LIBERIA CONTINUES TO transition from one regime to another with its burgeoning of political parties on the increase during every election year, but its economy constantly dissipates at the detriment of the impoverished citizenry.
THIS IS A country whose fiscal budget for national growth and development depends on what it generates in revenue; principally focused on taxations imposed on investors and businesses in-country.
IN OTHER WORDS, Liberia’s national fiscal budget is heavily reliant on projections, holding everything constant that investors and businesses would prosper to pay taxes or royalties to government, congruent with what spending entities of government would contribute to the national budget to make the administration functional in meeting the demands of the masses.
IRONICALLY, THE COUNTRY with abundant natural resources remains one of the poverty stricken nations the world over.
FROM TIME TO time, and from regime to regime, nonrenewable resources in the country are fast-depleting while foreign companies continue to make giant gains at the expense of the land owners.
IN NO UNCERTAIN terms, we hold our elected national leaders accountable for what the citizens continue to decry as a result of insignificant dividends accrued from investors and businesses in royalties and taxations for the exploited natural resources in rubber, diamond, gold and iron ores.
REGRETTABLY, MINERAL DEVELOPMENT Agreements that compel investors to do the needful in concession areas and the country at large have often become arguable and violated by business and company owners because personal interest within the circle of policy makers tends to supersede the interest of the masses.
THERE IS VERY simple reason why this negative trend persists-investors and business tycoons use cash violence to draw our government officials and other stakeholders into their pockets to keep the citizens at abject poverty level.
FINALLY, THE SIMPLE question remains: When will our national leaders and stakeholders become selfless and unbending to right the wrong, discouraging investors and businesses not to lure them into bribery for self-enrichment and unjustifiable wealth against the interest of the custodians of power?
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