President Ellen Johnson Sirleaf has written Speaker Alex Tyler and members of the House of Representatives on the dissolution of six state-owned enterprises she
say are no more viable and significant to the country.
They include National Insurance Company of Liberia Libyan-Liberian Holding Company of Liberia, National Food Assistance Program, Liberia Free Zone Authority (LFZA), Liberia Produce Marketing Corporation and the Bureau of State Enterprises.
President Sirleaf in her letter to the body said the agencies over the years received budgetary allotment but did not contribute revenue to government.
She informed lawmakers that the government commissioned a review of all state-owned enterprises and autonomous agencies with the aim of determining their viability.
According to her, the study that led to the request of the dissolution of the six agencies, found that a number autonomous agencies maintained skeleton staffs but performed no services at all.
President Sirleaf said it was not in the interest of Liberia to continue supporting non-functional enterprises with precious public resources, indicating that the public would be best served by the proper allocation of resources, including human and financial resources, to places where they are most needed.
“Now therefore, in consideration of the Government’s need to maintain smaller side government, create the conducive atmosphere for increased private investment throughout the country, and based on the assessment report of 2009, it is thereby enacted that the following SOEs (state-owned enterprises) and autonomous agencies are thereby dissolved,” President Sirleaf told the lawmakers in her communication.
Members of the House of Representatives forwarded the communication together with the 2015/2016 National Budget to its Committee on Ways, Means and Finance for scrutiny.
However, Representative George Wessel Blamo failed in a motion of reconsideration on grounds that the Committee on Public Accounts was excluded for the process leading the scrutiny of the 2015/2016 national budget and the dissolution of the six agencies.