President Hage Geingob says his hope is that the old-age pension grant will be increased to N$2000 or more.

Dr. Geingob says his desire is to see this happen before he leaves the presidential chambers.

Currently, over 202,294 pensioners receive the monthly old-age grant.

The Namibian leader recalled the devastating impact of the COVID-19 pandemic in 2020, which prompted the government to enact policies and provide fiscal support to businesses and cash grants to more than 500,000 Namibians.

These interventions allowed the most vulnerable Namibians to absorb some of the shock of the pandemic.

"As we traversed these difficulties, the government increased the old-age pension grant from a meagre N$600 in 2016 to N$1,400. Before I leave office, I hope that the Old Age Pension grant will be increased to N$2,000. Food banks, which are now being converted into a conditional basic income grant, were rolled out to all regions of the country, assisting food-insecure Namibians in urban and peri-urban areas. The Harambee Prosperity Plan II, which I launched as part of a post-COVID-19 economic recovery plan with a specific focus on strengthening our social safety nets and the creation of new engines of growth, is bearing fruit."

In 2023, dubbed by the President as the Year of Revival, Dr. Geingob said he was pleased with the giant steps made as a nation towards collective prosperity, along with his ambition to leave Namibia in better shape come March 2025.