President Irfaan Ali (CNW Network)

Guyanese Adults to Get $100,000 Oil Boom Grant

US oil giant ExxonMobil discovered over 11 billion barrels of oil equivalent resources offshore Guyana in 2015.

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President Irfaan Ali has modified the government’s previous cash grant proposal, announcing a direct payment of $100,000 to each Guyanese adult who is 18 years or older by January 1, 2024. The revised strategy replaces the earlier household-based approach, focusing on individual eligibility and streamlined distribution.

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In a comprehensive broadcast across radio, television, and internet platforms, Ali detailed the new grant mechanism. The payment will require verification through national identification or a valid Guyanese passport, ensuring a transparent and equitable process.

Vice President Dr. Bharrat Jagdeo revealed that a specialized software application is currently under development to manage the grant’s distribution. The digital platform will include mandatory fields for citizen information, including personal details, contact information, identification numbers, and geographical location.

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Vice President Dr. Bharrat Jagdeo

“We are constructing a system to process these payments seamlessly,” Jagdeo explained. Most distributions will occur via cheque, with a specially designed approach for hinterland regions.

The Auditor General’s office will oversee the entire process to guarantee proper administration and prevent potential irregularities. Jagdeo emphasized that the distribution would be methodical and carefully executed.

Importantly, the grant applies to all Guyanese adults, including those residing internationally. However, overseas citizens must personally collect their grant within Guyana and present appropriate identification. The government explicitly stated that no proxy collections will be permitted.

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“The grant will not be paid overseas,” Jagdeo confirmed. “Individuals must be present in Guyana to receive their payment.”

This approach represents a strategic shift in the government’s economic support initiative, prioritizing direct individual support and ensuring rigorous verification protocols

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