The iTaukei Land Trust Board currently holds $40 million on behalf of more than 45,000 Fijian landowners who are below the age of 18, says Prime Minister Voreqe Bainimarama.
Speaking at the Ba Provincial Council meeting on Tuesday, he said the initiative had “created several young iTaukei millionaires, all of whom can access their funds when they turn 18 to give them a head-start in their lives”.
“They can start a business, buy a house, or buy a car. Everyone is now receiving the same amount — chiefs and commoners alike,” Mr Bainimarama said.
“Not only have we protected your land, but we are also finding ways to increase its value and ensure the benefits of land leasing are enjoyed equitably by your community members –– including women and young people.”
Mr Bainimarama said since becoming prime minister, he had made his definition of national progress clear — progress only counts when every Fijian sees the benefits, not only the elites.
“That is why my Government enacted the equal distribution of lease monies in 2011.
“This ensured that everyone listed under a land owning unit in the Vola ni Kawa Bula received equal shares of lease money. “That has made a huge difference in the lives of real people, and it corrects an injustice of many years’ standing.”
The three-day meeting continues today at Sorokoba Village.
