Pine landowners from across Fiji have received a significant $6 million bonus, marking a pivotal advancement for the country’s pine industry. Since the program began in 2013, the Lease Security Bonus Payment (LSBP) has functioned as an annual dividend, totaling $42.5 million distributed to landowners based on the industry’s overall performance.
Minister for Fisheries and Forestry, Alitia Bainivalu, expressed enthusiasm during the distribution of the payments, emphasizing the importance of the relationship between Fiji Pine Limited (FPL) and the landowners who lease their land. In her remarks, she noted that this year’s payment reflects FPL’s dedication to its stakeholders. The payout was made at the Fiji Pine headquarters in the Drasa Sawmill Complex in Lautoka, with payments going to 22 tribes and the Fiji Pine Trust.
Bainivalu also announced that this would be the last ceremony for distributing LSBP cheques. Starting in 2025, Fiji Pine Limited will directly deposit dividends into the landowners’ accounts, continuing the practice that rewards industry performance. She highlighted how the revenue from the pine industry benefits local economies and contributes to a sustainable future for both the industry and the communities involved.
Fiji Pine Limited Chairman, Ratu Rakuita Vakalalabure, remarked on the positive impact of the sector, indicating that it supports about 25,000 landowners across 422 landowning units, alongside around 500 staff and over 15 contracting companies involved in various supportive activities.
In particular, the Yavusa Nasolo landowners have already devised plans for their newfound funds. Mereoni Kulu, daughter of the Turaga Ni Yavusa Nasolo, shared their priorities, focusing on improving educational infrastructure, especially for university students in their community. Additionally, they are aiming to establish small businesses, including poultry farms, village canteens, and baking ventures. There is also a strong emphasis on empowering women, with initiatives planned to help them develop their skills and support their entrepreneurial efforts.
This development signals not only a historical moment for the pine industry in Fiji but also illustrates the potential for community upliftment and economic growth, fostering a brighter future for many families and individuals involved.
In summary, the $6 million bonus allocation showcases the fruitfulness of the pine industry in Fiji and its commitment to landowners. The transition to direct dividends indicates a progressive approach towards stakeholder relationships, and the proactive planning of community projects by the Yavusa Nasolo exemplifies how these funds can catalyze sustainable development.
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