BANK IS BENEFICIAL: KATONITABUA
iTaukei land owners will continue to benefit from the Land Bank, says the Permanent Secretary for iTaukei Affairs Naipote Katonitabua.
But it is vital for landowners to fully understand the composition of the land bank.
Mr Katonibau made the statement while officiating at the workshop on Fiji the Land and the People at the University of Fiji Suva campus yesterday.
He said they would continue to encourage landowners to invest in their land, in the land bank - to bring more economic benefits to Fiji. “The main beneficiary of engaging in the land bank is that most of the lease money is provided to the land owners; not to the Ministry where the lease money are directed to the landowners themselves,” Mr Katonitabua said.
“Land owners who registered under the land bank will allow iTaukei Affairs to easily allocate the fair share of lease money to each members of the Land owning unit,” Mr Katonitabua said.