membership also continued to expand, growing by 4.1 percent to more than 245,000 members, with over 9,600 new members joining during the year.
Prime Minister Marape said these figures reflect growing participation in the formal economy and increasing confidence among workers and employers in the country’s superannuation system.
“Nambawan Super plays a critical role in protecting the retirement savings of Papua New Guineans while also contributing significantly to national development,” he said.
The Prime Minister noted that the Fund remains one of the country’s largest investors, with significant investments supporting both the Government’s fiscal programme and the wider domestic economy.
In 2025 alone, the Fund invested K5.6 billion in Treasury Bills, supporting government financing, while K9.7 billion remained invested within Papua New Guinea’s domestic economy.
Prime Minister Marape said these investments help strengthen economic stability, support businesses and contribute to national growth.
“Our superannuation funds are not only protecting the future of our workers but also playing an important role in financing development and strengthening our economy,” he said.
The Prime Minister also acknowledged the Fund’s continued engagement with the Government on outstanding obligations and reaffirmed the Government’s commitment to addressing these issues responsibly.
He said the Government recognizes the importance of meeting its obligations to superannuation funds in order to protect members’ savings and ensure continued confidence in the country’s financial institutions.
“Our Government remains committed to working with Nambawan Super and other stakeholders to ensure that financial obligations are addressed in a responsible and sustainable manner,” Prime Minister Marape said.
“We value the role that superannuation funds play in building our economy and securing the future of our workers.”
Prime Minister Marape also welcomed the appointment of new Nambawan Super Chief Executive Officer Lachlan Baird and wished him well as he leads the organization into its next phase of growth.
“Nambawan Super is an important pillar of our financial system, and I look forward to continued collaboration between the Government and the Fund to strengthen retirement security and support economic development for our country,” he said.
Prime Minister Marape said the Government will continue working with the financial sector to strengthen governance, expand economic opportunities and ensure that Papua New Guinea’s workers benefit from sustainable long-term growth.