Motion passed for parliament to guarantee FDB loans
It would be negligent to not guarantee the loans - AG

Motion passed for parliament to guarantee FDB loans

It would be negligent to not guarantee the loans - AG

By Semi Turaga
Wednesday 09/02/2022
Acting Prime Minister Aiyaz Sayed-Khaiyum. Photo: Parliament of Fiji

A motion for the Government to guarantee borrowings of the Fiji Development Bank from 1st March this year to 28th February next year has been passed in parliament.

There was opposition to the motion and parliament voted through acclamation.

The Government is guaranteeing $200 million through that period.

Acting Prime Minister Aiyaz Sayed-Khaiyum says it would be negligent to not guarantee the FDB loans.

He says the Opposition has not given any feasible alternative.

Sayed-Khaiyum says there are systemic issues that the Opposition does not want to address like the non-renewal of leases in the 1990s.

He adds there are ginger farmers who have collectively received nearly $1 million in loans in the last 8 months from FDB and there is a new package being put together for the new season.

FEATURE NEWS
iTaukei community dominates 2024 HIV statistics in Fiji with 89%
The i-Taukei community is dominating the HIV statistics in Fiji with striking 89 percent, according to the latest data presented at the Global AIDS Mo...
46 minutes ago
LATEST NEWS
Police seek assistance in identifying the victim of fatal accident in Navua last Friday
Police are seeking public assistance in identifying the victim of a fatal accident that occurred in the Southern Division on the 1st of this ...
23 minutes ago

Mangal and Akauola to appear on fijivillage Straight Talk With Vijay Narayan at 7 tonight
Adult Teen Challenge Fiji Executive Director, Hemraj Mangal and Director, Matai Akauola will appear on fijivillage Straight Talk With Vijay Narayan ...
3 hours ago

Trump confident that he will win the US election as voting is underway
Voting has begun in the battleground states expected to decide who will be the next US president between Vice President Kamala Harris and former ...
4 hours ago

CID investigates the death of a man held in custody at Savusavu Police Station
Officers from the Criminal Investigations Department Headquarters have been directed by the Acting Commissioner of Police Juki Fong Chew to ...
5 hours ago

Crowne Plaza named best New Resort in Pacific
Crowne Plaza Fiji Nadi Bay Resort & Spa is the winner of the New Hotel - Pacific category and was awarded a Highly Commended for the Fijian ...
18 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
Sashi Kiran appears on fijivillage Straight Talk With Vijay Narayan
Assistant Minister for Women, Children and Social Protection, Sashi Kiran appears on fijivillage Straight Talk With Vijay ...
24 hours ago

Pio Tikoduadua appears on fijivillage Straight Talk With Vijay Narayan
Minister for Home Affairs, Pio Tikoduadua appears on fijivillage Straight Talk With Vijay ...
1 day ago

Inia Seruiratu appears on fijivillage Straight Talk With Vijay Narayan
Leader of the Opposition, Inia Seruiratu appears on fijivillage Straight Talk With Vijay ...
2 days ago

TOP