MONROVIA, LIBERIA – In a recent statement, Amin Modad, Liberia’s Minister of Commerce and Industry, has highlighted significant changes in the nation’s rice importation policies under the new administration. The Ministry’s efforts aim to disrupt the longstanding dominance of foreign importers and empower Liberian businesses in the critical rice market.
Minister Modad revealed that the current administration inherited six major rice importers from the previous government, none of whom were Liberian. “NO LIBERIAN WAS GRANTED IPDs or permits to bring in large volume rice during the previous administration,” Modad emphasized, pointing to a glaring lack of support for local entrepreneurs in the past.
Despite being in office for just four months, the new administration has made swift and decisive moves to alter this landscape. “Within the last 3 months of our leadership, we granted 3 permits to bring in rice out of the 5 new applications. ALL WERE LIBERIANS,” Modad announced. This marks a significant shift from previous policies and demonstrates the administration’s commitment to fostering domestic economic growth and self-reliance.
Modad reassured the public that the administration is determined to “change the narrative and not be distracted.” He affirmed their dedication to the ARREST Agenda, a framework aimed at promoting economic stability, accountability, and sustainable development in Liberia. “We are true to our commitments and the ARREST Agenda!” Modad declared, signaling a steadfast commitment to transformative economic policies.
The Minister’s statement underscores a broader strategy to empower local businesses and reduce reliance on foreign entities for essential commodities like rice. This shift is not only expected to bolster the Liberian economy but also to create more opportunities for local entrepreneurs and enhance national food security.
As the administration continues to roll out its policies, the focus remains on ensuring that Liberians are at the forefront of the country’s economic activities. By granting permits to local importers, the Ministry of Commerce and Industry aims to democratize market access and build a more inclusive economic environment.
The move has been widely welcomed by various stakeholders, who see it as a positive step towards economic sovereignty. However, it also sets the stage for the government to prove its capability in managing the transition and ensuring that local importers can meet the demand effectively.
Minister Modad’s statement is a clear indication of the new administration’s resolve to support Liberian businesses and ensure that the benefits of economic activities are more evenly distributed among its citizens. The proactive measures taken in the rice importation sector are just the beginning of a broader push towards a more self-sufficient and prosperous Liberia.
