24 January 2018

Liberia: President Weah's Vow to Help Liberian Businesses Commended

The owner of the In God We Trust Multi-purpose Credit Union of Gardnersville has saluted President George Weah for his government's vow to stop the marginalization of Liberian owned businesses.

Saye J. Bayie said he was impressed with President Weah's statement that "We (Liberians) cannot remain spectators in our own economy," adding that it encourages Liberian business owners, for which the President deserves commendation.

He said in an interview with the Daily Observer yesterday that it is clear that Liberian business owners have had nasty experiences because of lack of empowerment by previous government.

"I was highly impressed with President Weah's statement that his government will prioritize the interest of Liberian owned businesses and offer programs to help them become more competitive," he said.

The credit union owner said President Weah's statement is significant because Liberian businesses have been in the headlines for all the wrong reasons, among them, poor performance on the local as well as in international competitions and the low budgetary allotment from the national government.

Liberian entrepreneurs have blamed the past government for lack of its interest in investing enough money in the Liberian business sector, which made it difficult for Liberian businesses to compete with the more financially portent foreign-owned businesses.

He said while business is one of the world's greatest organizations for profit, it should not just be about competition but a catalyst for positive change and a means to provide a solution for an individuals' economic problems.

The In God We Trust Multi-Purpose Credit Union was founded in 1970 and has provided financial relief for a good number of Liberians who are presently engaged in business. The Union presently has more than 500 members who receive credit in an organized system to enable them invest in their small businesses.

Liberia

Weah - 'My Mandate Is to End Corruption in Public Service'

In his inaugural speech yesterday, President George Manneh Weah assured Liberians that the mandate given him is to end… Read more »

Copyright © 2018 Liberian Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.