NASSAU, Bahamas — Speaking at the ground-breaking for “The Golden Yolk” project on Monday, February 27, Prime Minister Philip E. Davis said, “The work of the Bahamas Agricultural and Industrial Corporation (BAIC) in spurring domestic investment, generating employment, and reducing imports cannot be overstated. Their efforts remain vital for the collective vigour of the Commonwealth of The Bahamas.”
It was noted that “The Golden Yolk” project, which falls under the scope of BAIC, seeks to foster our people’s entrepreneurial character by replacing dependence with independence and creativity. Numerous grow house employees will also be employed by the “Golden Yolk” initiative, and a living salary will be assured for each of them.
“The Golden Yolk” project includes the building of 38 poultry homes in New Providence and 12 in the Family Islands and it is projected that these “facilities will boost national egg output by 30 times, contributing an extra $2.3 million to the domestic economy,” according to a release on Facebook by the Office of the Prime Minister.
The release noted that the government “will assist farmers in creating cutting-edge methods to grow and maintain their agriculture in line with the Blueprint for Change’s food security initiatives.”
“In the race for greater food security for The Bahamas, we have already made headway,” Prime Minister Davis said. “We are allocating $500,000 in grants to farmers and an additional $1 million in funding to secure broilers and to support livestock farming.”
It is projected that the three phases of the “Golden Yolk” project’s execution will result in the establishment of about 90 jobs, more than half of which will be located in the Family Islands. It is also anticipated to lower egg prices and revitalize poultry farming in The Bahamas.
