November 02, 2016
Ngai Takoto looks to grow people and putea
Far north iwi Ngai Takoto is on the road to discuss with members its strategic plan until 2040
Chief executive Rangitane Marsden says it now has an asset base of about $45 million, including farms, forests and commercial properties around Awanui and Kaitaia.
It’s looking for collaborations with other iwi, as well as helping its people with housing, education and other capacity building.
"The initial few years of settlements is how do you reinvest the returns into your people so that they have capacity and capability to particiapte. Ultimately when you get that right then the idea of how do you grow the putea in the bank. There's a principal sum that we don't go near. There's an ability to invest if we can afford it and if we can't afford it then we just go without," says Rangitane Marsden.
The Future Proofing Ngai Takoto roadshow is in Kaitaia this evening, Whangarei on Friday, and Te Karaiti Te Pou Herenga Waka Marae in Mangere on Saturday evening.