The iTaukei Land Trust Board (TLTB) has taken a significant step towards enhancing transparency and asset management by approving a comprehensive valuation of all native lands under its jurisdiction. This initiative, presented by Chief Executive Solomone Nata during a board meeting on October 16, aims to provide accurate data for planning and investment decisions that will benefit native landowners.
The valuation will encompass 12,762 land titles managed by TLTB, which represent a total area of 116,197 hectares. This includes 56,700 hectares designated as reserve land and 43,312 hectares classified as leased land. Nata explained that the data will be gathered from various units, including Yavusa, Mataqali, and Tokatoka, while ensuring that the boundaries of divisions, districts, and provinces are taken into account.
To ensure the accuracy of land values, independent valuers will identify each parcel’s tenure—be it leased, unleased, reserved, or non-reserved. TLTB will also assess intangible assets associated with native land and develop guidelines to ensure consistent valuation methods across the board. A national registry is set to be established within TLTB’s database to store all valuation data, providing a structured approach to land governance.
The findings from this extensive valuation exercise will be presented to the Board of Trustees upon completion. This initiative not only aims to enhance asset management but also to strengthen decision-making processes regarding the future development of native lands.
This proactive approach by TLTB echoes its previous efforts to resolve land ownership issues and improve land management practices. In recent years, TLTB has confirmed ownership of various parcels of land, further empowering native landowners and supporting economic development. Furthermore, the board is committed to returning previously held lands to rightful owners, with a reported 91 percent of Schedule A and B lands restored to their communities.
These initiatives reflect a broader commitment to fostering a sustainable and equitable future for the iTaukei people, demonstrating the potential for improved livelihoods through effective governance and land management practices. As TLTB continues to engage with indigenous landowners, it promises a brighter outlook for the sustainable development of their ancestral lands.