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Land and investment, new opportunities

Nananu villagers in Rakiraki have learnt first-hand that it’s better to investment your land for commercial purposes inn Last Saturday marked a new exciting chapter in the lives of Nananu
24 Mar 2014 11:14

Nananu villagers in Rakiraki have learnt first-hand that it’s better to investment your land for commercial purposes inn

Last Saturday marked a new exciting chapter in the lives of Nananu villagers in Rakiraki.
They received a cheque of $90,000 as “humanitarian” fund and papers validating the leasing of 300 acres of vacant land for three years by a bottled water company called 480 Holdings. The Land Bank had facilitated the coming together of the landowners and the investor to reach a historic deal with the payment of the “humanitarian” fund.
This project is significant because it will provide employment and transform the lives of people. It will enable the villagers to expand their economic activities because they have some capital.
Landowners’ spokesman Mosese Ritova could not hide his joy and emotions. He said it was a proud day for the village with about 300 inhabitants. They have every reason to be happy.
For several years, they have worked on securing this project. With the help of Government, through the land bank, their dream has finally come true.
In November 2011, 480 Holdings visited the Prime Minister, Rear Admiral (Retired) Voreqe Bainimarama to discuss the project. The PM stressed the need to help the community to develop and improve the people’s lives. This project underlines the Land Bank’s over-arching objective to stimulate economic growth. Three Hundred acres of vacant land will now be put to productive use. This should encourage landowners with a lot of idle land to use it. Commissioner Western Commander Joeli Cawaki says there is more unutilised land in the Western Division. This land can be used for commercial ventures that would benefit the landowners in the same way as it did to the Nananu villagers.

nemani delaibatiki
Feedback: nemami.delaibatiki@fijisun.com.fjj




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