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Territory under attack – 3D Show caller

- suggests diversification; Sowande says Territory should create regional economy
A caller on the 3D radio show aired on May 24, 2013 suggested the Territory was under attack and needed to diversify its economy. Photo: VINO
Commentator Natalio Wheatley aka Sowande was in agreement with the caller and suggested that it was time the VI set its sights towards a regional economy. Photo: VINO/File
Commentator Natalio Wheatley aka Sowande was in agreement with the caller and suggested that it was time the VI set its sights towards a regional economy. Photo: VINO/File
ROAD TOWN, Tortola, VI – Commentator Natalio D. Wheatley aka Sowande Uhuru is of the view that the Virgin Islands (VI) needs to set its sights towards creating a regional economy in attempts at diversification after a caller on a local radio show suggested that the VI economy was under attack.

Sowande’s view was in agreement with a caller on the 3D Show aired on May 24, 2013 who said he had written a research paper over nine years ago suggesting that the VI should diversify its economy.

The caller said he believed there is a trend that suggests that the VI economy is currently being attacked. He noted that he did the paper with the fragility of both the offshore financial services as well as the tourism industry in mind.

He also felt that the Territory was continually being asked to implement more regulations as time goes. “The BVI has opened up its doors so wide that those foreign countries would be able to look into their books.”

He suspected that the ‘foreign’ countries were looking for avenues and ways by which they could dismantle the Territory’s financial services sector. “If the financial services should go, and tourism is kind of shaky at the moment, where do we go from here?” the caller asked.

He stated that a check of the Territory’s imports indicated that there was approximately $20M being spent on poultry and poultry products in the VI. The caller recommended a restructuring of the current system in place to allow local farmers to benefit from the agricultural industry. “We are enriching other countries,” the caller remarked.

The caller also recommended that examples be taken from countries in the Caribbean such as Trinidad and Guyana. He called for private entrepreneurs to take up the charge in leading the agriculture industry of the Virgin Islands.

Sowande said the (local) industries of tourism and financial services are not stable as they were service based and can leave overnight. “It’s only intelligent, with a growing population that have growing needs, that we diversify our economy,” he said.

9 Responses to “Territory under attack – 3D Show caller”

  • Fortune Teller (27/05/2013, 15:10) Like (0) Dislike (0) Reply
    There is a plan against the bvi, the uk want to take charge of the bvi financial services, and if that aint happen, they will destroy the bvi! take a keen look and see what is going on and what is going to happen. it is of the impression that the bvi as a little country handles too much of money in the eyes of England.
  • RedStorm (27/05/2013, 15:50) Like (1) Dislike (0) Reply
    THe caller have analyse the economy by research and reflection, but a level of measurement should be put into place to create clarity on the subject. I do agree that this country imports are high and little is done for local farmers to benefit. If we look at two items that is used on an every day basis, poultry and fish. This government should be able to seek the assistance of the bank to help farmers to deal espically with this two items.
    Guyana in the seventy ban items such as yellow peas , flour,etc; however it did not last long with the people. Forbes Burnham was once a man who wanted to have a country that depends on its natural products. Trinidad like Guyana are rich countries who mismanaged their products and allowed their natural products to be managed by foreigners. Countries who comes under the management of the IMF created debts for lifetime for their nation, the more a country currency drop from its value the longer they stay in debt.
    There should me more young people getting involved in creating their own business, this will allowed them to create a network of local young people who support can grow toward a better community. I would like to see young people network in the area of Forensic Science, there is no lab for blood testing in crime in the BVI, but there are people here who have their Bachelor and Masters degree in Physic, Biology, Crimiology, etc they can get together and open a lab to support this community. Likewise with Farmers and Fishermen who can create a network to do more farming and fishing.
  • weed (27/05/2013, 16:10) Like (0) Dislike (0) Reply
    he again? VINo you all love tis dude
  • wellsa (27/05/2013, 16:49) Like (0) Dislike (0) Reply
    He don't have nothing to do with he time buddy scrupppppppppppppppppppppppppppps
    • white house (27/05/2013, 21:11) Like (1) Dislike (0) Reply
      The sad thing here is that, in 20 yrs, the BVI, with all it's human resources and potential, will remain mired in despair.

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