Government Looking Forward to Investments in Rural Areas

Wednesday, 19th August 2009
Monrovia, Liberia - Liberian Vice President Joseph N. Boakai has welcomed a 25,000 acre investment by the Liberia Agriculture Incorporated in southeastern Grand Gedeh County.

He said investments in rural areas would help to depopulate the capital Monrovia, which experienced unprecedented population explosion during the crisis, as well as develop them and create opportunities for residents.

The population of Monrovia, which was considered a safe haven during the war, has risen  from about  400,000 before the war to more than one million inhabitants now.

Vice President Boakai was speaking August 18, when a German-based financier of Liberia Agriculture Incorporated, Dr. Nicholas Wenzel, accompanied by the former Chairman of the National Disarmament Demobilization, Rehabilitation and Reintegration Commission , Dr.
Jervis Witherspoon, paid a courtesy call on him at his Capitol Building office.

The Vice President said Liberia has the land area, fertile soil and water resources as well as the ideal climate for the cultivation of rice, adding that Liberia has provided attractive incentives for investors.

Briefing Vice President Boakai earlier, Dr. Witherspoon disclosed that the project will employ 1,400 Liberians, and that a team of Pakistani experts would be brought in to train Liberian farmers to continue the farming project after the company’s contract expires.

Dr. Wenzel said the company has decided to invest in rice and soy beans production to avert the predicted world-wide food shortage. ”We are acting now to prevent it, “ he said.