(Source: Government of Fiji/Facebook)

Since 2013, $42.5 million has been provided to landowners who lease their land to Fiji Pine Group Limited under the Lease Security Bonus Payment Programme.

Yesterday, the owners received their final bonus payment of $6 million, which serves as a reliable source of additional income.

Speaking at the ceremony in Lautoka, Minister of Forestry Alitia Bainivalu said this final payment not only highlights the company’s appreciation for landowners but also demonstrates the success of a partnership based on mutual benefit.

He adds that this initiative has served as a constant performance-based dividend, ensuring that landowners receive a share of the industry’s profits.

Bainivalu emphasizes that for many landowners, this partnership has meant stability and sustained financial support.

It also emphasizes that while bonus payments conclude this year, Fiji Pine remains committed to delivering returns to landowners through a revised dividend model that will begin in 2025, aligning payments even more closely with the company’s performance. industry.