Monrovia — Joseph Nyuma Boakai has disclosed that the government will take a firm stance in managing Liberia’s natural resources, stressing that they will not be entrusted to investors who fail to contribute to national development.
Speaking during a recent Cabinet meeting, President Boakai said the administration has decided to give the Vice President responsibility to oversee matters relating to the Putu Mountain concession.
“We are not going to take our resources and give them to people who cannot develop our country,” the President stated. “We will give this responsibility to the Vice President to take charge of the Putu Mountain.”
Putu Mountain, located in southeastern Liberia, is believed to contain significant iron ore deposits and has long been viewed as a potential driver of economic growth if properly developed.
President Boakai noted that the government has not yet set a deadline regarding the future of the Putu project but assured that efforts are underway to determine the best course of action.
“We haven’t put a deadline on when the Putu issue will come to an end, but we will see what we can do with that,” he added.
The President’s remarks come amid ongoing national discussions about the effective management of Liberia’s mineral resources and the need to ensure that investment agreements translate into tangible development for the country.
