Monrovia, Liberia — The Government of Liberia, through the National Investment Commission (NIC), has welcomed the 2025 U.S. Investment Climate Statement on Liberia, describing it as a valuable and objective assessment of the country’s investment environment.
In a statement released Monday, the NIC expressed appreciation to the U.S. Department of State for its continued engagement with Liberia and for highlighting both the opportunities and ongoing challenges facing investors in the country. The Commission said the report reaffirmed its long-standing position that investment is a process~ not a one-time event ~ requiring sustained engagement, due diligence, and collaboration between investors and the Government of Liberia.
The U.S. report acknowledges hurdles such as high electricity costs, infrastructure constraints, and bureaucratic inefficiencies. However, it also commends the Boakai administration’s commitment to institutional reform, transparency, and accountable investment governance ~ all pillars of President Joseph N. Boakai’s ARREST Agenda for Inclusive Development (AAID 2025–2029).
According to the NIC, U.S. companies now represent over US $5.7 billion in active and potential investments in Liberia. These include major initiatives such as the multi-billion-dollar Liberty Corridor Project, led by Ivanhoe Atlantic (formerly HPX), as well as new ventures in energy, healthcare, and education.
From January 2024 to September 2025, Liberia hosted more than 500 foreign and diaspora-linked investment missions, representing a combined US $6 billion in potential projects. These delegations included firms from the U.S., Canada, Europe, Turkey, and Asia exploring opportunities across energy, mining, ICT, agro-processing, tourism, and infrastructure.
In line with President Boakai’s push for economic diplomacy, the NIC has led and participated in several international investment forums:
U.S. Diaspora Investment Forum (Philadelphia, 2024; Washington, D.C., 2025): Over 200 Liberian-American investors pledged more than US $60 million in sectors such as real estate, education, and renewable energy.
Canada-Liberia Business Forum (Toronto, 2024): Generated US $80 million in pre-feasibility commitments, particularly in agro-industrial zones and clean energy.
EU-Liberia Investment Forum (Brussels, Q2 2026): A forthcoming event aimed at showcasing Liberia’s Special Economic Zones and agro-industrial parks.
Regional Forums: Liberia played a key role at the 2025 Africa Energy Forum and the ECOWAS Investment Roundtable, positioning itself as a regional hub for rail, port, and energy integration.
The NIC pointed to growing investor confidence under President Boakai’s leadership, particularly due to anti-corruption measures and institutional reforms. The launch of the Integrity and Accountability Framework (IAF 2025) and enhanced oversight by the Inter-Ministerial Concession Committee (IMCC) have improved transparency in investment agreements.
Additionally, the NIC has rolled out a digital Investor Tracking and Aftercare System (ITAS) to monitor applications and track project milestones in real time ~ an initiative praised in the U.S. report and seen as a key step toward digital governance.
Other notable achievements under the Boakai administration include: Renewed investor interest in large-scale infrastructure and energy projects, the lifting of a moratorium on investment incentives in June 2024, signaling a more open investment environment, and an expanding pipeline of investment projects facilitated through NIC’s step-by-step engagement model.
While acknowledging challenges that remain ~ particularly in infrastructure, power supply, and ease of doing business ~ the NIC affirmed its commitment to ongoing reform.
“Investment is not an event but a process,” said Hon. Jeff B. Blibo, Chairman of the NIC. “We value the partnership of the U.S. and the broader international community in recognizing Liberia’s progress. Under President Boakai’s leadership, our priority is clear—to create a transparent, competitive, and inclusive investment environment that benefits both investors and the Liberian people.”
The National Investment Commission is Liberia’s lead agency for investment promotion and facilitation. It works to attract responsible investment aligned with national development goals, foster value addition, and expand employment opportunities for Liberians.
