#FREEPORT, The Bahamas –March 12, 2020 — Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest said it is imperative for Bahamians to be open to knowledge sharing, given the new realities The Bahamas faces when it comes to catastrophic hurricanes.
As keynote speaker during opening ceremonies of the University of the Bahamas’ second annual Sustainable Grand Bahama Conference at Pelican Bay Resort, March 5-7, 2020 in Freeport, Grand Bahama, Minister Turnquest noted The Bahamas is no stranger to surviving natural disasters.
“We have a long history of withstanding hurricanes, notwithstanding the unprecedented devastation that Hurricane Dorian caused,” said Minister Turnquest.
“Why is that significant? That means we have a lot of insight to share as well as lots of new learning still to do. We have proven our resilience before, and we will rise to the occasion demanded by Hurricane Dorian to strengthen our institutions, our processes, our disaster management frameworks so that we can continue to demonstrate our resilience well into the future.”
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One of the most important lessons learned by the government, he said, was the importance of strengthening the government’s national framework for response, recovery and reconstruction. Pointing out that the historic scope of Dorian’s destruction required the government to acknowledge the need for new state structures to serve more effectively.
“We established the new Ministry of Disaster Preparedness, Management and Reconstruction to streamline how we prepare, recover and rebuild in the event of a disaster,” said Minister Turnquest. “We are updating our laws, policies, procedures and state agencies to support this strengthening of the national disaster management mechanism.
“Also, as an Administration, we see where the insurance industry is a ripe area for lessons learned. Flexible insurance policies that allow for tailored coverage are essential for meeting country-specific needs in the region.
“The Bahamas had the benefit of a $12.8M payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF). I am proud to say the Minnis Administration pioneered the restructuring of this policy, which allowed us to actually receive a benefit in our time of need.”
Minister Turnquest said another lesson learned from Dorian was the importance of investing for now and the future. He noted that the cost to finance the Hurricane Dorian recovery is quite significant, and has required the government to borrow money.
He added that based on the lessons learned, one of the ways the government is investing these borrowed funds is on strategic investments that will benefit the country now and in the future. The Minister said his government has committed $100 million in IDB loan-financing so far to firmly establish renewable energy initiatives in the Family Islands, over three years, via the Family Islands Solarization Project.
This investment, he said, will facilitate the development of utility-scale and roof-top solar facilities, and help the country to leapfrog the goal set by the Prime Minister’s Office for the country to produce 4.56 percent of its total energy mix from renewable sources by 2021.
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“The last thing I will touch on is the importance of boosting economic activity to support hurricane recovery, and the lessons we learned from Dorian,” said Minister Turnquest.
“The Government unveiled an unprecedented package of tax incentives and concessions as a key part of the establishment of the Special Economic Recovery Zone (SERZ) in the aftermath of Dorian. The SERZ programme represents a pioneering approach to providing direct support and assistance to Bahamians in a way that had never been contemplated before in the history of the country.
“We also tailor-made a suite of small business development programmes specifically for businesses damaged in the Disaster Zones and approved $10 million through the Small Business Development Centre to ensure they get back on their feet quickly and with support.”
Minister Turnquest noted that the current climate crisis and the associated catastrophic risks of natural disasters present a real threat to The Bahamas, with impacts that are uniquely felt by small island developing nations.
“With each passing storm, whether it is at the doorstep of Dominica, the British Virgin Islands or the Islands of The Bahamas, more and more of our vulnerabilities are exposed: not only in terms of our economic resilience and national response, but also at the individual level, for families wondering about their physical safety, and their economic security should they be in the path of the next storm.”
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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.
As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.
The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.
At the pumps, the frustration is real.
Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.
Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.
Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.
Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.
For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
NASSAU, Bahamas — The Free National Movement has rolled out details of its proposed $200 monthly Working Parent Child Support Initiative, but the announcement has already ignited political debate and prompted clarification from the party.
Leader Michael Pintard said the initiative would provide $200 per month to qualifying caregivers during the first two years of a child’s life, as part of a broader push to ease the cost of living for Bahamian families.
The party estimates the programme would cost between $12 million and $14 million annually, with funding to come from reducing what it describes as excessive government spending — particularly consultancy contracts.
However, the proposal quickly drew scrutiny.
The governing Progressive Liberal Party has challenged the feasibility of the plan, questioning how the payments would be sustained without increasing the deficit or introducing new taxes. The response forced the FNM to further outline its funding strategy, emphasizing that a 21 percent reduction in consultancy spending could fully finance the initiative.
The exchange has highlighted a familiar election-season tension — bold proposals versus practical execution.
Beyond the child support plan, Pintard outlined a wide-ranging policy agenda, including:
Removing VAT on select essential goods
Constructing 5,000 affordable homes within five years
Cutting the country’s food import bill by half
Strengthening enforcement against illegal immigration
Reforming the nation’s healthcare system
Pintard also took aim at the current administration, accusing it of mismanaging public funds and awarding more than $400 million in contracts without competitive bidding — claims which have further fueled political back-and-forth.
“The best way to pay for high-quality public services in the long run is to have a strong, efficient economy,” Pintard said, arguing that government spending must be redirected toward ordinary Bahamians.
While supporters have welcomed the proposals as timely relief for struggling families, critics remain cautious, pointing to unanswered questions around implementation, eligibility, and long-term sustainability.
With election momentum building, the debate surrounding the FNM’s plan underscores a broader reality — Bahamians are being presented with big promises, but increasingly demanding clear answers on how those promises will be delivered.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
NASSAU, Bahamas — The Coalition of Independents has rolled out its First 100 Days Plan, positioning it as a roadmap for rapid national transformation and a clear break from what it describes as the failures of the country’s two dominant political parties.
Leader Lincoln Bain introduced the plan during a recent public presentation, outlining a series of early actions his party says would be implemented immediately upon taking office.
At the heart of the proposal is a push to redistribute access to Crown land, a signature policy of the Coalition, which argues that Bahamians should have greater direct benefit from national resources. The plan also prioritizes the full implementation of Freedom of Information legislation, with Bain framing transparency as a cornerstone of restoring trust in government.
Additional focus areas include proposed reforms to the healthcare system, including improved compensation for nurses and medical professionals, and broader governance changes aimed at increasing accountability and reducing political control over national decision-making.
The Coalition has branded the plan as a historic first, describing itself as the only political group to present a structured 100-day agenda ahead of a general election.
But beyond the policy points, the messaging was unmistakable.
Bain and his team continue to urge Bahamians to move away from the traditional two-party system, arguing that both the Progressive Liberal Party and the Free National Movement have failed to deliver meaningful change despite decades of governance.
“The system is not working for the people,” has been a consistent refrain from the Coalition, which is campaigning on the idea of resetting how the country is governed.
While supporters view the 100-day plan as a bold and necessary shift, questions remain about the level of detail provided, particularly around costing, timelines, and how proposed changes would be executed within the existing structure of government.
Still, the rollout signals that the Coalition of Independents is seeking to position itself not just as an alternative voice, but as a ready governing option — one promising immediate action and systemic reform.
With election momentum building, the emergence of a defined 100-day agenda adds a new dimension to the political landscape, as Bahamians weigh competing visions for the country’s future.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.