Small investors to benefit from O&G sector

The government has identified three major businesses within the booming oil and gas sector for citizens to invest in and earn a guaranteed rate of return on their investments, Vice President Dr Bharrat Jagdeo announced today.

These initiatives, he explained, will cater to the common man, with investment opportunities starting from as little as $50,000. He also pointed out that this opportunity will not be extended to large investors, ensuring a fair chance for individuals interested in entrepreneurship and small-scale investments.

“We have already identified about three major business opportunities in the oil and gas sector that we can tailor for small investors in the economy, so they too can share in the prosperity. I am speaking about people who can invest in increments of $50,000 or $100,000… while excluding some of the bigger players.”

He added that there will also be opportunities specifically designed for large investors.

Dr Jagdeo further noted that the government has already indicated that, once re-elected in the upcoming elections, it will continue distributing cash grants to all qualifying citizens.

He explained that this is part of a broader plan to create a more financially stable society, highlighting that these grants can serve as capital for investment in such opportunities, aimed at building wealth for the local population.

“We want people to own things; everybody must have the opportunity to own something or to get a greater return on their money,” he said.

This initiative aligns with the government’s plans for sustainable development for all Guyanese.