‘This Nonsense Must Stop’

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The Executive Governor of the Central Bank of Liberia (CBL), Dr. J. Mills Jones, has reacted strongly to his detractors, admonishing them to stop the baseless argument against his financial empowerment of ordinary citizens in the country.

Governor Jones made the statement last Saturday at a program marking the official opening of the second Nimba Rural Community Finance Institution in Sanniquelle.

According to him, the action of CBL’s financial inclusion is based on findings and responses to situations that exist in Liberia, especially when it comes to fighting poverty.
“We shall not allow detractors to distract us from our drive to empower ordinary Liberians because they know we are doing the right thing to lift them up. This nonsense must stop,” he declared.

Governor Jones said he can longer sit under the carpet and see ordinary people suffer. “We are in the fifteenth year of this 21st century and there is no doubt that as a nation we are far removed from where we used to be potentially. We cannot play with the detriment of our country and need to put our economy on a new path which is a defining challenge of our time.”

“There is nothing wrong with using Liberian resources to fight poverty in the country, especially where the people are striving to make a living. At the CBL, we are not using the reserves of the country to fight poverty,” he insisted.

Governor Jones told the gathering that the Central Bank of Liberia is audited by a reputable institution and therefore there is no reason for people to call for the auditing of CBL. CBL is audited by the international auditing firm Price Waterhouse.

He noted that the poverty reduction program through micro financing came about during the African Governance Summit of Central Banks in Abuja March, 2014 when Governors of various African banks decided to tackle and support the economies and poverty reduction in the sub-region.

Making reference to former Nigeria Bank Governors and those of Bangladesh, the CBL boss said those two countries are providing credit to small businesses and extending loans to people in rural areas who are able to meet the credit requirements of commercial banks.

The CBL Governor maintained that if a true Liberian middle class is to be created, Liberians must be empowered economically.
He said “Liberians must have the vision and will to bring about economic transformation. We must not do things the same way which has brought us where we are today.”

The CBL Governor responded to his detractors who he said are in the constant habit of misleading the public that the bank is using the country’s resources to empower Liberian citizens and therefore they must stop the negative criticism that would not help them.

This country, he said belongs to everyone and as such everyone should have an equal opportunity.
He used the occasion to call on the people of Nimba to be united in order to bring about meaningful benefits.

The CBL Boss said when united, the people of Nimba and any other county will find value in diversity, saying, “Let’s say no to the destructive politics of tribalism.”

Traditional leaders, marketers and officials of the county showered praises on Governor Jones for his initiative aimed at giving villagers and other grass-root citizens’ access to finance and credit.

Governor Jones and his entourage upon entering Ganta and Sanniquellie were greeted to a rousing welcome by traditional dancers, elders, women’s groups and students.

The people of Nimba appealed to the CBL Boss for more financial intervention in their area through the establishment of financial and other banking institutions.

Governor Jones was accompanied on the trip by members of his staff, Afriland First Bank Managing Director and members of its board of directors, and Liberia Crusaders for Peace.

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