As Liberia celebrates US$4.8 billion Dollars debt waiver couple with the improvement of its investment climate propelled by the UP led administration, another multi-million dollar company, SFR, a lubricant oil company, has expressed interest in doing business in the country.

The lubricant company, SFR, through its Executive Director Gerald G. S. Okai, yesterday disclosed to the Analyst that his group will be investing millions of dollars in the country; a move he said will help boost the nation’s shattered economy.

Narrating his plans further, Mr. Okai revealed that he was in the country to establish link for his enterprise and other group of companies in the United States who have plans to set up companies in the country and consequently, he added, his next step was to provide training for distributors and agents and produce qualify persons who will assume the management function of his company. In line with his training objectives, he said, his entity will be employing about fifty Liberians during the initial stages.

“I was basically sent here to be able to establish link for most of the major companies in America who want to establish businesses in Liberia.  During my three months stay in the country, I will be serving as a custodian for them in Liberia to be able to get their products on the market and as a result, we will be training distributors and agents and other qualify personnel to help manage the company,” he revealed.

He also claimed that his group, the SFR, produces 32 different kinds of brands of lubricant oil that will help accelerate the speed of motor vehicles plying the various highways and streets in the country.  For instance, he narrated, the company will produce engine oil for heavy duty machines such as caterpillars, yellow machines, dump-trucks, front loaders and other smaller vehicles and that it will enhance the country’s car industry. The company when fully established in the country, he said, will be in the business of exporting finish products to neighboring countries and other African states.

Mr. Okai who is an international trade  development specialist, expressed his delight about the country’s improve security condition, something he said  will encourage  a lot of companies in America  to come  and  invest  their businesses  in Liberia. With such a huge investment coming into the country, he averred, big companies like Mittal Steel, China Union, BRE and the car industry in Liberia will no longer have to worry about importing engine oil in the country because, he said, the group was capable of supplying the country and other countries in the sub-region with standard products and quality services that would enhance the smooth operations of vehicles as well as extending their durability.

However, his only disappointment in the country he pointed was the poor handling of law enforcement, something he said was incumbent upon every Liberian to improve other than relying on government alone. He said since entering into the country he has seen too many persons behaving loose in the traffic, describing such action as dangerous for the law enforcement process. He said it was particularly important for the country to address the issue of upholding the rule of law because, he claimed, every investor entering the country would want to see his or her investment protected.

Nonetheless, he was very quick to hasten in commending Madam Sirleaf and the UP Led government for the tremendous progress it continues to make in bring development to the country. Mr. said almost everywhere he went he saw that Liberians were determined in taking their nation forward and that it was now time that he and others contribute their quota towards the rebuilding of their common partrimony.