Categorized | National News

Investors Anxious

Minister of Education Jeffrey Lloyd promised that great economic stimulation is on the way as domestic and foreign investors are anxious to participate in the Bahamian economy.

Lloyd, who was a guest on Love 97’s radio talk show Jones and Company yesterday, shared great news concerning the recovery of the country’s economy, which include potential investors and explained that within eight to 10 months Bahamians can expect to see significant adjustments in the country’s expenditure.

He said while many domestic and foreign investors are anxious to participate in The Bahamas’ economy, they are not willing to do so in an environment of “indiscipline, inefficiency and waste.”

The investors, he added, cannot afford to participate in corruption.

“They cannot afford it because people are now aware of the value of their resources and they are looking for a respectable and appreciable return on that investment and that’s what we must guarantee them,” Lloyd said.

“We must show them we are serious about an efficient government and then they are going to be inspired as they already are because they love The Bahamas, wonderful opportunities.”

During his national address last week, Prime Minister Dr. Hubert Minnis announced that he appointed a National Economic Advisory Council to advise the government on specific proposals for economic diversification and economic growth.

Lloyd said he was appointed to the council and their work has already begun as there are a plethora of proposals that are waiting to be given to the council to be addressed.

He assured that there are many wonderful opportunities for job growth in this country and promised that “they will be being rolled out” soon.

Last week, Opposition Leader Philip Davis criticized the prime minister’s national address claiming that that it inspired no hope for Bahamians and he failed to announce new initiatives to boost the economy.

Davis explained that the national address discussed “vague and ambiguous announcements lacking specifics and timelines on new committees, studies, along with broad promises” which underscores the government’s “troubling lack of vision, plans, ideas and leadership focus” the country badly needs at this time in its national development.

However, Lloyd said in addition to the government “being more efficient, necessarily ringing out the waste of inefficiency, in addition to that, great stimulation is on the way.”

Written by Jones Bahamas

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