Sunday, May 19, 2024
601 ad

$1.2m grant to assist payment of expired leases

The i-Taukei Land Trust Board has received a government grant of over $1.2m from the Ministry of Finance to assist in offering payments for 218 expired leases.

Prime Minister Sitiveni Rabuka announced on his social media page.

In a statement, Rabuka said these expired agricultural leases are in the Western, Central, and Northern Divisions.

However, TLTB will now process new leases with a 50-year term.

TLTB said they are grateful to the government, and Minister of Finance, as this payment provides great relief to the farmers.

It said it will also boost the agricultural sector, both on cane and non-case crops.

Around 1777 agricultural leases are expiring this year to 2034 and the TLTB is urging tenants to productively use the land and update rent payment as requisite for renewals.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

MORE FROM FIJILIVE

Three arrested with meth in Koroniv...

Three men were arrested following a raid in Koronivia on Friday nig...

Let’s get to the real culprit...

As Fiji today marks the 24th anniversary of the 2000 Coup which was...

Two men arrested with drugs in Ba

A raid conducted in Yalalevu, Ba yesterday resulted in the arrest o...

Vanua Levu on the brink of a new er...

Deputy Prime Minister and Minister for Finance, Professor Biman Pra...
Fijilive Ad

trending

error: