The Liberian government has called on Nigerian investors to explore its vast economic potential, highlighting untapped opportunities in agriculture, mining, housing, real estate, tourism, and transportation.
Speaking at an event in Lagos on Friday, Jeff Blibo, Chairman of the Republic of Liberia National Investment Commission (NIC), outlined Liberia’s unique advantages, including a dual currency system (transactions in both Liberian and US dollars), 100% profit repatriation, and tax exemptions.
Economic Potential in Agriculture and Infrastructure
Blibo emphasized the significant growth potential of Liberia’s agricultural sector, describing it as a cornerstone of the nation’s economy. He noted ongoing government efforts to enhance infrastructure, streamline land use policies, and improve market access to support smallholder farmers and agribusinesses.
“Our government is committed to creating an investor-friendly environment and positioning Liberia as a hub for economic innovation in West Africa,” he stated.
Tourism and Cultural Heritage
Christopher Onanuga, Liberia’s presidential special envoy on tourism, highlighted the nation’s breathtaking landscapes, rich cultural heritage, and diverse wildlife as pillars for sustainable tourism development. He encouraged Nigerian investors to seize these opportunities, positioning Liberia as a premier West African tourist destination.
Strengthening Nigeria-Liberia Economic Ties
While acknowledging international interest from Chinese and Indian investors, Blibo expressed concern over the limited involvement of Nigerian investors in Liberia. He urged Nigerian business leaders to take advantage of the mutual benefits of closer economic collaboration between the two nations.
“Liberia is a land of immense promise,” Blibo said, encouraging Nigerian investors to unlock Liberia’s potential and contribute to its development goals.
Themed Event Promotes Intra-African Trade
The event, themed “Discover Liberia: Exploring Liberia Investment Opportunities 2025”, was organized by CDIM and Precut Collection in collaboration with the Liberian government. Mohammed M. Bah, Liberia’s presidential special envoy on investments, described the country as a “green land” rich with investment prospects.
“We believe Africa is for Africans, and sustainable growth can only be achieved through understanding and utilizing intra-African trade opportunities,” said Folami Olawale, Group Head/CEO of CDIM and Precut Collection.
Olawale also highlighted Liberia’s dollar-linked economy as a strategic advantage for Nigerian investors, noting that profits generated in Liberia could enhance Nigeria’s foreign direct investment inflows and stabilize the naira.
Assurances for Investors
Addressing concerns about safety, ease of doing business, and government support, the Liberian delegation reassured participants of a secure investment climate. They also announced plans to establish a “one-stop shop” to address investment needs efficiently.
This collaborative initiative underscores Liberia’s determination to attract Nigerian investors and foster stronger economic ties within the African continent.
