Senator James Biney urges President Joseph Boakai to take bold action for economic growth, highlighting concerns over a US$374,000 allocation to Karpower in the 2025 budget. Biney criticizes Liberia’s reliance on foreign aid and calls for a focus on sustainable revenue generation. The discussion includes questions of transparency regarding the budget and the need for strong leadership to maximize the country’s natural resources.
Senator James Biney is advocating for President Joseph Boakai to take decisive action for economic growth in Liberia, particularly regarding a controversial allocation of US$374,000 for Karpower in the national budget for 2025. This funding was previously removed from the 2024 budget, leading to concerns about fiscal transparency after it reappeared under the Liberia Electricity Corporation (LEC).
Biney, expressing disappointment in Boakai’s leadership, criticized the country’s reliance on foreign aid without seeking sustainable revenue sources. He argued that an innovative approach is necessary for Liberia’s development, urging the administration to confront economic challenges directly.
He highlighted the underperformance of the forestry sector, wherein international partners control significant revenue, and the stagnation of energy imports despite the country’s resources. Biney believes that Liberia should focus on exporting logs to revitalize its economy and create jobs.
The senator called on Boakai to show robust leadership, especially in the logging sector, which has the potential to be a vital revenue source. He also pointed out neglect at the Port of Harper, which has been undredged for over 20 years, while foreign companies profit largely from Liberian iron ore.
In parallel, Senator Gbleh-bo Brown questioned the Ministry of Finance’s handling of the Karpower funds, demanding transparency and accountability regarding their allocation. Despite assurances from Finance Minister Samuel D. Ngafuan that the funds had not been spent, Brown accused the Ministry of deception.
As discussions around the Karpower allocation progress, dissatisfaction grows regarding the priorities of Boakai’s government. Critics argue that efforts should focus on clearing existing debts, like the CLSG debt owed to Côte d’Ivoire, rather than allocating resources to controversial projects. Analysts suggest a shift toward sustainable energy solutions that align with Liberia’s long-term development goals.
Senator Biney’s call for President Boakai to lead effectively amid budget controversies underscores a broader concern about Liberia’s dependence on foreign aid and the need for sustainable economic growth. With ongoing scrutiny of the Karpower funding, the administration faces pressure to prioritize transparency, accountability, and innovative revenue generation strategies. The resolution of outstanding debts and a commitment to harnessing natural resources could pave the way for Liberia’s economic revival.
Original Source: frontpageafricaonline.com
