Minister for Lands and Mineral Resources Hon Ashneel Sudhakar handed over the sixth payout of mineral royalty fair share to the Nasomo Landowners Trust in Vatukoula on the 19th December, 2019.
Hon. Minister while distributing the payout money said that Christmas has come early for the 123 trustees of Nasomo as this was the highest payout to date.
“For this payout, a total of approximately $87,400 has been confirmed as mineral royalty fair share payout for the Nasomo Trust members,” he said.
He added of this $87,400, $20,000 was paid to the Trust early this week to facilitate the Trust’s plans to have a traditional “solevu” function for the land owned by the Trust.
The payout is for the period September to November 2019 and is the sixth such payout made to Nasomo since the enactment of the Fair Share of Mineral Royalty Act 2018.
To date the Government has paid out a total of approximately $400,000 to the Nasomo Landowners Trust.
Minister Sudhakar has called on the members of the landowners trust to utilize the money wisely and save some for their future generation.