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Deputy Premier mulls Investment Club for D7

The Deputy Premier, Dr the Honourable, Nathalio D. Wheatley (right), made the disclosure on March 21, 2019, last, when he appeared as a guest on ‘Umoja’ a local radio programme hosted by Cromwell Smith aka Edju En Ka. Photo: Team of Reporters
ROAD TOWN, Tortola, VI – Deputy Premier of the Virgin Islands (VI), Dr the Honourable, Nathalio D. Wheatley (D7), aka Sowande, is gearing to host a community meeting in District Seven on April, 6, 2019, where he is expected to press for the formation of a District Council, with sub-committees and an Investment Club, aimed at developing the specific constituency.

The Deputy Premier made the disclosure on March 21, 2019, last, when he appeared as a guest on ‘Umoja’ a local radio programme hosted by Cromwell Smith aka Edju En Ka.

Villas

In addition to the establishment of the Economic Committee, the Deputy Premier in expanding on the idea of an Investment Club opined, “I am thinking we can get 100 persons who will give $100 a month.”

He explained that each month this would equate to $10,000 and annually $120,000.

This money, he said, can be invested into projects such as ‘Villas’ to complement the Tourism product in District Seven.

“We have lots of nice land in the Seventh District; let’s build a villa and let’s using the AirBnB technology (to) see if we can add some more rooms to the Tourism product in the Seventh District…I think the possibilities are endless.”

He told the host—and listening audience—such a venture would be owned by the Investment Club.

Capital

According to the Deputy Premier, there are a number of persons in the Territory—namely the District—that would like to get into business but lack the financial capital to make an investment

Dr Wheatley said, with an Investment Club, resources can be pooled.

“If we pool our resources there are a lot of opportunities that will be available to us.”

He pointed to the success of the BVI Investment Club as an example, reminding that it did not start off with many persons with lots of money.

“When you pool your resources you have a greater opportunity now to go to the bank to be able to get some funding to make your dreams into a reality,” Dr Wheatley posited.

Deputy Premier Wheatley did use the occasion to point out that given the relationship between the East End and Long Look Communities—Eight District—then perhaps the Investment Club could facilitate both Districts.

He suggested too that the concept of an Investment Club could also be replicated across the nine districts in the Virgin Island.

13 Responses to “Deputy Premier mulls Investment Club for D7”

  • NO SAH (22/03/2019, 12:33) Like (28) Dislike (7) Reply
    Dude clean up in long look before you start talking about villas. How the hell you going to put villas in long look and it’s soo nasty . ????? Clean up the place !
    • I Rabsatt/Lettsome/Smth/Lennard (23/03/2019, 02:15) Like (8) Dislike (0) Reply
      It takes concerned citizens to come together to clean the community..not just a one time clean up . But the goal should be to always keep it clean! I personally dont think that our Hon Wheatley should even voice this matter..I think the people of the 7th district including myself ..should have already hit the ground and running with a clean up campaign! We are in this thing together!
      "Ask not what your country can do for you , Ask what you can do for your country!"
      • Clean up the place ! (23/03/2019, 09:18) Like (7) Dislike (2) Reply
        Well get it going. I don’t care who does it.. I agree with “no sah”. That place need to be clean before you can even start talking Villas and tourist attractions. Looks like his approach is just like the others. Put something on the table and it will be talked about for the next 4 years without fruition. This young VIP team scares the hell out of me.
  • Great . (22/03/2019, 12:37) Like (14) Dislike (1) Reply
    create a Community social club that includes sports talent investment and fun .get as much people as possible involved ...U see every human has a God given talent...enhance them .display them..
  • Rabsatt/Lennard/Smih/Lettsome (22/03/2019, 13:00) Like (10) Dislike (5) Reply
    I suggest that we MOVE FORWARD! with this plan.
  • the rock (22/03/2019, 14:20) Like (11) Dislike (3) Reply
    Off to a grear start Hon Wheatley
  • sticket (22/03/2019, 14:47) Like (5) Dislike (3) Reply
    oh yea
  • Investment Clubs (22/03/2019, 15:20) Like (0) Dislike (0) Reply
    There is already investment clubs in districts: Nottingham Investment Club in D7 and D8 and one in D1 and D9respectively.
    • @investment.cluns (22/03/2019, 23:15) Like (0) Dislike (0) Reply
      Not functional to we the people of the 7th district none that we have heard of so come again .....but already have tel them make themselves known
  • okay (22/03/2019, 15:36) Like (4) Dislike (0) Reply
    I still waiting on the community meeting
  • May I (22/03/2019, 16:09) Like (2) Dislike (1) Reply
    I live in the 2nd district but I would like to be a part of this club? CanI?
  • Ps and ceo (22/03/2019, 19:23) Like (11) Dislike (6) Reply
    He better get rid of them Myron crooks in his ministry from acting soft
    • talk (25/03/2019, 12:50) Like (1) Dislike (0) Reply
      Remember Myron crooks deliver top CXC's passes in the OECS for 2 consecutive years with half day school system which many complain about.. remember Myron crooks change the failing school system that was left by the VIP in 2011... the real reason why many of our children couldn't get jobs because they never had CXC passes as it was the main requirement to get high end jobs...


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