PRESIDENT SIRLEAF DECLEARS LIBERIA AS THE NEW INVESTMENT FRONTIER IN AFRICA
MICAT/LONDON/31 October 2013: As is with all her foreign visits, President Ellen Johnson Sirleaf made a convincing pitch for foreign direct investment on behalf of Liberia again—this time at the Royal African Society breakfast meeting in London, U.K.—portraying her country, Liberia, as a new frontier for investment in Africa.
The President said the last six years of her administration has been devoted to putting in place strategic policies which has resulted in an annual growth rate of 6.5 percent. percent.
”We are now moving to the period of transformation. We have two basic long term objectives in that regard; in ten years that Liberia should not be aid-dependent, move from aid dependency to sufficiency,” she said.
“With that relatively small population and with the vast natural resources we have, we think that by the year 2030, the time frame for our new development agenda, we should move into a middle in-come country status,” President Sirleaf said.
Speaking amidst applauses from the audience, the Liberia leader said her government has mobilized more than 16 billion in Foreign Direct Investment, mostly in the extractive industry, but noted that efforts will be made in adding value to the natural resources of the country by encouraging the establishment of industries.
“We don’t want to see ourselves as a primary exporting country forever,” she said. “Adding value to our natural resources implies that you put in place things such as power, good systems and those things that enable you to deal with skills.”
But President Johnson Sirleaf noted the challenges inherited by her Government such as youth unemployment, lack of capacity and broken educational and health systems.“We have made considerable efforts in addressing these challenges by putting the nation’s productive asset to work and rebuilding our broken institutions,” she said further.
On agricultural extension and the effective management of the forest industry, the Liberian leader said the government strategy addresses three basic areas, namely, conservation, commercialization and community benefit.
Speaking further, President Johnson Sirleaf said, “We are determined to make Liberia a post-conflict success story and we are on the road to doing that, she said.”We will continue to take advantage of the international goodwill, the process we’ve made have been recognized.
Asked as to what she things her legacy will be at the end of her tenure, the President Sirleaf answered emphatically: “Pursuing national peace and integration while fostering a course of irreversible peace and the proper utilization of the nation’s resources.”
blog comments powered by Disqus