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Landowners will continue to be supported: PM

May 18, 2022 12:20 pm

Prime Minister Voreqe Bainimarama has again stressed that they will continue to support landowners.

Speaking during the groundbreaking ceremony of the iTaukei Land Development Grant in Vuda today, Bainimarama says backing landowners help them maximise land for financial benefits, security and prosperity of future generations.

Bainimarama says the problem was that many landowning units did not have upfront capital for major investments to develop their land so that they could lease it out for high returns.

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He says this left communities vulnerable to exploitation by outside interests with deep pockets, and bad intentions.

“Given the strength of the commercial case for subdividing and leasing out land, the government decided they would help communities and ambitious individuals to unlock the capital they needed to develop their land and receive the right rental. Once this was done, we’d get out of the way and leave landowners with benefits that will pay out for generations.”

According to the Prime Minister, the groundbreaking in Vuda is a promise of greatness to come that stands for partnership, vision, investment, and innovation.

Bainimarama adds this is a testament to their practical approach to empowering all Fijians.

“We don’t only empower landowners through these developments. Every lot we subdivide and make available, can become a home that can house a Fijian family. Every day we spend developing the land, we employ hard working people, including many from local communities. Every project we complete adds to the strength of our economy and that benbefits everyone.”

The site is the second subdivision in Vuda, and the 6th in Fiji.