Monrovia – The former Chairman of the National Investment Commission (NIC), Natty B. Davis has outlined the need for economic recovery for Liberia.
Mr. Davis noted the country’s economy needs stimuli interventions for total recovery.
Serving as keynote speaker at the opening of a seminar held by The Liberia Netherlands Business and Culture Council (LNBCC), Mr. Davis stated that there’s a strong need for full implementation of existing Government of Liberia policies with a view to successfully achieve desired results.
“Current policies on the books need to be robustly implemented if Liberia will achieve its desired results everyone is yearning for,” he noted.
He wants a full implementation of President Ellen Johnson Sirleaf’s Executive Order #89, recently issued to institute policy measures for stimulating economic growth by reducing administrative and business process requirements on concessionaires, small, medium-sized businesses and manufacturers as an example.
The keynote speaker also said that the government of Liberia has developed several systems including infrastructural developments on the regional integration front that have great potential for economic growth.
He named the West African Power Pool, the Ganta Highway Project, and the West African interconnecting road infrastructure as some of the systems being developed.
He noted that the complexity involved in projects calls for major changes in contracts over a period of time in Liberia.
“There are complexities involved in infrastructural projects regarding major changes that can occur in contract costing over the period of project development in our country,” he said.
The networking event was attended by a cross-section of Liberians, Dutch and other foreign business executives, as well as international NGOs operating in Liberia.
The Liberia Netherlands Business and Culture Council (LNBCC) hosted its Inaugural Business Seminar and Membership Networking Event at the Liberia Chamber of Commerce on Capitol Hill in Monrovia.