“Invest in Liberia: Africa’s hidden gem.”

Jan 15, 2025 - 09:28
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“Invest in Liberia: Africa’s hidden gem.”

Lagos, Nigeria –Liberia’s untapped tourism potential was a standout feature at the “Discover Liberia: Exploring Liberia Investment Opportunities 2025” event, held in Lagos. The forum, organized by CDIM (Commercialization, Development, Implementation, and Monetization) and PRECUT Collection in collaboration with the Liberian government, brought together key stakeholders to spotlight investment opportunities across agriculture, mining, real estate, transportation, and tourism

Ambassador Christopher Onanuga, Liberia’s Presidential Special Envoy on Tourism, delivered a captivating presentation highlighting the country's vast and unexplored tourism opportunities.

He described Liberia as a “hidden gem” in West Africa, boasting breathtaking landscapes, rich cultural heritage, and diverse wildlife that position it as a premier destination for tourism development.

“Liberia is a hidden gem, a land brimming with untapped resources, waiting for visionary investors to unlock its treasures,” Onanuga stated to a captivated audience. “From pristine beaches and lush rainforests to rich cultural heritage and diverse wildlife, Liberia has the perfect ingredients to become West Africa’s premier tourist destination.”

Onanuga emphasized the government’s commitment to fostering tourism as a key pillar of Liberia’s economic strategy. He highlighted how Liberia’s natural beauty, from eco-tourism to cultural heritage tourism, presents an unparalleled opportunity for investors looking to tap into Africa’s rapidly growing tourism market.

“Tourism is more than an economic venture for Liberia. It is an invitation to share our story with the world, to empower our communities, and to create jobs,” Onanuga said, urging investors to help Liberia develop a robust tourism infrastructure that could position the country as a top-tier travel destination in Africa.

In addition to tourism, Onanuga also spoke about Liberia’s broader economic framework, which offers significant incentives for foreign investors. The country’s dual currency system, which uses both the Liberian and US dollars, coupled with policies such as 100% profit repatriation and generous tax exemptions, makes Liberia a favorable environment for international businesses.

“These policies ensure that investors not only find opportunities in Liberia, but also see significant returns on their investments,” Onanuga explained, reinforcing Liberia’s commitment to building a stable, investor-friendly climate.

The Role of Intra-African Investment

The forum also featured key remarks from Jeff Blibo, Chairman of Liberia’s National Investment Commission (NIC), and Folami Olawale, Group Head/CEO of CDIM and PRECUT Collection, both of whom reinforced Onanuga’s message of investment opportunity and regional collaboration.

Blibo highlighted Liberia’s competitive edge in various sectors, particularly agriculture, real estate, and mining. He stressed the importance of government policies aimed at improving infrastructure, enhancing land-use systems, and opening new markets for investment.

“Liberia offers a fertile ground for visionary investors,” Blibo stated. “With our rich resources, dual currency system, and policies designed to maximize returns, we are positioning Liberia as an ideal destination for foreign direct investment.”

Blibo also reassured the forum’s attendees that the government was committed to creating an investor-friendly environment, ensuring that every investment is supported by stable policies and necessary infrastructure.

A Dollar-Driven Economy with Regional Impact

While Folami Olawale, Group Head/CEO of CDIM and PRECUT Collection, further underscored the significance of intra-African trade for sustainable growth, emphasizing the adage “Africa is for Africa, stressing that Liberia’s stable US dollar-linked economy presents Nigerian investors with a unique opportunity.

“Investing in Liberia allows Nigerian companies to generate profits in dollars,” Olawale said. “These earnings can be repatriated to Nigeria, increasing forex inflows and contributing to the stabilization of the naira.”

Olawale also echoed Onanuga’s focus on tourism, pointing out that tourism could play a pivotal role in enhancing Liberia’s global standing and creating sustainable economic growth. “Tourism is not just an industry; it’s a cultural bridge that connects Africa to the world,” he added.

Addressing Investor Concerns

During an interactive session, potential investors raised concerns about safety, ease of doing business, and the overall investment climate in Liberia. The Liberian delegation, addressed these concerns head-on, reassuring attendees of the government's commitment to supporting foreign businesses.

The delegation emphasized the government's efforts to ensure safety and streamline business operations. “We are committed to providing a secure and welcoming environment for investors. The Liberian government is here to partner with you every step of the way,”

Blibo introduced plans for a “one-stop shop” designed to simplify the investment process, making it easier for foreign investors to navigate Liberia’s business landscape.

A Clarion Call for Investors

The event concluded on a high note, with Onanuga delivering a powerful call to action for potential investors. “Liberia is ready. Our land, our people, and our policies are aligned to welcome the world. For investors with vision, the time to invest in Liberia is now,” he declared.

With its rich resources, tourism potential, and investment-friendly policies, Liberia stands poised to become a leader in sustainable economic growth in Africa. For Nigerian businesses and investors across the continent, the forum underscored that now is the time to invest in Liberia, a nation with vast potential and endless opportunities for growth.

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Winifred Sackor Winifred H. Sackor is a dedicated Liberian journalist with a strong passion for gender reporting, human interest stories, and agriculture. With a keen eye for impactful storytelling, she amplifies voices, highlights pressing social issues. Contact#: +231777454748/888533183 Email: [email protected]