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    Home » Liberia: Nigerian delegation explores investment opportunities in Liberia
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    Liberia: Nigerian delegation explores investment opportunities in Liberia

    Chester SmithBy Chester SmithMarch 4, 2025No Comments3 Mins Read
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    IPNEWS: A high-powered business delegation from Nigeria, led by the Global Initiative for the Advancement of Africa (GIAA), concluded a four-day visit to Liberia, aimed at fostering partnerships and exploring investment opportunities.

    The delegation, comprised of prominent entrepreneurs, CEOs, and policymakers, engaged in extensive discussions with key Liberian government officials and private sector leaders.

    This was contained in a statement signed by Dr. David James Egwu, Co-Founder, Global initiative for the Advancement of Africa (GIAA), Dr. Utchay Odims, Co-Founder/President, Global initiative for the Advancement of Africa (GIAA) and Hon. Dr. High Chief Ginika Tor, Chairman of Board, Global initiative for the Advancement of Africa.

    The GIAA, a non-profit organization dedicated to catalyzing Africa’s growth, was warmly welcomed by Hon. Oretha Juah Bestman-Yates, Minister of Human Resources and Employee Relations, along with Ambassador Queen Julie Endee and Queen Lovette Sade Awode, GIAA’s Liberia Coordinator.

    During their visit, the delegation held productive meetings with high-ranking officials, including Hon. Sylvester M. Grigsby, Chief of Staff at the Office of the President; Hon. Macdella Cooper, Senior Special Adviser to the President on Political Affairs; and Atty. Samuel Kofi Woods, National Security Advisor. They also engaged with numerous ministers, including those responsible for Youth and Sports, Gender, Children, and Social Protection, Cultural Affairs and Tourism, Information, Commerce and Industry, and Agriculture.

    The GIAA delegation further connected with key stakeholders in the private sector and government-owned agencies, including the Liberia Business Association Inc. (LIBA), the National Housing Authority, the National Investment Commission (NIC), and the National Oil Company of Liberia (NOCAL), and the Liberia Petroleum Refining Company (LPRC).

    “Our discussions revealed a strong commitment to creating a conducive business environment that fosters growth and innovation,” stated Dr. David James Egwu, Co-Founder of GIAA. He highlighted the advantages of investing in Liberia, particularly its dual currency system, which utilizes both the US dollar and the Liberian dollar, simplifying transactions and mitigating currency fluctuation risks.

    The delegation also praised the current administration led by President Joseph Boakai Sr., for its dedication to ensuring Liberia benefits its people. They noted the strategic appointment of young, dynamic, and intellectually astute leaders to key positions, aimed at steering Liberia towards sustainable development.

    “The current administration is committed to ensuring that Liberia works for the benefit of its people,” said Dr. Utchay Odims, Co-Founder/President of GIAA. “We are optimistic about the future of our collaborations and the potential they hold for mutual growth and prosperity.”

    The GIAA expressed its gratitude to President Boakai, Minister Bestman-Yates, and all government officials who facilitated their visit. The farewell reception hosted by Hon. Macdella Cooper and Ambassador Julie Endee was a fitting conclusion to their productive mission.

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