$200 million Government Guarantee to FDB important for growing entrepreneurs and farmers – Usamate

$200 million Government Guarantee to FDB important for growing entrepreneurs and farmers – Usamate

By Raynav Chand
Wednesday 09/02/2022
[image: Parliament of Fiji]

Minister for Infrastructure, Lands and Mineral Resources, Jone Usamate says the $200 million Government guarantee is important for growing entrepreneurs and farmers.

He says that the Fiji Development Bank is a critical organisation in Fiji’s economy and that the guarantee period will allow the new and upcoming farmers and businesses to keep growing step by step.

Usamate says FDB is the only bank that is delving into the business sector because it is risky and as leaders we need banks to give money into that sector.

He says micro, small and medium entrepreneurs all need money while subsistence farmers turning to commercial farming need capital.

Usamate also called on the Opposition members to be leaders and to do what is best for the country at the moment.

He says some of the comments from the Opposition do not reflect the fact that the members of parliament think what is best for the country and says that a lot of focus has been put on the elections.

Usamate also called out to the Opposition to be real leaders and to forget the elections.

He says elections will come and some of the MPs will be there and some of them will not be there, but after the elections you want to be able to say that I supported the farmers and entrepreneurs of the country regardless of the election results.

FEATURE NEWS
We have observed a decline in the number of superbugs at CWM - MOH
The Ministry of Health has today said that they have observed a decline in the number of antibiotic-resistant organisms or superbugs being isolated at...
6 hours ago
LATEST NEWS
Grace Road found to be breaching employment and health and safety laws
Grace Road Company throughout Viti Levu has been found to be breaching the Employment Relations Act 2007 and the Health and Safety at Work Act 1996 ...
3 hours ago

USP Celebrates Global No.1 Rankings for Tourism and Hospitality Programmes
The University of the South Pacific (USP) has achieved global recognition for its excellence in Tourism and Hospitality Education, earning the No. 1 ...
4 hours ago

Open-heart surgeries for Fiji and the region
Great news for the people of Fiji and the greater South Pacific Region as the regions largest and highest rated super-specialty private hospital ...
5 hours ago

Australia launches bill to ban social media for children under 16
The Australian Government has tabled a bill in parliament that aims to ban social media for children under 16 and proposed fines of up to $73.3 ...
5 hours ago

6,659 drug cases recorded in 5 years with 1,615 cases recorded last year - ACP Raikaci
6,659 drug cases were recorded by the Fiji Police Force over the last five years, with last year seeing the highest with 1,615 cases. Acting ...
6 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Doctor Alipate Vakamocea on fijivillage Straight Talk with Vijay Narayan
Fiji Medical Association President, Doctor Alipate Vakamocea will appear on fijivillage Straight Talk with Vijay Narayan The show will focus on ...
8 days ago

Mangal and Akauola on fijivillage Straight Talk With Vijay Narayan
Adult Teen Challenge Fiji Executive Director, Hemraj Mangal and Director, Matai Akauola appear on fijivillage Straight Talk With Vijay Narayan The ...
8 days ago

Sporting federations demand answers from FASANOC
National sporting federations who are part of Fiji Association of Sport and National Olympic Committee or FASANOC, are still calling for answers and ...
14 days ago

TOP