Guyanese will benefit fully from oil and gas revenues – Minister Harmon

DPI, GUYANA, Monday, February 26, 2018

Funds accrued from the oil and gas sector will be used primarily for the development of the country’s infrastructure.

Minister of State, Joseph Harmon, at a recent post-Cabinet press conference, said that investments will be made in the areas of agriculture, power for domestic and industrial use, among other critical areas.

“Our investment in eco-system that is to say our Green State Development Strategy, which involves our tourism in the Hinterland, our Protected Areas System, all of these things are what we see to benefit from oil inflow.”

Guyanese, the State Minister added, are the ones to benefit from the oil and gas sector, a commitment which the Government intends to uphold. He noted that “what we are looking at, are projects that would benefit the people of this country and all that I have said basically are tending towards that”.

The Government’s development trajectory, he reminded is enshrined in the Green State Development Strategy (GSDS), pointing to improvements in the health, education and other sectors, which will become even more evident as the country advances. “All of our development modes will fit into that Green State Development Strategy.”

The Minister said the government has already commenced rolling out some of these projects. “Before 2020, you will see these things rolled out. We do not have to wait until 2020. You’re seeing many of them rolling out in an incremental way and by 2020 you will probably have the ballooning effect of it.”

Further, he expressed confidence that the Coalition Administration will be in power beyond 2020 to ensure that all Guyanese enjoy the ‘good life’.

By: Stacy Carmichael