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"id": 1563674,
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"type": "speech",
"speaker_name": "Sen. Okiya Omtatah",
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"content": "Mr. Speaker, Sir, I rise pursuant to Standing Order No.53(1) to seek a Statement from the Standing Committee on Finance and Budget regarding the Government’s decision to lease public sugar companies for approximately 30 years. This is to effectively privatizing ownership rather than retaining them under public control with the appointment of competent professional management. In the Statement, the Committee should address the following- (1) The rationale behind leasing sugar companies instead of strengthening public ownership through the appointment of capable management and whether this approach is in the best social-economic interest of the local communities. (2) How the long-term leasing aligns with principles of public accountability, including whether adequate public participation and stakeholder consultation were undertaken prior to the decision. (3) The impact of leasing out the sugar companies on farmers, employees and local economies, and the safeguards in place to protect public assets and ensure continued service delivery and economic empowerment in sugar-growing regions. I thank you."
}