Pine landowners across Fiji celebrated a significant milestone with a distribution of a $6 million bonus, marking a historic advancement for the pine industry. Since the lease security bonus program was established in 2013, it has provided a total of $42.5 million to landowners as an annual dividend based on the industry’s performance.
Addressing the gathering, Minister for Fisheries and Forestry Alitia Bainivalu expressed her enthusiasm for the distribution of the Lease Security Bonus Payment (LSBP), emphasizing the valuable partnership between Fiji Pine Limited (FPL) and its landowners. During the recent ceremony at the Fiji Pine headquarters in Lautoka, she personally handed out cheques to representatives from 22 different tribes, alongside the Fiji Pine Trust.
Bainivalu noted that this year’s distribution marked the last ceremony of its kind, as beginning in 2025, FPL plans to directly transfer dividends to landowners’ accounts based on performance. She assured the attendees that the revenue generated from the industry, particularly from log sales, contributes significantly to supporting landowners and the local economy, promising a sustainable future for both the industry and local communities.
Fiji Pine Limited’s Chairman, Ratu Rakuita Vakalalabure, highlighted the industry’s broader impact, stating it supports approximately 25,000 landowners across 422 landowning units, with additional economic opportunities stemming from related sectors that engage over 500 staff and multiple contractors.
In a positive step for the Yavusa Nasolo landowners, Mereoni Kulu shared ambitious plans on how they intend to utilize their payout of $151,677.03. They are prioritizing funding for students in need of financial assistance and are also focusing on community development projects, including establishing poultry farms and small businesses. The initiative aims to empower local women, including single mothers, through workshops to enhance their skills and assist with their business aspirations.
This development signifies not just a financial boost for landowners but also an investment in education and community growth, fostering positive change across the region.
Overall, this distribution and the future plans show promise for enhanced economic stability and community empowerment in Fiji, creating a hopeful outlook for landowners and their families.
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