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Politics News

NIC refutes ‘no investors’ claims

The Executive Director of the National Investment Commission Attorney Molewuleh B. Gray debunk rumors of no investor coming to Liberia, disclosing that since February to November, the Government of Liberia has received 162 letters of intent to invest in the country.

Addressing the Ministry of Information regular press briefing Thursday, 6 December at the Ministry, Director Gray explains that out of the 162 letters of intent, government has sent out invitations and received 51delegations that have come and sat with the NIC, and some them already granted permission to conduct feasibility study.

He says rumors of no investor coming to the country is completely falsehood, further disclosing that 22 investors from the United States have shown interest in investing in Liberia, most of them in the energy sector.

He reveals the NIC has also signed a $100 million dollars MOU with a company called Christo-port to invest in the Port of Buchanan in Grand Bassa County, adding the deal was consummated this year, and not ten years to come.

He adds that investors at all times don’t necessarily have to go to the National Investment Commission, noting that once their businesses are registered and they acquired tax identification numbers, investors can invest billions of dollars. “The government is concerned about business been done in their country ” He says.

The NIC boss continues that investment is a process, not an event, as it requires going through the PPCC and obtaining certificate. He says the NIC has set an investment incentive program to guide investors throughout, including a five-year certificate to carry out importation, and goods arriving here will be inspected before they get on the Liberian market.

By Ethel A. Tweh–Editing by Jonathan Browne

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