BANK IS BEN­E­FI­CIAL: KATONITABUA

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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.

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