29/05/2026
Liberia has taken another important step toward strengthening local participation in the national economy.
The Governance Commission (GC), in collaboration with the National Bureau of Concessions (NBC), National Investment Commission (NIC), Ministry of Commerce and Industry (MoCI), Liberia Chamber of Commerce (LCC), and the World Bank, validated Liberia’s Draft Local Content Policy and Supplier Development Portal in Monrovia through the Liberia Investment, Finance and Trade Project (LIFT-P).
The validation workshop brought together government officials, lawmakers, private sector actors, development partners, civil society, and members of the business community to review a national framework aimed at expanding opportunities for Liberian-owned businesses and strengthening participation in supply chains, procurement, and value-added industries.
The proposed Local Content Policy seeks to promote local procurement, technology transfer, domestic industry growth, and job creation, while the Supplier Development Portal is designed to connect Liberian MSMEs to concessionaires, investors, and procurement opportunities across sectors.
Speaking at the event, Acting Governance Commission Chairman Alaric K. Tokpa described the initiative as “a defining moment” in Liberia’s efforts to build a stronger, more inclusive, and economically resilient nation.
Participants also emphasized the importance of transforming the framework into enforceable laws, strengthening local business capacity, and ensuring Liberia’s natural resources create meaningful and lasting benefits for Liberians.