Sunvoice

There’s Money To Be Made From Idle Land

iTaukei landowners should take advantage of the $10 million Government initiative to help them develop their land. Four development projects financed by this fund are progressing and the landowners are
02 Jun 2016 12:44
There’s Money  To Be Made  From Idle Land
money

iTaukei landowners should take advantage of the $10 million Government initiative to help them develop their land.

Four development projects financed by this fund are progressing and the landowners are grateful for the assistance.

Their idle land is now being put to good use which will earn them financial returns they only dreamed about.

The four developments projects are for the chiefly tokatoka of Navitorutaru of Lawaki Village, Wairabetia for the tokatoka Korovatu also of Lawaki Village, in Vuda for the tokatoka Nakelo of Viseisei Village and in Yadua, Sigatoka.

It is common knowledge that the iTaukei own most of the land in Fiji. While they are asset-rich they are cash-strapped.

It’s now time that they must wake up and realise that they can also be cash-rich if they develop their land for income-generating projects.

Many commercial projects today whether they are in agriculture, manufacturing, tourism or even technology depend on the availability of the land. So the iTaukei have this resource that many business entrepreneurs seek.

With this financial assistance, the iTaukei landowners can also become business entrepreneurs themselves.

They can develop and lease their land for premium rates or they use the land for other commercial projects that can give them the full benefits.

The range of income-generating activities that they can engage is limitless. It requires innovative ideas to capitalise on these opportunities.

There are several organisations with the expertise available to steer them in the right direction. If their land is administered by the iTaukei Land Trust Board, the TLTB has a business division and it can give them sound advice.

Those who have placed their land with the Land Bank will also get appropriate advice from the experts.

Land lying idle is not good for the landowners or the country. It’s a vital resource that has the potential of stimulating much-needed economic activities.

There is so much land still lying idle that when put to profitable use can generate a lot of economic growth.

It is understandable that after Cyclone Winston we have run short of some basic fresh food like bananas and pawpaws. Maybe we should be looking at preserving these in the times of abundance. We have the resources and we can do it.

Alipate Tavai, a landowner from the tokatoka Nakelo in Viseisei Village near Lautoka, said: “We need to wake up and grab the initiative given out by the Government.”

They are developing and subdividing their land for residential lots on a hill with full view of the Garden of the Sleeping Giant, Nadi International Airport, Denarau, the Mamanucas and the Yasawas. If Mr Tavai sells a lot for $100,000, $10,000 goes to the tokatoka. That’s a lot of money and this has only been made possible because of the capital to develop the land came from the Government initiative.

That kind of development can be replicated right across the country and earn landowners thousands of dollars.

Nemani Delaibatiki

Feedback:  nemani.delaibatiki@fijisun.com.fj

 

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