Published: August 9, 2024
Monrovia – Liberia’s Acting Finance and Development Planning Minister, Anthony G. Myers, has identified agriculture, roads, and tourism as crucial sectors for national investment across the country.
Acting Minister Myers made this statement during a brief ten-minute presentation at the ongoing National Investment Conference organized by Nova Africa Ventures, held at the Ellen Johnson Sirleaf Ministerial Complex in Oldest Congo Town, Paynesville.
According to Myers, both private and public sector investors should consider economic specialization in activities that will boost trade and business. He emphasized that focusing on key business specializations as an investor will strengthen the economy and promote national growth and development.
“I am calling on all private and public investors to align their efforts with agriculture, roads, and tourism, as they are integral to the ongoing national development plan for inclusive development,” Minister Myers stressed.
He further noted that by doing so, Liberia could become a specialized hub for the neighboring region, facilitating the trade of goods and services.
“Developing countries around the world are known for setting economic specializations that drive their economies and promote national investment. For example, when you think of Swiss products, you think of quality and durability; when you consider their banking system, you think of trust and confidentiality,” Minister Myers told stakeholders.
He revealed that investing in infrastructure development, such as roads, would boost agricultural production, commerce, and trade, while also enhancing skills by creating marketing opportunities for growth and development across all sectors of the economy.
The Acting Finance Minister informed stakeholders about the robust measures the government of Liberia is implementing to transform the economy and diversify other potential sectors for national investment. He pointed out that cooperation and partnership would yield better results if investors align their priorities with the ARREST Agenda.
Gbarpolu County Senator Hon. Amara M. Konneh also highlighted two key opportunities for national investment to boost Liberia’s growth and development.
According to Senator Konneh, the ARREST Agenda requires both internal and external reform. “As a developing country, we need external support, but let us focus on internal reforms that will attract investors and ensure they get returns,” he said.
Senator Konneh noted that when internal and external reforms are properly addressed, the rate of inclusive development will spread across all sectors of the economy, changing the narrative.
Hon. Konneh expressed optimism about President Boakai’s commitment to improving the lives of all Liberians by managing government finances prudently and ensuring fiscal predictability.
“The country’s ability to establish an institutional environment, secure investment contracts, enforce land rights, and uphold property rights will lead to substantial growth,” he added.
The ongoing National Investment Conference is being attended by Acting Finance and Development Planning Minister Hon. Anthony G. Myers, Gbarpolu County Senator Amara M. Konneh, several government officials, private sector investors, the CEO of Nova Africa Ventures, and other prominent Liberians.
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