Prime Minister, Moses Nagamootoo, yesterday told Kaieteur News that the Board will have to say its grand farewell within a few days for such levels of gross incompetence.
“As far as I am aware, the board is supposed to be gone by month end, but surely the sugar industry cannot go on with this board. It will be gone. That is certain.â€
Nagamootoo, also the Minister of Information, emphasized that the coalition Government, A Partnership for National Unity plus the Alliance For Change (APNU+AFC), will ensure that everything will be done to keep sugar “alive and well†and floating above the sea of bankruptcy.
He vowed to turn the fortunes around.
Nagamootoo argued that the sugar industry has been badly injured by poor financial management, ill-informed investment decisions, conflict of interest and corruption at the point of procurement. He opined, too, that the roots of these problems lie at the interface of its Board of Directors and Management.
“As far as I am aware, the board is supposed to be gone by month end, but surely the sugar industry cannot go on with this board. It will be gone. That is certain.â€
Nagamootoo, also the Minister of Information, emphasized that the coalition Government, A Partnership for National Unity plus the Alliance For Change (APNU+AFC), will ensure that everything will be done to keep sugar “alive and well†and floating above the sea of bankruptcy.
He vowed to turn the fortunes around.
Nagamootoo argued that the sugar industry has been badly injured by poor financial management, ill-informed investment decisions, conflict of interest and corruption at the point of procurement. He opined, too, that the roots of these problems lie at the interface of its Board of Directors and Management.
