11 May 2014

Liberia: 'Building Private Sector Does Not Require Politics' ... Governor Jones

"We must sincerely build the private sector in our country and doing so does not require politics," Dr. Joseph Mills Jones, Executive Governor of the Central Bank of Liberia (CBL) has said.

The CBL Governor said it is not a good thing for Liberians to be only interested in government's job while foreign nationals in the country are extensively engaged in the business sector.engaged in the business sector.

Speaking last Saturday when he was honored by the Federation of Road Transport Union of Liberia (FRTUL) and the Citizens Progressive Movement Savings and Credit Union (CPMSCU) in Buchanan, Grand Bassa County, Dr. Jones stressed the need for the development of a vibrant Liberian private sector.

"The only way those in the valley of poverty shall be lifted is when Liberians seriously endeavor to build a strong private sector in which people purchasing power can be enhanced. If you join me in doing this then you people have seen what I have seen," Dr. Jones said.

He told the hundreds of citizens that gathered at the Buchanan Fairground for the honoring ceremony that "one cannot buy freedom by letting others to trample on the rights of others. We all have to work together to lift Liberia."

Governor Jones urged the FRTUL and CPMSCU) to unite around a common will and vision noting that with unity all can work hard to succeed as a union.

He said development is not a project but a process that comes from the collective effort of a people thus enabling them to create wealth.

One his micro loan initiative which is putting a lot of people into business, Dr. Jones said the CBL will remain a friend of the private sector saying "we are not throwing money away but trying to invest in the future of Liberia."

He stated further that the CBL is working with 38 Village Saving Associations and credit unions in Grand Bassa County and will continue to do so. He also encouraged those in business to network and be able to produce finished products for the outside market.

Earlier, the two organizations in presenting a certificate of honor to Dr. Jones outlined his courage and patriotic contribution to the development of the Liberian private sector especially for those at the grass-root level.

The two economic groups recommended the establishment of the Dr. J. Mills Jones Foundation that will foster the growth of Liberian business and promote a Liberian entrepreneurship by awarding scholarships to deserving individuals for the growth of the private sector.

Dr. Jones' visit to Buchanan was no different from similar visits he paid to other parts of the country as members of the National Petty Traders Union of Liberia (NAPTUL), Student Groups, the FTRUL, members of various credit union organizations and thousands of Bassa citizens turned out in mass to give him a rousing welcome.

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