Guyana’s President Promises Cash Grants For Families With School-Aged Children From Oil Money

GEORGETOWN, Guyana, January 31, 2020 (CMC) – Families, with school-aged children, have been promised cash grants, once money from the oil industry starts pouring into the country’s coffers.

This was announced, on Wednesday, by President, David Granger, as he spoke during a rally in the county of Essequibo, west of the capital of Georgetown.

According to Granger, the coalition government does not want to put oil money in the pockets of the rich, but into the homes of ordinary Guyanese.

“We will put oil money in your homes and households…we will ensure that every family with a child in school, gets a cash grant…the money will come to you,” Granger promised.

The President said his cabinet has deliberated on the issue and arrived at that position. He explained that this will form part of his Decade of Development, which will also focus on several areas of development for the country.

Guyana stands to benefit from billions of dollars in earnings from the oil sector.  Oil production started, just one month ago, and the country’s economy is set to grow by more than 80 percent this year.