By: Ramsey N Singbeh Jr
Email: director@news.throngtalk.com
Contact: +231772641146 / 880147358
During his second State Of The Nation Address or SONA on January 27, 2025 at the grounds of the Capitol Building, President Joseph Nyumah Boakai, while speaking about the Liberian Economy, raised the hope of Liberians about ongoing negotiations between his government and multinational development partners that will boost the country’s economy in different sectors if successful.
Specifically, he said negotiations are underway with multinational companies in energy, mining, agriculture, infrastructure, and technology. “Once finalized, these negotiations are expected to bring over $3 billion in investments to our economy,” he stated.
He mentioned that some key agreements are still pending.
The implementations of policy changes to attract investment, including the simplification of regulations, reduction of red tape, and strengthening legal frame works while ensuring social protection and local empowerment are being done, according to President Boakai.
Mr Boakai spoke that over the last one year, his administration has focused on transforming Liberia’s investment climate.
This news has made a lot of Liberians happy, giving them hope, though hardship looms. As Liberians anticipate the success of Boakai’s $3 billion negotiations, it is prudent to understand that this news has two sides. There is a possibility that it will work or not work. Already, some of the people have begun interpreting that the president has a $3 billion investment that Liberians will benefit.
If it does not work, the president’s critics might see it as a point to celebrate but his supporters believe that this will yield results and shift the country’s economy to a positive dimension.
Well meaning Liberians think that this should become fruitful.
Not withstanding, in the midst of all the different perspectives, once the $3 billion investment negotiations come to a climax in the interest of the country, a lot of things will change in the various sectors of the country that are captured in the negotiations, boosting the economy.
If the government does not do the ‘Common Law Practice’ or the normal Liberian Man’s thing, it will mean a lot to the country. In short, if it is rightfully handled, Boakai’s $3 billion investment being negotiated will boost the Liberian Economy if successful.
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