Opposition’s attempt to remove the $2.5M allocated for Land Bank Investment in National Budget thrown out of parliament

Opposition’s attempt to remove the $2.5M allocated for Land Bank Investment in National Budget thrown out of parliament

By Vijay Narayan
Thursday 13/07/2017
From left: Aiyaz Sayed-Khaiyum, Niko Nawaikula and Viliame Gavoka

The opposition’s attempt to remove the $2.5 million allocated for Land Bank Investment in the 2017/2018 National Budget was thrown out of parliament today.

SODELPA MP Niko Nawaikula moved a motion in parliament to remove the $2.5 million Land Bank Investment allocation as he said this will be the only way to end the Land Bank system.

SODELPA MP Viliame Gavoka also says that the Land Bank should be removed.

Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum stresses that the itaukei land deposited in the Land Bank still belongs to the iTaukei landowners and the $2.5 million is to assist the itaukei landowners.

He says if the landowners were to lease their land through the iTaukei Land Trust Board, the land will also remain with them but TLTB will take away a certain percentage for administrative costs.

Sayed-Khaiyum says the Land Bank does not take any percentage from the lease to be given to the landowners.

He also highlighted that $1.8 million is allocated to the landowners in Legalega to develop 77 residential lots.

Sayed-Khaiyum says the $2.5 million Land Bank Investment is to assist the landowners to invest in their land so that they can get the maximum return from that.

He says the Prime Minister recently did the groundbreaking ceremony for the four land sub-divisions in Yadua, Saweni, Wairebetia and Vuda.

This is to help them to connect their land to utilities and the land still belongs to the landowners.

Sayed-Khaiyum says the landowners will get 100 percent of the money derived from their land.

He then went on to say that he hopes the landowners know that the SODELPA members who claim to be representing the iTaukei people are denying them the right to gain more money from it.

Meanwhile Agriculture Minister Inia Seruiratu also says that the land deposited in the Land Bank is getting more returns for the landowners.

SODELPA’s motion to remove the allocation was defeated in parliament.

Ratu Viliame Seruvakula elected as GCC Chair
Former Republic of Fiji Military Forces 3 FIR Commanding Officer and Wainibuka, Tailevu Chief, Ratu Viliame Seruvakula is the new chairman of the Grea...
1 hour ago
23 operational leaders in Fiji recruiting for suspected pyramid schemes – FCCC CEO
There are 23 known operational leaders, also known as coaches or mentors, across Fiji who are recruiting people for suspected pyramid schemes for ...
1 hour ago

ANZ repels millions of unsuccessful cyber attacks
There have been millions of unsuccessful cyber attacks targeted towards the ANZ network in a month to get access to the system however, via a strong ...
1 hour ago

You must be Chiefs for all - Rabuka
As an elected politician I do not act only for the iTaukei, I’m the servant of all communities that call Fiji home. That was the message from ...
1 hour ago

BSP Life pays $94 million in benefits, highest payout in 147 years
BSP Life, Fiji’s largest Life and Health insurer, and member of the BSP Financial Group, paid $94 million in various customer benefits in ...
3 hours ago

Drivers concerned about speeding Government vehicles along Queen’s Highway
Following serious concerns raised by many drivers about government vehicles that have been seen speeding and driving dangerously along Queen’s ...
4 hours ago


fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Kishore Kumar Trial
Kishore Kumar is charged with allegedly making false claims on his Facebook page, Kishore Kumar Publications that there was a porn video of ...
8 days ago

Concerns raised regarding the state of CWM Hospital
General and Chief Pediatric Surgeon at the CWM Hospital, Dr Josese Turagava says due to the increase in the number of people who are moving to the ...
9 days ago

HSBC Perth 7s 2024
The Fiji Airways Men’s National 7s side secured a 4th place finish at the HSBC Perth 7s while the Fijiana 7s finished 8th in the Women’s ...
25 days ago