Vice President Joseph Nyumah Boakai over the weekend dedicated a US$5 million cooking gas plant which is expected to be a competitive alternative to the use of charcoal and other cooking fuels.
The cooking gas plant is a new venture of Nexium Petroleum (NP) Liberia Limited an already well-established petroleum distributor in the country. NP is originally a Sierra Leonean company with holdings in Liberia.
The ceremony was held at the old Liberia Petroleum Refining Company compound in Gardnersville outside Monrovia.
Vice President Boakai applauded NP-Liberia Limited for the numerous works it is carrying on in the country that create employment for Liberians.
He said the magnitude of the NP investment is not only going to bring economic empowerment, but will bring environmental change.
VP Boakai reaffirmed the government’s commitment to protect foreign investment.
“Our government is committed to investment therefore, we will ensure that all investments are protected,” VP Boakai said.
He stated that the protection of foreign investments is crucial to the socio-economic development of Liberia.
VP Boakai stressed that it is critical for Sierra Leonean companies to invest in Liberia to further strengthen integration and collaboration between the two countries.
He indicated that the Liberian government remains committed to protecting investments as long as the law of Liberia is respected by investors.
“When people invest and place more confidence in you, it is better you work very hard to please your employer,” he urged Liberian employees.
NP Managing Director for Liberia, Mohammed S. Kanu, disclosed that the dedication of the US$5 million cooking gas plant is a clear manifestation that his company is here to stay and serve the Liberian people.
He said NP is from a small country – Sierra Leone – and as a neighbor, the company would continue to work in the interest of Liberians.
“This journey started in 2013 when NP Sierra Leone decided to invest in its neighbor – Liberia. NP Sierra Leone has been a true partner to the growth of the two countries,” he said.
Mr. Mike Carrol, Board Chairman NP-Sierra Leone Limited, thanked President Ellen Johnson Sirleaf and said the relationship between Liberia and Sierra Leone has grown stronger.
Mr. Carrol used the occasion to thank Liberians for the level of partnership developed between the two countries.