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President Hage Geingob declares 2023 the "Year of Revival"

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Namibia is expected to earn between N$60 and N$95 billion in taxes per year, in addition to royalties from its estimated 6,5 billion barrels of oil.

The contribution to the country's gross domestic product (GDP) is expected to increase by more than N$600 million, thanks to the envisaged oil industry, by the year 2040.

President Hage Geingob shared this and other economic prospects for the country in his New Year's message.

The Head of State themed 2023 as the "Year of Revival," with a call on Namibians to look to the future with renewed hope and optimism.