TLTB distributes about $70m annually
August 27, 2018 7:54 pm
The I-taukei Land Trust board distributes approximately seventy million dollars annually to its landowners.
This was revealed by Prime Minister and I-taukei Affairs Minister Voreqe Bainimarama as he confirmed the appointment of Tevita Kuruvakadua as the new Chief Executive Officer for TLTB.
Prime Minister Voreqe Bainimarama says the key focus for Kuruvakadua is to meet and deliver all needs of its stakeholders and to have a positive contribution to Fiji’s economic growth of which a large part of TLTB’s work involves the leasing of I-Taukei land.
Bainimarama says TLTB manages over 40,000 various types of leases covering 422, 201 hectares of land.
He says Kuruvakadua’s appointment will further strengthen and drive the institution’s strategies and with increased responsibilities to ensure that TLTB delivers against its National Development plan.
With an increase in the development needs of various stakeholders, Bainimarama says the demand for land leases on I-Taukei Land continues to grow on an annual basis.
Bainimarama says TLTB is looking forward to working with Kuruvakadua in undertaking a series of initiatives and strengthening of policies.”-