Gov’t Enabling Jamaicans to Own State Assets

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Jamaica News: Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government remains steadfast in its commitment to revolutionise the ownership of State assets.

The Minister, who was speaking at the grand opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on Wednesday (April 24), noted that more ordinary Jamaicans are being given the opportunity to own shares in State entities that are being divested.

Citing Wigton Windfarm Limited’s initial public offering (IPO), which opened on April 17, Dr. Clarke said “we have done it in a way to emphasise that we want the widest possible distribution. So we have set it up where the micro people will get filled before the small people and the small people will get filled before the medium people, and the medium will get filled before the large people”.

 

Source: JIS News

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