Monrovia, Liberia – The Liberian government launched an ambitious plan to unleash nearly US$3 billion in revenue from the mining and energy industry with the publication of the Ministry of Mines and Energy’s (MME) Five-Year Strategic Plan for 2025–2029. The strategy is to modernize the sector and make it a major driver of the nation’s economic expansion.
The high-level ceremony that presented the strategy was attended by key participants in Liberia’s extractive industries, legislators, development partners, and senior government authorities. The plan, which was developed as a reform roadmap, seeks to strengthen governance, boost domestic revenue generation, increase transparency, and ensure that Liberian citizens truly profit from the nation’s natural resources.
Mines and Energy Minister R. Matenokay Tingban stressed during the occasion that disciplined execution will be more important to the plan’s success than policy design. Minister Tingban stated that while planning is crucial, the hardest obstacle we will ever face is the difficulty of carrying it out meticulously.
Additionally, he stated that the industry might provide significantly more than US$3 billion to the national budget with focused expenditures. In order to attract accountable investors and optimize long-term returns, the Minister of Mines and Energy emphasized that Liberia must move away from an excessive reliance on royalties and instead pursue equity participation in extractive ventures while building national capacity in exploration, research, and geological data development.
Reported by: Prince Saah
