“LPRC, NaFAA, NPA Fall Short of Revenue Targets, LRA Boss Reveals”

Liberia’s State-Owned Enterprises Struggle to Meet Financial Goals, Reveals Revenue Commission Head

In a recent press conference, Liberia’s Revenue Authority Commissioner General, Mr. James Dorbor Jallah, revealed a concerning financial shortfall from several State-Owned Enterprises (SOEs), which failed to meet their revenue targets set to support the national budget.

Commissioner General, Mr. James Dorbor Jallah Speaking During a press conference January 14, 2025

Jallah disclosed that while some SOEs have performed well, others have struggled or failed entirely to fulfill their financial obligations to the government. Specifically, he highlighted the National Port Authority (NPA), the National Fisheries and Aquaculture Authority (NAFAA), and the Liberia Petroleum Refinery Company (LPRC) as the worst offenders.

• LPRC, with a target of $3.5 million, was able to contribute only $2.5 million, leaving an outstanding balance of $1.3 million.

• NPA was tasked with generating $6.38 million, but could only deliver $3 million, leaving a shortfall of $3.38 million.

• NAFAA was assigned a target of $1.2 million but failed to provide any funds, contributing nothing.

In contrast, the Liberia Maritime Authority (LMA) was one of the few to meet its full revenue target, offering a rare success in the otherwise disappointing financial landscape.

The shortfalls from these key agencies could significantly impact the government’s revenue stream, raising concerns over the effectiveness of Liberia’s state-run enterprises in supporting the national budget.