V.P. Boakai Assures Investors

Thursday, 27th September 2007
New York - Liberia’s Vice President Joseph N. Boakai has assured investors that Liberia has the land and excellent rainfall for oil palm cultivation.

He disclosed that the country has thousands of acres of oil palm plantations cultivated by previous governments that are currently lying idle.

Vice President Boakai gave the assurance Wednesday, when the former Prime Minister of Canada, J.J. Jean Chretien at the head of a business delegation, paid a courtesy call on him at Liberia’s Permanent Mission in New York, U.S.A.

Vice President Boakai said Liberia also has investment opportunities in port management, with the mining sector still vibrant.

Briefing Vice President Boakai earlier, former Prime Minister Chretien said his visit as intended to promote political, economic, commercial  and social ties between Liberia and Canada.

Mr. Chretien informed Vice President Boakai that Canadian companies were interested in cultivating oil palm, coconut and whatever can be transformed into biofeuls, in Liberia.

“We have decided to invest millions in Liberia. The sooner, the better. We were asked to look at different countries in Africa for such venture, and we feel that Liberia is an ideal place for such venture,” Mr. Chritien said.

Liberia’s Ambasador to the United States, Charles Minor who accompanied the Canadian  investors to the Liberian Permanent Mission in Nw York, said government cultivated coconut and oil palm plantations across the country in the 1970s with the assistance of experts from the Ivory Coast, that
could be exploited by investors.

Ambassador Minor however said the oil palm trees cultivated in the 1970s have matured and stressed the need to bring in experts to assess these plantations and rehabilitate them.