Prime Minister Dr. Keith Rowley has hailed the performance of the National Investment Fund (NIF) for having made $897.6 million in payouts to bond holders since its launch in 2018.
In a post to his Facebook page, the Prime Minister also chastised the Opposition who he said attempted to undermine the National Investment Fund (NIF) by labelling it a ‘Ponzi’ scheme when it was launched in 2018.
Dr. Rowley said in the four years since its successful launch, not only has the Opposition been proven wrong, but NIF has now paid out $897.6 million in dividends to its faithful investors – many of whom are just ‘regular’ citizens.
He said furthermore, the investment portfolio on which NIF is based has grown solidly in that time, increasing in value from $7.9 billion to $10.02 billion – a 26.8% increase.