The Fiji Hardwood Corporation (FHCL) has made a historic advance payment of $879,739.69!
This payment, handed over by FHCL Chairman Mr. Iowane Naiveli to the Minister for iTaukei Affairs, Hon. Ifereimi Vasu, marks a significant milestone for 230 mataqali whose land is leased under FHCL and for all mataqali whose land was harvested with mahogany in 2023.
For the first time in 6 years, FHCL has moved from arrears to an advance payment, showcasing their commitment to supporting the landowners. The handing over ceremony took place at a crucial time as schools begin, allowing these mataqali to utilize the funds for the education of their children.
Hon. Vasu graciously accepted the cheque on behalf of the 230 landowning units and expressed his gratitude, saying, "It is indeed an honor for me to receive this cheque. Our vision is to uplift the lives of our people, expanding the role of the Ministry from an administration role to an organization that is driving the economic development of the iTaukei."
This incredible gesture from FHCL not only benefits the individual LOU members directly but also aligns with a broader vision for the economic development of the iTaukei.