By J.H. Webster Clayeh (0886729972) – [email protected]
Monrovia – President Joseph Nyuma Boakai has expressed deep concern over the rising value of primary commodities on the Liberian market, calling it a persistent burden on unusual residents.
Talking throughout Liberia’s 178th Independence Day celebration, President Boakai cited important gadgets reminiscent of flour, sugar, and constructing supplies as being unaffordable for a lot of Liberians, regardless of a decline in international enter prices.
“Whereas our nation and financial system are making regular progress, our home income stays restricted, and households proceed to really feel the burden of excessive costs,” President Boakai mentioned.
He famous a troubling contradiction out there: “This contradiction—the place enter prices have fallen but market costs stay excessive—requires pressing consideration.”
To deal with the scenario, President Boakai introduced the institution of a high-level presidential committee to analyze the value disparities and advocate sensible options.
“The fee might be chaired by somebody I belief dearly—a devoted public servant and an skilled businessman, Vice President Jeremiah Kpan Koung,” he mentioned.
President Boakai added that the committee has been given a 45-day deadline to submit a complete report with clear suggestions geared toward restoring equity and stability to the nation’s market system.
