WITH the significant growth in Guyana’s oil- and-gas industry, and the PPP/C government’s realistic outlook on development and prosperity comes countless opportunities for locals, the Guyanese Diaspora and foreigners.
Every sector has benefits for all, but it is up to us to find those opportunities and put them to good use.
This was previously highlighted by Guyana’s Foreign Secretary Robert Persaud, and President of oil giant ExxonMobil Guyana Alistair Routledge.
Their inputs gave the reassurance that Guyana is indeed the place to be, and brought into focus the exciting road that is ahead for all those who choose to partake in Guyana’s growth, and what surely has all the makings of a success story.
The Government of Guyana has always made it clear that while oil is wealth, the intent is to also focus on what is beyond this industry. It is for this reason that emphasis is being placed on creating new opportunities, boosting traditional industries, and creating new ones.
The government has opened its arms to foreign investors in several areas, among them tourism and hospitality, and construction, and the members of the diaspora, particularly those who have the skills to transform Guyana into the country that future generations can be proud of. Many have answered the call, and are proudly contributing to Guyana’s success.
ExxonMobil, on the other hand, is also doing its part to support local contribution to the country’s development.
Adhering to Local Content laws, the Houston-headquartered company has some 1,700 local companies supporting its oil operations here, as well as local personnel within its various departments.
With US$55 billion in investments here, and having already spent around US$30 billion, ExxonMobil had repeatedly stated its commitment to not only providing the country with revenue that can transform it, but making employment opportunities available to Guyanese, so that they can be assured of a more secure future, and an improved standard of living.
The oil-resource money has been, and will continue to be used to transform the various non-oil sectors. Some $240.1 billion of the oil money that is securely in the Natural Resource Fund (NRF) will be used to cushion the 2024 trillion-dollar budget.
This sum represents a 91.9 per cent increase over the 2023 figure. This is certainly good news for the country, as it means our oil money is being sensibly utilised and incorporated into the development of the country.
We can already see improvements in several sectors: Public infrastructure, education, health and agriculture.
In the coming months and years, as oil production increases, Guyanese living within these shores and abroad can be assured of many more good things. Guyana represents success; a land of opportunity and prosperity in gigantic proportions.