The University of Fiji is a university based in Saweni, Lautoka, Fiji. It was established in December 2004 under academic leadership of the Fiji Institute of Applied Studies and financial sponsorship of the Arya Pratinidhi Sabha of Fiji, a Hindu religious organization dedicated to education. Its website describes it as a "private, nonpartisan and non-profit making university." On 14 February 2006, the Native Lands Trust Board (NLTB) signed a 99-year lease with the university for the 5-hectare property, for which the university paid F$100,000. The university agreed in return to provide two scholarships annually for the children of landowners. The University of Fiji honoured its first graduates in March 2008. Fiji's President Ratu Josefa Iloilovatu, who is also the University's Chancellor, spoke at the graduation ceremony, and commended the university for making it compulsory for all students to follow basic courses in Fijian and Hindi: “Our future depends on our ability and desire to understand each other better, to communicate with each other better, and to assist each other. Being able to communicate in each other’s language is vital for this.