Hence, the historic signing ceremony between the Government and TIDFORE, a Chinese Company, for the establishment of a steel plant is a step towards Liberia’s overall development goal.
The minerals of this country for centuries have been a curse rather than blessing. The effects of our resources have not been felt in the nation as the country lies at the bottom the Human Development Index report.
One major problem that keeps Liberians pondering is the fact that even though the country is endowed with natural resources like iron ore, diamond, gold, rubber, etc, the economy of the country is still largely controlled by foreign merchants, leaving the vast majority of the citizens impoverished.
The major factor responsible for this menace is the mass domination of foreign companies who export the minerals in their raw form to be processed abroad because of the lack of processing facilities. The finished products after importing back in the country become expensive.
Now that the agreement for the establishment of such facility has been endorsed, all hands must be on deck to make it a reality for the betterment of the nation.
This medium believes that the US$200 Million dollar project being the first in the sub region will go a long way in solving the economic problems the country is facing.
Majority of the youth in Liberia are unemployed. This has led many to take to crimes and other related activities as their source of livelihood.
This agreement will not only see the employment of unskilled laborers, but will also create jobs for the general populace of the country.
The establishment of this industry will benefit the learning institutions of this country. Universities should introduce engineering courses that will see their products attractive to the industries. The government should ensure that majority of the youths are employed as that will empower the skills of Liberians.
The arrival of TIDFORE of Hong Kong will serve as an echo to other interested investors. The doors of government should remain opened to encourage other partners with keen interest as this will help in creating a healthy competition.
The government should go back to the drawing board to review lessons learnt from the failures of the other companies. This will enable the government to properly monitor this project so that it will serve the intended purpose.