PRESIDENT NANDI-NDAITWAH MEETS SWANU TO DISCUSS NATIONAL ISSUES

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Talks between President Netumbo Nandi-Ndaitwah and the Swanu of Namibia Party focused on several national issues, including the N$100 increase in the old age pension announced in the recent national budget, during today's courtesy meeting at State House.

Pension hike could push social grants bill to N$9 billion - Humavindu

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The Namibian government spends around N$7 billion yearly on social grants, with old-age pensions accounting for nearly half of the total. 

Michael Humavindu, the Executive Director in the Ministry of Finance, cautions that raising the pension to a mere N$2,000 could push the bill close to N$9 billion.