More than 55,000 active leases overseen by the iTaukei Land Trust Board (TLTB) play a significant role in bolstering Fiji’s economy. In its 2023 Annual Report, TLTB CEO Solomone Nata highlighted that the Board distributes approximately $120 million to landowners, supported by an annual rent portfolio valued at around $55 million.
Residential leases account for the majority of these, with over 32,000 in place, while nearly 16,000 agricultural leases encompass more than 162,000 hectares of land. Nata emphasized that the extensive leasing operations underscore the necessity for legislative frameworks related to land management to adapt and remain pertinent. This balance is critical for national development while ensuring fair and equitable returns to landowners.
Despite these positive contributions, the Board faces substantial challenges due to rent arrears, particularly within the residential and agricultural leasing sectors. Addressing this issue will be essential for the continued success and sustainability of the leasing system in Fiji, as the TLTB strives to enhance support for landowners and promote responsible land management practices.
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