By: Spokesman Newsroom
BASSETERRE, St. Kitts (Wednesday 16th October 2024)-“Over the next two to three years, we anticipate an economic boom in construction, tourism, agriculture and sustainability projects.”
So said Prime Minister and Minister of Finance Dr. Terrance Drew during a national address on Thursday 17th October 2024 on topic of the evolution of the Citizenship by Investment (CBI) Programme.
According to the Finance Minister, the programme generated EC $280 million in revenue up to September 2024, a decline from previous years due to “necessary reforms and market adjustments.”
He, however, emphasized that such changes were crucial for ensuring the program’s long-term viability.
“Without these changes, all would have been lost. This now signals that the era of gross mismanagement is over. Instead, CBI will now fuel real, tangible, sustainable projects that will create permanent jobs and opportunities for the people of our beloved St. Kitts and Nevis.”
Among the major job-creating projects outlined are the construction of the new JNF Climate Smart General Hospital and the Basseterre High School, both of which are funded through CBI and international partnerships. The Prime Minister noted that these projects would provide significant employment opportunities for locals, particularly in the construction sector.
“The Smart Homes Initiative, funded by CIBC Caribbean, will bring hundreds of homes to our people, with 90% of the construction workforce being local,” he said, adding that construction on the first 100 homes will begin by the end of 2024.
Dr. Drew also highlighted ongoing efforts in agriculture, aimed at reducing the Federation’s dependency on food imports. As understood, partnership with global hot sauce manufacturer Tabasco will allow local farmers to cultivate high-quality peppers for export, bringing additional jobs and revenue to the agricultural sector.
The Prime Minister further discussed major sustainability initiatives, including a two-million-gallon-per-day desalination plant, which will begin construction by the end of 2024, and the expansion of the Needmust Power Plant, which will create numerous jobs in both construction and permanent plant operations.
“Our agricultural sector is also undergoing a transformation as we seek to reduce our dependency on imports and empower our local farmers,” Dr. Drew said, outlining the importance of agriculture in the country’s broader economic strategy. He continued, “By adopting climate-smart practices, by protecting our marine ecosystems, and by reducing food waste, we are not just feeding ourselves, we are laying the groundwork for generations to come.”
Dr. Drew also stressed that while the government is leading the charge, success will require the participation of all sectors of society.
“Government alone cannot drive this transformation. We need you to commit to diligent work and productivity, to embrace innovation and entrepreneurship. We need our diaspora to be part of this transformation.”
The Prime Minister reiterated the need for collective effort to realize the economic potential of St. Kitts and Nevis, saying: “The future belongs to us. Let us do it together.”
The projects, he explained, are part of the government’s larger National Development Planning Framework, which seeks to shape the nation’s economy for the next 15 years.
Front Page Image: Used for illustration purposes only, this image shows a construction site worker on the job (Credit: Sofi.com)
Cherishing Our Senior Citizens: A Call to Care
As we observe the Month of the Elderly, it is a fitting time to reflect on how we treat our senior citizens.
As a society, we must not fail to show the love, respect, and care our elderly deserve. This must change. We should always recognize that if we are fortunate enough to live long, we too will grow older and one day find ourselves in their shoes. It is only right to cherish our elders now, just as we hope to be cherished in the future.
With each birthday, we wish for long life and many more years ahead. But what is the point of wishing such blessings for longevity if we fail to appreciate the lives and experiences of those who have already walked that path? Our senior citizens are living sources of wisdom, knowledge, and history. They have built and nurtured the very foundations of the society we enjoy today, having contributed tirelessly to our nation’s growth and development.
There is a touching Greek proverb that reads, “A society grows great when old men plant trees whose shade they know they shall never sit in.” It reminds us that true greatness lies in caring for others, even when we may not directly benefit. Our elders have spent their productive years laying the groundwork for future generations, and now it is our turn to ensure they are respected, supported, and appreciated in their later years.
Instead of scorn, we should offer kindness. Instead of neglect, we should provide care. It is a moral duty to honour those who have paved the way for us, knowing that we will one day need that same kindness and care.
Let us always strive to be a compassionate society that values its elderly.
Let us be proud of the legacy we are creating, one built on respect, love, and community.
As we celebrate the Month of the Elderly, may we all take it upon ourselves to ensure our seniors live out their days with dignity and grace. By doing so, we not only honour their contributions but also ensure that goodness follows us all.