CBL Named ‘Chief Driver’

The Federation of Road Transportation Union of Liberia (FRTUL) has named Central Bank Governor Dr. Mill Jones as  “Chief Driver” of the Republic of Liberia.

Governor Jones was presented an ID card and a symbolic key for his numerous contributions to the improvement of the union. Presenting the honor, FRTUL President General Papa Flomo said Dr. Mill Jones has always stood by the union in various ways. He did state which ways.

But the honor was bestowed on Dr. Jones when members of the FRTUL ended the amendment process of the organization’s new constitution-a process that brought together in Gbarnga members of the union from across the country. Delivering a Speech on behalf of the Central Bank Governor, the Office-In-Charge at the Micro Finance and Inclusion Unit of the CBL pledged  its continuous commitment to supporting the Union.

Eu-Tumu Trueh added that the Management of the Bank would ensure that members of the union have access to loan facilities, emphasizing the need for members of the union to graduate from driving for individuals to personal ownership of commercial vehicles to subsequently become employers.

The Micro Finance and Inclusion Unit OIC told members of the FRTUL that the Bank’s Executive Governor will continue to ensure the financial empowerment of  Liberians, noting that while some politicians in the country may be criticizing the efforts of the CBL Governor to provide loans, the government will not relent in ensuring the empowerment of the Liberian  business community.

Mr. Trueh added that Dr. Jones believes in an environment wherein opportunities are provided the Liberian business community for growth and development, resisting the belief that they do not pay back loans.

He maintained that Liberian businesses have disproven such notion, as currently the CBL has already received over ninety percent repayment of loans credited to Liberian business entities around the country.

Mr. Trueh added on the basis of such encouraging posture, the CBL was able to launch the CBL Credit Stimulus Initiative in 2010, saying the program has provided over 4.6 Million United States Dollars to Liberian-owned businesses for their improvement.

The Micro Finance and Inclusion Unit OIC disclosed that in the coming weeks, a private Ghanaian company is expected in the country with one hundred commercial vehicles to help provide more jobs and ease the transportation problems.