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$33.6m set aside for youths

Repeka Nasiko
Saturday, February 17, 2018

PRIME Minister and iTaukei Land Trust Board chairperson Voreqe Bainimarama has revealed that 38,600 iTaukei youths will collect a total of $33.6 million from TLTB lease money when they turn 18.

He made the revelation during a public consultation with landowners and sugarcane growers in the Western Division earlier this week.

The PM also said the TLTB issued 2100 new leases in 2017.

"From the current 40,000 leases, TLTB collected and distributed $73m in trust income for the landowners," Mr Bainimarama said.

"And a total of 38,600 iTaukei landowners under the age of 18 years have total funds of $33.6m saved in their individual savings accounts for their future and their shares will be given to them when they turn 18."

He also explained a new long-term agricultural lease introduced by TLTB would benefit both landowners and tenants.

However, the PM also emphasised the need to ensure that landowners had parcels of land available for their own use.

"There is a need to strike a balance between the accessibility to land and the future needs of the landowners.

"This is undertaken by TLTB through the reservation of land process which encourages the landowners to put aside land reserves for their future generations.

"In 2017, the board set aside 2106 hectares of land for 13 landowning units that had applied for this process."

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