By Bill W. Cooper
The Liberian government has officially invited Nigerian investors and entrepreneurs to explore the country’s untapped economic potential.
At a recent conference in Lagos, Nigeria, the chairman of the National Investment Commission (NIC), Jeff Blibo, highlighted opportunities in agriculture, mining, renewable energy, housing, real estate, tourism, and transportation.
The event, held under the theme: “Discover Liberia: Exploring Liberia Investment Opportunities 2025,” Chairman Blibo also emphasized the country’s rich natural resources and strategic location.
However, the conference was organized by the Commercialization, Development, Implementation and Monetization (CDIM) and PRECUT in collaboration with the Liberian government.
The event aims to bridge the gap between investors and the Liberian Government, fostering direct foreign investment (FDI) and forex inflows crucial for Nigeria’s economic growth and naira stability.
The NIC boss further elaborated on Liberia’s unique advantages, including its dual currency system (Liberian dollar and US dollar), coupled with attractive government incentives like 100% profit repatriation and tax exemptions.
He, however, highlighted that the Liberian agricultural sector is a key area for investment, emphasizing government efforts to improve infrastructure, land-use policies, and market access, among others.
The Head/CEO of CDIM and PRECUT Collection, Folami Olawale, used the occasion to underscore the significance of intra-African trade for sustainable growth, emphasizing the adage “Africa is for Africa.”
He highlighted that investing in Liberia, with its stable US dollar-linked currency, offers Nigerian businesses the opportunity to generate returns in dollars.
Olawale added that repatriating these earnings to Nigeria can significantly boost FDI, increase forex inflows, and stabilize the naira currency.
Also, the Presidential Special Envoy on Tourism, Christopher Onanuga captivated the audience about Liberia’s untapped tourism potential, disclosing its historical landscapes, rich cultural heritage, and diverse wildlife.
Ambassador Onanuga further encouraged Nigerian investors to seize the opportunity to transform Liberia into a premier tourist destination in West Africa.
While the Presidential Special Envoy on Investments, Mohammed M. Bah urged Nigerian investors to approach Liberia with an open mind, describing it as a “green land” brimming with investment prospects.
He further pledged the Joseph Boakai government’s commitment to creating an investor-friendly environment which any neighboring country or international partner can take advantage of.
Meanwhile, during the interactive session, investors raised concerns about safety, ease of doing business, and government support, but the delegation quickly addressed these concerns.
They assured attendees of a secured investment climate, and thereby promised to establish a “one-stop shop” to address all investment needs, thus instilling confidence among potential investors.
The event proved to be a resounding success for the Joseph Boakai’s government, paving the way for enhanced economic ties between Nigeria and Liberia.
By showcasing Liberia’s investment-friendly policies and vast opportunities, CDIM and PRECUT Collection have reaffirmed their commitment to driving transformative investments across Africa.
This collaboration will not only benefit Liberia’s development but also position Nigerian businesses for success in a stable, dollar-driven economy.
By investing in Liberia, they can not only reap substantial returns but also contribute significantly to sustainable development across the African region and beyond.
