“Chevron Operations an Important Milestone in Liberia,” V.P Boakai

Friday, 11th March 2011
Monrovia, Liberia - Liberia’s Vice President Joseph N. Boakai, Sr., says energy is one of Liberia’s top priorities and that the technological expertise, financial strength and commitment to safety of Chevron, one of the world’s oil giants, will help unlock the exciting potential of Liberia becoming an oil producing country and energy rich nation.”
“The potential revenue, if oil is discovered in Liberia, will help transform the economy and accelerate future growth of our country,” he observed.
Vice President Boakai who made the observation on Thursday, March 10, at the formal inauguration of Chevron’s offices on 15th Street in Sinkor, said the presence of Chevron in Liberia is an exciting partnership that represents an expression of confidence in the leadership and future of Liberia.
Such expression of confidence, he added, is an essential condition for attracting other major investors in all sectors of the Liberian economy.
The Liberian Vice President said Liberia’s favorable business environment and her determined efforts to work closely with the United Nations, International Monetary Fund, the World Bank and other national and international partners to build transparency in its public service delivery system, also make it easier for her to collaborate with companies like Chevron.
He described Chevron as a world leader in innovative social capita and social investment plans to support communities in which it operates, saying it was gratifying to note that Chevron, in partnership with the Government of Liberia, NGOs and donor community has initiated 13 projects directed primarily towards the much-needed rehabilitation of infrastructure, and the provision of equipment for each of these sectors.
In a statement at the ceremony earlier, the head of Chevron Nigeria, Mr. Andrew Fawthrop said shortly after announcing its entry into Liberia, Chevron reviewed the critical needs of Liberia and launched a five-year multi-million dollar economic development initiative.
He said working in partnership with the Liberian Government and such organizations as YMCA
-Liberia, CHF-International identified the first batch of 13 projects for immediate funding. “We are well advanced in executing 8 of the 13 projects, including delivery of a 150 KVA Diesel Generator and 32-Seater bus to the government-run Redemption Hospital.”
He said under the project, Chevron has also established a fully furnished computer laboratory with 36 web stations at the Booker Washington Institute in Kakata, Margibi County. He added that under the auspices of the YMCA, Chevron is also funding two community radio stations in Gbarnga and Ganta to facilitate youth broadcasting.
Mr. Fawthrop said projects already being executed also include  the establishment of a program for children under age five at the John F. Kennedy Memorial Hospital in Sinkor, which is geared towards improving their health and to reduce child mortality rate.
He also said that in partnership with CHF-International, Chevron has also funded the digging of public latrines at Red light and Freeport communities and in Paynesville and Monrovia cities.
Mr. Fawthrop said Chevron was currently working with the Liberian Government  and local partners to identify a second batch of social investment projects.