Members of the Yavusa Ketei in Savusavu have more than a reason to celebrate this festive season after they received their first premium payout of $115,700 from the Land Bank this afternoon.
While handing out the cheque, the Minister for Land and Mineral Resources Ashneel Sudhakar said this was made possible through the 2010 Land Use Act where landowners deposit their vacant land to the Government for development purposes while retaining the full ownership of the land.
Minister Sudhakar added that these land areas are then developed by the Government and the resource owners receive payments from the land once leased.
“This is not a land grab, where Government comes and takes your land away from you. The land still belongs to you,” he said.