Pine landowners prioritise investing lease money
7 May, 2018, 6:00 pm
LONG term plans for establishing new businesses and tapping on investment opportunities have become priorities of some pine landowners in the North following the lease bonus payout of $2.8million.
The landowners of Macuata and Bua admitted that this was the first time for them to receive such a huge payout from Fiji Pine Ltd.
Mataqali Naita of Votua Village in Lekutu, Bua, received $48,000 for 70 members and clan spokesperson Ratu Jovesa Sabolalevu said they would definitely invest.
“We will also buy machinery to cater for logging business so that our future generation can also benefit,” Mr Sabolalevu said.
“We need to move away from the days of just surviving on our lease money and we need to invest and set up businesses for long term purposes.”
Another landowner Dike Baleinamau of Tiliva Village in Bua said they would do also invest for the future with their lease payout.