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Apr 29, 2022 Letters

Dear Editor,

Two excellent articles in KN titled: “There must be strict adherence to town and country planning” (KN April 20) and “Sovereign wealth funds and Guyana’s natural resources fund” (KN April 18th) in detail points to clear concerns.
This writer is an advocate of giving oil funds directly to EVERY Guyanese citizen as Alaska does. It has clearly shown to improve the “Standard of Living” of those getting oil funds. In a nutshell, our oil money into our pockets improves our spending power. Those funds have a more direct impact on every citizen; rather than multi-billion dollar projects, no matter how badly needed they are. If the coconut vendor prefers to spend his oil dividends in the rum shop, that’s his business. No thanks to “Trotts” and his colleagues who shortchanged this country, but with more discoveries by Exxon more things need to be subsidized by this government, example; university fees, health care and so forth. Britain has for example, NHS, and the global giant (US) has medicaid/medicare and food stamps just to mention a few.
As for inviting global companies to do business in Guyana, (And we know there are absolutely no kickbacks with these massive contracts, of course!) the investors look for the basic Infrastructure and support systems to be in place first; or near completion; and a lot of those are still absent in Guyana. So, with Exxon finding more oil, in a country less than 800,000, oil dividends should be given to every citizen, to improve our spending power and standard of living. That can simultaneously be done with the necessary projects that come with feasibility studies (which is a standard requirement), and just as importantly is the need to improve and develop so many basic infrastructure deficiencies years unaddressed by certain public sector decision makers – otherwise why keep asking foreign investors to come to Guyana?

Chi Kansi

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