79 i-Taukei landowning units deposited their land in Land Bank

79 i-Taukei landowning units have deposited their land in the Land Bank since 2011.

Director of Land Use Unit, Samuela Naicegucegu said a total of $4 million has been paid to the landowners whose land has been leased out to the investors.

He said the Land Use Unit through the Land Reform initiatives will enhance its efforts in identifying the best and highest use of the idle land deposited in the Land Bank so that they have dramatic impact in the economy.

60 percent of the members of a landowning unit have to agree to deposit their i-Taukei land into the Land Bank.

The lease rental is based on market rates and the landowners receive the full amount as there is no administration cost involved.