According to the Ministry of Finance, for the financial year ending 2024, the NHT collected JM$43.061 billion in income and spent JM$12.946 billion in operating expenses.
These figures are shocking as the average number of housing completions by the NHT from 2018 to 2022 is 2157 per annum.. (Economic and Social Survey of Jamaica 2022)
Additionally, the NHT generated a surplus of JM$21.8 billion for the financial year 2023/2024.
With an employed labour force of 1.27 million, the NHT is delivering less than 0.18% of houses or 'housing completions' for our working population.
So, instead of building houses for our people, the NHT is taking a percentage of workers' and employers' salaries to build cash in the bank.
Yet NHT executives are making substantial salaries annually.
We import US$ 23 million chicken neck and back is what we import annually to Jamaica, close to US$13 million in beef offals, beef trimmings US$ 16 million, rice US$84 million.... You may ask why there are so many parts of an animal and rice. Most Jamaicans cannot afford chicken, beef, or fish to feed their families, so they must resort to cuts and trimmings. In other words “Di Pot a boil but di food nuh nuff.”
Disclaimer: I am not in the PNP's shadow cabinet, so what I am about to say may not contend.
But this is something I've been speaking and writing about for years.
I would like you to think for yourself and re-examine with data some long-held beliefs that others have tried to impose on you, saying they are supposed to be in your self-interest.
Today, I want to highlight and explain just one and why it is a significant reason why our people remain unhealthy with obesity, high blood pressure, and other primary health ailments. They cannot afford to buy a balanced food basket because the cost of chicken is out of their reach.
For decades, Jamaica has had 250% duty protection on chicken meat. Globally, the average import duty rate on chicken in other countries is 24%, so why must it be 250% in Jamaica? (it’s actually 260%)
Is this really in our people's national interest, or are we serving the interest of a very few individuals, in particular 2 companies?
Before you have a knee-jerk reaction to 'yes, it helps local production," let us look at the data rather than an emotion.
The International cost breakdown of a chicken is feed (largely corn) at 61%, baby chicks at 18%, housing at 7%, others at 10%, and labor at only 4%.
We do not make feed in Jamaica. We don't produce corn. We don't produce wheat or soybean; the inputs that go into feed.
What we refer to as feed mills in Jamaica are really big silos and a mixer that blends these imported inputs into the final product, much the same as concrete is composed of sand, stone, cement, and water. But at least in concrete, all the inputs are produced in Jamaica, so the "local " feed is a totally imported product.
So, in effect, the local Jamaican direct cost input of chicken is less than 10%.
Therefore, I challenge the logic of providing excessive duty protection to any product with a local input of less than 20%, much less chicken, whose input is less than 10%.
All the inputs in animal feed are traded as commodities on the world market, like oil; the price fluctuates in keeping with the law of supply and demand.
The price of corn has fallen from $801 (US/Bu) April 2022 ,to less than $392.50today ( Check it yourself on https://t.co/k6lttUrO6a ) on straight mathematical terms with 50% reduction in the cost of feed which represents 61% of the cost input of chicken our chicken prices should have gone down by about 30%, but instead it went up.
Who benefits? Certainly not the Jamaican public whose citizens find it hard to afford a whole chicken dinner, certainly not the workers at the factory whose pay remains much the same, and certainly not the Jamaican economy as there has been little or no growth in our agricultural sector generally for years.
Did you know that if you apply for a permit to import a container of chicken in any form, the ministry of agriculture first refers the matter to the two chicken monopoly producers to find out if they have any objections? Tell them to challenge me on this!
What do you think is their response?
With that system in place, there is effectively no real competition in the marketplace.
In fact there is no marketplace.
You pay what the two local monopolies decide you should pay.
Since it’s so obvious, you will wonder why this backward policy has continued.
Well, the false theory is that we are saving the livelihood of the 30,000 small farmers.
But is this really true?
After years in the making, I proudly present to y'all
The Light
An EP by José Kuilan
Out on Friday 1/26
Produced, written, recorded, mixed, and mastered by yours truly!
I'm lit for yall to hear this shit!!!
Pre-Save it here:
https://t.co/cV3gzapel8
The time has come!
Today I finally wave goodbye MASSE, goodbye to KV
I will love them forever
But consider this my re-introduction!
MY NAME IS JOSÉ KUILAN
Year3 I decided to Launch BusHead876shop.
B4 I used to have people placing custom orders and never paying for it I would be stuck w/ the apparel.
Since launch I’ve seen who the real supporters of this movement are and I will forever be grateful for all #BraveandHumbleYear7
@DamionCrawfordJ I feel like just the other day you were on the fox express you frustration on this exact topic and yet still no one is listening
Educational minister really like dunceness
I’ll be walking 25 miles tomorrow and I’m dedicating it to Cancer Awareness I’ll also be shaving my head again this year to raise money to donate to the Jamaica cancer Society
Join me live throughout the journey tomorrow on Facebook and Instagram @ Kamar Chambers /Fargo.you.see