Liberia: Boakai Calls for Intensive, Transparent Overhaul of Petroleum Sector

23 December 2025
Liberian Observer (Monrovia)
By : Queenelle Bailey

President Joseph Nyuma Boakai has called for an intensive, transparent, and results-driven intervention across Liberia's petroleum sector. On December 20, 2025, during the ceremony, Boakai stressed that effective governance of the industry is critical to national development, energy security, and economic growth.

The Liberian leader made the call on Friday while commissioning the newly constructed headquarters of the National Oil Company of Liberia (NOCAL), describing the facility as a strategic milestone in strengthening institutional capacity and improving coordination within the sector.

According to Boakai, the new headquarters is expected to enhance operational efficiency at NOCAL and position the institution to better deliver on its mandate. He emphasized that Liberia's oil and gas resources must be managed responsibly and in the best interest of the Liberian people.

"The petroleum sector is too important to our national future to be undermined by weak governance or inefficiency," the President said, urging NOCAL's leadership to uphold accountability, professionalism, and transparency in line with international best practices.

Keep up with the latest headlines on WhatsApp | LinkedIn

President Boakai called for concrete reforms, including stronger regulatory oversight, improved governance frameworks, and increased technical capacity to ensure sustainable management of the sector. He noted that such measures are essential for restoring confidence, attracting investment, and ensuring long-term benefits for the country.

He also underscored the importance of collaboration among government institutions, private sector actors, and development partners to modernize infrastructure, stabilize the petroleum market, and improve supply reliability. He encouraged NOCAL to play a more proactive role in policy implementation and sector-wide coordination.

The commissioning ceremony brought together senior government officials, members of the Legislature, representatives of the petroleum industry, development partners, and staff of NOCAL.

The new headquarters is expected to significantly enhance service delivery and strengthen NOCAL's operational effectiveness as it advances Liberia's petroleum agenda.

Read the original article on Liberian Observer.

Tagged:
Copyright © 2025 Liberian Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 90 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 allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.