By Desmond Gbeleh Wion
Senior Reporter
Capitol Bypass, Monrovia – The President of the Patriotic Entrepreneurs of Liberia (PATEL), Dominic Nimely, has voiced deep concerns over the continued marginalization of Liberian-owned businesses. He called on the government to implement decisive policy reforms to protect local entrepreneurs and ensure their full participation in the national economy.
Speaking at a press conference in Monrovia, Nimely, in a frustrated tone, lamented the lack of dignity and inclusion for Liberian businesses, emphasizing the difficulties they face in competing with foreign-owned enterprises. He criticized the government’s failure to enforce trade regulations that prioritize local ownership, allowing foreign businesses to dominate sectors meant for Liberians.
“Our businesses are being overshadowed in our own country. Despite repeated calls for economic empowerment, Liberian entrepreneurs continue to struggle while foreign traders control the market,” he asserted.
He further pointed out that the lack of governmental support has persisted across successive administrations, from former President Ellen Johnson Sirleaf to ex-President George Weah, and remains unresolved under the current leadership.
Nimely, known for his strong advocacy for local businesses, urged authorities to implement and enforce existing laws designed to protect Liberian businesses, particularly in the retail trade sector.
“We have been advocating for change for years, yet nothing has improved. Successive governments have failed to safeguard the interests of Liberian entrepreneurs,” he stated.
He called on the government to take immediate steps to enforce trade laws, create fair economic opportunities for Liberians, and provide financial support to help local businesses compete effectively. He also reaffirmed his unwavering commitment to advocating for the rights and interests of Liberian business owners.
For years, Liberian business owners have struggled against unfair competition, pointing to limited access to financing, weak regulatory enforcement, and loopholes that allow foreign dominance in key industries such as car dealerships, petroleum, cement, steel, rubber, and coffee. With renewed calls for intervention, the responsibility now lies with the government to ensure fair business practices and economic empowerment for its citizens.
Nimely also acknowledged the strategic steps taken by the National Port Authority (NPA) under the directive of Managing Director Sekou Dukuly in renegotiating the Marine Services Agreement and the Global Tracking and Maritime Solutions (GTMS) contract. He believes these renegotiations are in the best interest of Liberian-owned businesses.
The renegotiations, conducted with technical support from the Ministry of Finance, the Liberia Revenue Authority (LRA), and the Ministry of Justice, are expected to drive significant reforms in Liberia’s business community. These changes aim to boost government revenue, reduce costs for port users, and gradually transfer service control to Liberians.
Under the revised GTMS contract, the government’s revenue share has increased from a mere 3% to 40% for the first five years, rising to 45% thereafter. Additionally, GTMS will now be required to pay all applicable taxes, including an estimated 20% corporate tax, ensuring compliance with financial regulations and enhancing state revenue.
The renegotiations have also provided relief for port users, with the GTMS service fees for importing a 45-foot container reduced from $236.25 to $213.75, while the cost for a 20-foot container has dropped from $130.00 to $95.00. These reductions aim to ease the financial burden on businesses and enhance trade competitiveness within the Liberian economy.
GTMS, responsible for real-time cargo tracking and security verification services, plays a crucial role in enforcing international trade regulations and mitigating risks related to smuggling and fraud. The revised contract includes measures to ensure a more secure and accountable port management system, fostering a fair business environment where Liberian-owned businesses can thrive.
Additionally, the amended Marine Services Agreement now includes an indigenization clause, mandating the training and integration of Liberians into key operations. This initiative is expected to equip Liberian entrepreneurs with essential skills for building a sustainable business environment. The goal is to achieve full Liberian control over these services within five years. Under the revised agreement, the government’s royalty has also increased from 15% to 20%, further boosting state revenue.
Nimely emphasized that these renegotiations represent a critical step in the government’s commitment to reforming the maritime sector and strengthening Liberia’s economic sovereignty. He called for an equal, fair, and transparent business environment where all Liberian-owned businesses can thrive and contribute to national economic growth.
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