Maria David
THE Helao Nafidi Town Council has reportedly approved the write-off of approximately N$5.3 million in unidentified accounts and interest on outstanding accounts exceeding N$55.2 million as of 30 December 2024.
Town Mayor Darius Shaalukeni said this decision came after the Council resolved to write off interest accumulated on municipal bills.
Shaalukeni said that in an ever-evolving economic environment, towns and municipalities should consider permanently eliminating interest rates if there are no risks from borrowers or if the town has not incurred costs associated with acquiring funds. This would allow residents to pay only for their principal debt.
“We encourage people to pay their accounts on time to avoid further interest charges,” he said.
He added that the Council made this decision in response to residents’ requests and in consideration of the global economic downturn, which has severely affected local economic activities and led to the closure of some businesses in town.
Shaalukeni indicated that the decision will provide relief to residents and businesses by removing interest accumulated on outstanding account payments.
He then urged residents to honour their municipal accounts, emphasizing that revenue collection is crucial for the town’s development.
