The Samoa Land Corporation, on Thursday last week, presented a cheque for $1,026,640.00 in dividends to Government, as required under the Public Bodies (Performance & Accountability) Act 2001.
The Samoa Land Corporation was set up to divest, develop or invest approximately 24,000 acres of land retained from WSTEC, at an estimated value of $23 million.
Prime Minister Tuilaepa Sailele Malielegaoi, as Minister of Finance, received the cheque on behalf of Government and spoke of SLC’s inception after the damage to plantations from cyclones Ofa and Val in the early 1990s. The devastation to crops and plantations prompted Government to consider other avenues for development of the sizable tracts of land.
“The SLC is in place to look at ways to generate revenue for Government, through the proper management of Government land assets.
“It’s important that land assets are utilised for the benefit and development of the people of Samoa, and with proper investments that will inject revenue in to the Government’s budget for its development agenda.”
The SLC 2015-2018 Corporate Plan was also launched, with the new vision: “To ensure current and future generations of Samoa benefit from the sustainable management of all SLC assets”; and mission “To promote social and economic development opportunities for the people of Samoa, through the efficient and effective use of all SLC assets.”