Opposition politician Simeon Freeman has predicted that the state of the Liberian economy will never resurrect under the administration of President Ellen Johnson-Sirleaf.
Appearing on a local radio talk show yesterday, Mr. Freeman, Political leader of the Movement for Progressive Change (MPC) said the Liberian economy is not only doomed but can never resurrect.
Mr. Freeman pointed out that the Liberian economy will not resurrect because President Ellen Johnson Sirleaf has no solution capacity to improve it. “Ellen must come to my class so that she can be capacitated in economics because we are versatile in the economy as some of us own businesses in the country and understand the nation’s economy,” Freeman said.
Recently in her address on the state of the nation’s economy, the Liberian leader admitted that the projected economic growth rate for this year (2014) stands at 5.8 percent, far short of the growth rate projected in the Agenda for Transformation that calls for at least 8 percent and alluded to several reasons for the decline. The Liberian leader likened the continued post-conflict recovery process to driving a bus while at the same time repairing its many deficient and dysfunctional parts.
President Sirleaf at the time attributed the sharp decline in the economy to the 2009 global financial meltdown which has had its toll on Liberia; negotiating teams that have taken more time than previously anticipated in closing negotiations with interested investors and have delayed in operationalizing investments that have already been committed; in instances where negotiations have been concluded and work plans drawn up for implementation, the lack of required infrastructure such as roads, electricity and ports, which sometimes have required separate and difficult decisions, have also slowed the timely implementation of the many committed investments.