Central Bank of Liberia (CBL) Governor J. Mills Jones has called on Liberian entrepreneurs and small enterprises to focus on locally produced merchandise.
Governor Jones said “doing business is not going to the store to buy imported commodities, but instead to work or till the land which will help bring development to Liberia.”
He was speaking on Saturday at the Unification Fair Ground in Buchanan City at the close of a two-day seminar organized by the Federation of Road Transport Union of Liberia (FRTUL), which brought participants from around Liberia in partnership with the Citizens Progressive Saving Club of Bassa.
Dr. Jones said the CBL wants to encourage small business owners to network and think about adding value to local products, so that more can be produced and sold.
He said if this is done, local products can also be sold abroad, as was done by many countries to beat poverty and bring about development.
Governor Jones reminded business owners that “development is not a project, but increased production to create wealth.”
“We must produce, and produce efficiently, as a result then, circumstances will change, and it will be good for all of us, and enable us to do something in the private sector.”