IPNEW:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal year. NaFAA Explains 2026 Budget Position, Cites Heavy Liabilities and Payroll Burden
By: Andrew B Weah
0770637216/0886429103
Monrovia, Liberia:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal yearNaFAA Explains 2026 Budget Position, Cites Heavy Liabilities and Payroll Burden
By: Andrew B Weah
0770637216/0886429103
Monrovia, Liberia:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal yearNaFAA Explains 2026 Budget Position, Cites Heavy Liabilities and Payroll Burden
By: Andrew B Weah
0770637216/0886429103
Monrovia, Liberia:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal yearNaFAA Explains 2026 Budget Position, Cites Heavy Liabilities and Payroll Burden
By: Andrew B Weah
0770637216/0886429103
Monrovia, Liberia:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal yearNaFAA Explains 2026 Budget Position, Cites Heavy Liabilities and Payroll Burden
By: Andrew B Weah
0770637216/0886429103
Monrovia, Liberia:The Acting Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe, Sr., has clarified that the institution did not refuse to commit to the 2026 national budget, emphasizing that NaFAA has already committed US$500,000 despite severe financial constraints inherited from the past administration.
Speaking before the Plenary of the House of Representatives, Saygbe outlined a troubling financial landscape, revealing that upon assuming leadership in March, NaFAA inherited US$3.1 million in liabilities, including US$1.3 million owed to the Liberia Revenue Authority (LRA). Additional debts are owed to NASSCORP, the National Port Authority (NPA), and several private vendors, he said.
According to the Acting Director General, NaFAA’s internal financial pressures are further compounded by a large workforce of 203 staff with an annual wage bill of US$2.4 million. With total revenue standing at US$3.2 million, Saygbe said the institution was left with just over US$300,000 for operations, making effective service delivery increasingly difficult.
“This situation clearly shows why we must diversify our revenue streams,” Saygbe told lawmakers, stressing that NaFAA is committed to financial reforms, increased efficiency, and enhanced revenue generation to ensure the long-term sustainability of the fisheries sector.
Despite the financial challenges, Saygbe assured the House that NaFAA remains committed to fulfilling its obligations under the 2026 Budget Framework and will continue working with stakeholders to strengthen the Authority’s operational capacity.
NaFAA’s appearance before Plenary follows ongoing national budget hearings aimed at assessing the readiness and fiscal discipline of government institutions ahead of the 2026 fiscal year.
