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Parliament

Developing iTaukei land and resources needs funding

April 4, 2019 12:44 pm
Opposition MP, Mosese Bulitavu [left] and Fisheries Minister, Semi Koroilavesau [Source: Fijian Parliament]

Developing iTaukei land and resources will only come to realization through appropriate funding.

This was highlighted by Fisheries Minister, Semi Koroilavesau in parliament yesterday while responding to the debate on the Fiji Development Bank’s 2016 annual report.

Koroilavesau says the FDB is the avenue available for iTaukei landowners to tap into.

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“We have discussed a lot of issues about iTaukei as a race and iTaukei as resource developers, however, the only way we can develop our land and resources is by going to the FDB, get financing and develop our resources. Without that we will be discussing the development of our assets and land in this parliament and it will not come to anything.”

The Minister reminiscing on his personal borrowing for the bank says FDB has always been considerate when it comes to timelines on repayments.

Opposition MP, Mosese Bulitavu sharing the similar sentiments of the Minister encourages iTaukei landowners to visit the FDB and take note of the initiatives available.

He urged the government to reinstate the previous initiatives aimed towards assisting iTaukei and Rotuman landowners.

“Potential indigenous iTaukei and Rotumans to spring into commercial sector given that there was springboard in place. I think that is something that is not available now. The bank cannot work alone, other stakeholders will have to work together with the bank to provide the necessary environment to allow for growth.”

The FDB provides finance and advisory services particularly in the development of agriculture, commerce and industry.

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