NIMBA COUNTY, LIBERIA – Vice President Jeremiah Koung has announced that he is expected to present the final report of a presidential mandate to President Joseph Nyuma Boakai next week, marking a key step in government efforts to address economic pressures facing ordinary Liberians.
According to the Vice President, the report places strong emphasis on the prioritization and protection of Liberian-owned businesses as a central strategy for stabilizing the economy and strengthening domestic commerce. He noted that empowering local businesses remains critical to reducing economic vulnerability and ensuring sustainable growth.
Vice President Koung made the disclosure on Sunday, December 28, 2025, during an appreciation program with members of the business community in Nimba County, where he acknowledged their role in driving economic activity and contributing to national development despite prevailing challenges.
He stressed that the success of any economic reform agenda depends heavily on the resilience and participation of local entrepreneurs, adding that Liberian-owned businesses must be positioned to compete fairly and operate within a supportive policy environment.
The Vice President is chair of the Presidential Ad-Hoc Committee on Price Contradictions, which was established by President Boakai to investigate the rising cost of basic commodities across the country. The committee was mandated to review market price structures and identify factors contributing to price instability.
As part of its work, the committee conducted assessments of prevailing prices of essential goods and engaged relevant stakeholders to develop practical and actionable solutions aimed at easing the burden on consumers.
Following the submission of the committee’s initial findings and recommendations, President Boakai announced reductions in the prices of several basic commodities, a move that provided immediate relief to households nationwide and signaled the government’s commitment to addressing cost-of-living concerns.
Vice President Koung said the final report will build on those earlier recommendations, with greater focus on policy measures that protect local businesses while promoting fairness and stability in the marketplace.
He indicated that the report also reflects lessons learned from the implementation of the initial price adjustments and outlines strategies to ensure that price interventions are effective and sustainable.
The Vice President reiterated the government’s determination to pursue economic reforms that balance consumer protection with support for domestic enterprises, noting that the forthcoming report will guide future actions once submitted to President Boakai.
