AS Guyana approaches what President, Dr Irfaan Ali has called a “golden era,” the message from the recent Guyana Oil and Gas Energy Chamber’s Annual Awards serves as both a promise and a vital guide.

The President assured the nation that our growing oil wealth is in “safe hands.” He goes beyond just words by outlining a clear strategy aimed at ensuring long-term stability rather than short-term gains.

The announcement of a five-year economic expansion plan, supported by major industrial developments in Wales and Berbice, shows that the government is not just benefitting from oil revenues, but is also actively investing them into building a modern, diverse economy.

The scale of the planned investments highlights this vision. The Wales Development Zone alone is set to attract over US$4 billion for the gas-to-energy initiative and related industries. Berbice is also expected to receive an additional US$2 billion for gas and port infrastructure. This leads to the creation of a US$10 billion national energy network.

These numbers mean real relief for the average Guyanese. The gas-to-energy project, nearing completion, aims to cut electricity costs by 50 percent. This change will lower household bills and enable our manufacturing sector to compete on a global scale.

Along with oil production being expected to reach an impressive 1.3 million barrels per day by 2030, the economic outlook is clearly positive.

However, what sets this administration apart is its sober approach to optimism.

President Ali’s honest warning about global market fluctuations and the potential for energy oversupply between 2025 and 2030, shows a level of maturity often absent in resource-rich countries.

By recognising that the industry is sensitive to price, cost, and political factors, the government demonstrates it is navigating these challenges with clear awareness, while balancing ambitious growth with sound financial practices.

Importantly, the President’s focus on human resources addresses sustainable development.

Infrastructure is useless without a skilled workforce to manage it. The administration’s development of a human capital strategy, along with encouraging the diaspora to return, correctly identifies our people as the true asset.

As we move from being a raw-material exporter to an industrial leader, the need for skill improvement is essential.

In a world where many countries suffer from resource curses, Guyana’s story is shaping up differently.

The economy is being guided by leaders who understand the weight of their roles. With a well-defined strategy to turn oil into lasting national benefits, including quality healthcare and energy security, it is clear that our future is in capable hands.