Certainly, like in many African nations, Corporate Social Benefit plays a crucial role in supporting and enhancing rural communities in Grand Bassa, Nimba, and Bong Counties
In Liberia, ArcelorMittal on an annual basis pays $500 thousand to Bong County, 1 million to Grand Bassa County, and 1.5 million to Nimba for social development.
This initiative has for about 15 years now, demonstrated ArcelorMittal’s commitment to social responsibility and contributed positively in various ways.
From the construction of schools, roads, clinics, playgrounds, and the provision of local and international scholarships, this commitment to the people of Liberia has helped to improve community well-being, create positive relationships, and yield long-term advantages for small businesses in the areas they operate in.
For example, the government of Liberia and ArcelorMittal agreed that the company withholds 20% of its social development funds to these three counties to implement the most needed projects in the communities nearest to its operation
This funding in counties like Grand Bassa saw the construction of a modern public school in Kpu Town which replaced a mud makeshift building used for school since the end of the war.
We have also witnessed the dedication of the Gorblee High School fence project which cost more than $90 thousand, and the expansion of the Radio Wee in Compound Three in Grand Bassa County.
By investing in local education, healthcare, and infrastructure, corporations like ArcelorMittal are directly helping underprivileged communities that host their mining and logistics operations uplift the quality of life for residents.
We cannot for their how the company has heavily invested in local and international training of young Liberians thereby contributing to a more educated and healthier business and mining sector workforce, which in turn can help Liberia boost productivity and economic growth.
Furthermore, AML’s corporate social benefits are fostering stronger connections between businesses and the communities they serve. The company has been engaging in philanthropic activities, supporting local events, and participating in community projects to build goodwill and trust.
This kind of positive reputation can increase business interest, boost employee morale, encourage investors, and as well that ultimately benefit the general business employee in the country.
Moreover, ArcelorMittal’s prioritization of sustainability and ethical practices contributes to a healthier environment and a better future for the communities affected by its operations.
The company has managed to control and significantly reduce pollution, helped with the conservation of the East Nimba Nature Reserve (ENNR) which is located near its mine,improvedprove the ovoveruality of life for residents.
ArcelorMittal’s corporate social benefits are without doubt essential for the well-being and growth of local communities especially when it comes to doubting a symbiotic relationship where both the company and the community thrive together, fostering economic, social, and environmental progress.
In conclusion, it is of clear-cut significance that the government of Liberia and its people pay attention and give approval to the request for the concession for the expansion of its activities beyond its current eight years lifespan.
With ArcelorMittal’s expansion plan as detailed in the 3rd Mineral Development Agreement (MDA), Liberian stands to benefit increasingly in terms of social development Funds as well as general taxes and royalties that could be paid to the government to help solve some of Liberia’s challenging social issues.
A new investment in the tone of about 1.2 billion for Liberians should not be let alone especially when such an offer is made by any company that has stood with Liberia in some of her difficult days since the end of the war.
AML’s commitment to Liberia remains undiluted, given n her position as not just a private sector leader but also the largest taxpayer for three years and counting which has been crucial for funding government operations, public infrastructure, social programs, healthcare, education, and other essential services that contribute to the overall well-being of the Liberian society.
