Sunday, May 19, 2024
601 ad

Govt to review and assess lease renewals

Prime Minister Sitiveni Rabuka says the Cabinet has directed the Ministry of Finance to review and further assess the renewal of 1,780 TLTB leases that will be expiring from 2023-2030 and propose necessary lease premium initiatives in the 2024-2025 Budget.

Rabuka said in its first Cabinet Meeting held in January, they approved the provision of $1,220,893.36 to clear outstanding lease payments and lease arrears for 218 farmers.

The Prime Minister said this will facilitate the issuance of long-term leases (50 years) to 218 farmers and encourage them to continue farming.

Rabuka said a task force was formed in September 2023 to deal with issues regarding land leases, renewals, and land premiums for sugar and non-sugar agricultural land.

He said following consultations, the Taskforce noted that a total of 2,180 agriculture leases will be expiring in the period 2023 to 2030, including the lease rental arrears of 218 farmers.

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: