Nasomo Village landowners receive 2nd royalty pay-out
December 23, 2018 12:55 pm
The landowners from Nasomo Village in Vatukoula, received their second royalty fair share pay-out yesterday.
Lands Minister, Ashneel Sudhakar handed over the payment of $62, 705 to 123 landowners who are members of the Nasomo Landowners Trust for the period – September to November.
Sudhakar says this has been calculated and aligned to regulation five, Fair Share of Royalties under the Fair Share of Mineral Royalties Act 2018.
He adds the act states, 80 percent of the royalty be given to the owner and 20 percent be retained by the State.
The Minister urged the landowners to use their payments wisely and invest it towards their children’s education.