On account of recent global developments, it is quite possible that our twin island republic may not escape a serious devaluation.
The prophetic writings are on the wall. This may occur sooner than we think and we must be prepared to brace ourselves for the worst.
For decades, we had relaxed ourselves into a state of complacency believing that gas and oil were sufficient to maintain our economy till the end of time. Successive governments have failed the call for diversification, particularly in relation to the agricultural sector. Talk continues to be cheap with very little and in most instances no action.
Our leaders have erred by their lack of testicular fortitude to find effective ways of developing both human and physical resources. Our business sector has not been adequately stimulated by virtue of incentives and concessions. Yet there are businessmen who are patiently awaiting a bright and promising light at the end of the tunnel.
Our country needs to prioritise in order to put a stop to reckless and wanton spending. Significantly, the turning around of our economy needs to be placed on the front burner for surely the rainy days are ahead.
Probably the introduction of a few recycling plants may prove economically rewarding. Also there can be the revival of industries such as rice, sugar, cocoa and coffee.
The government must not hesitate in creating a meaningful action plan that would heat up the economy and prevent devaluation from knocking on our doors.
Failure to revive our economy may result in ongoing job losses, homelessness, an increase in lawlessness and the loud cries of citizens on the streets.