Liberia Opened for Business - President Weah Tells Nigerian Counterpart

President Muhammadu Buhari, right, met behind closed doors with the visiting Liberian President George Weah.

Abuja, Nigeria — Liberian President George M. Weah has declared that Liberia is now opened for business to the world, especially Nigerian private sector investors, who are strong players in rapid growth of the African continent.

The Liberian leader said there is a need to address the current trade volume between the two countries, which is very low and does not exceed five million dollars. President Weah made the remarks in Abuja, Nigeria during his official visit to that sisterly nation.

An Information Ministry dispatch from Abuja, Nigeria says, the Liberian leader named electricity, housing, fisheries and mining as some of the key areas Nigerians could invest.

"There are also major shortcomings in the electricity and power sectors, in road construction, in housing, in mining, and in fisheries, to name a few, that could be of serious interest to Nigerian investors, either as individuals or companies, or through joint-ventures or public-private partnerships;" the Liberian leader said.

The dispatch further said, the Liberian leader called on Nigerian business leaders to come to Liberia and explore the many available opportunities.

"We invite all of you to come to Liberia and explore the many new opportunities for investment that abound."

President Weah vowed that his administration will create a business friendly environment for foreign and local businesses.

"I promise you that you will find a government that is not only business friendly, but ready to do business, he asserted.

"On a personal note, President Buhari, it is my intention, with all due respect and affection, to frequently seek your wise counsel and advice as we embark upon this arduous task of nation-building, reconstruction, and transformation of my country," the Liberian leader said.

At the same time President George M. Weah has made a passionate appeal to Nigerian banks in Liberia not to leave the country.

The Liberian leader recounted the vital role Nigerian banks are playing in the Liberian economy through the provision of micro loan and other social development programs.

"The Liberian banking sector is dominated by Nigerian banks, and I am made to understand that their Head offices in Nigeria may be considering reducing their support or even shutting them down because of the recent downturn in our economy.

"If this is true, I urge them not to do so, as l am optimistic that trade and commerce will increase in the near future; President Weah said.

See What Everyone is Watching

More From: FrontPageAfrica

Don't Miss

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.