3rd July 2018
The National Transformation Fund will be providing millions of dollars to the agricultural sector in areas such as development and marketing along with providing lands and training to youth in agriculture. Prime Minister, Dr. the Rt. Honorable Keith Mitchell made the revelation on Sunday at the New National Party’s General Council Meeting in Hermitage St. Patrick.
PM Mitchell also revealed that funds from the National Transformation Fund will be used along with the technical assistance from the Ministry of Agriculture and the Marketing and National Importing Board (MNIB) to help provide jobs, increase Grenada’s agricultural output and increase export earnings through agriculture.
Funds from the program will also be used in the areas of Youth Development and assistance in the Tourism Sector especially assistance to small hotels.
Additional funds from the National Transformation Fund will also be used to create a new aircraft facility in Carriacou at Dumfries which can accommodate larger flights such as small jets thereby improving transportation to and from the sister isles.
Other facilities such the Skill Training Centre recently opened in St Patrick will be duplicated around the island to ensure more training opportunities for all Grenadians.
Grenada’s National Transformation Fund is sustained through the Citizenship By Investment Program instituted by the New National Party Administration on returning to office in 2013. It is used as a means of “transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy.”
