In a bold step toward redefining iTaukei economic empowerment, the Great Council of Chiefs (GCC) will today examine a concept paper proposing the creation of an Indigenous Natural Resource Trust Fund.
The proposal, set for discussion on day two of the council’s inaugural sitting at the newly redeveloped Vale Ni Bose in Draiba, seeks to deliver stronger, fairer returns to landowning units from the use of their natural assets.
GCC chairman Ratu Viliame Seruvakula said the proposal was still in its early stages but held great promise.
“If you look at the resource, what we’re getting is really strip-fitting — far less than what landowners should be receiving,” Ratu Viliame said.
“The idea is to maximise returns from land and natural resources.”
He noted that the Maori of New Zealand have offered technical assistance, with promising discussions already held in Wellington.
Local experts will also support the council in shaping the fund.
“If more time is needed before a decision is made, we’ll allow for that. This is just the first stage.”
The council also discussed a long-overdue review of the Native Lands and Fisheries Commission Act — the first in nearly 120 years.
“Many of the laws in place date back to 1905 and no longer reflect current realities.”
“Times, laws, and even constitutions have changed.
“We must adjust accordingly.”
He pointed to outdated requirements like securing 60 per cent approval from mataqali members for land use — once practical when communities lived in villages but now challenging with the iTaukei diaspora spread globally.
“This is just one example of why legal reforms are urgently needed to serve our people more effectively today.”
The two-day GCC meeting continues today, with outcomes expected to shape future indigenous economic development.
