Abe Pledges US$83.4m to Sahel Region

Abe Pledges US$83.4m to Sahel Region

(ABIDJAN, COTE D’IVOIRE – Saturday, January 11,...

Africa Cabinet Government Network Elects Liberia

Africa Cabinet Government Network Elects Liberia

(MONROVIA, LIBERIA – February 10, 2014) At...

Armed Forces Day Keynote Address

Armed Forces Day Keynote Address

Distinguished Ladies and Gentlemen: This day was set...

Savannah State University Seeks Partnership UL

Savannah State University Seeks Partnership UL

(MONROVIA, LIBERIA – Tuesday, March 4, 2014)...

Cabinet Reviews Economic Outlook, Endorses 'Dangote Proposal'

19 January 2016, 11:32 am Written by 
Read 940 times

(MONROVIA, LIBERIA – Friday, January 15, 2016) The Cabinet has scrupulously reviewed the economic outlook of the country and endorsed a number of measures to ensure microeconomic stability. It also unanimously endorsed the Small Business Empowerment performance report as well as Dangote Power Supply proposal.

According to an Executive Mansion release, Cabinet reviewed and took the decisions during its sitting on Friday, January 15, 2016.

The Small Business Empowerment Report underscored impressive progress being made in light of full compliance with the 25 percent allotment to Liberian-owned businesses.

Meanwhile, the proposed 30KW Dangote power supply plant is intended to complement the building of a cement factory. The cement factory will utilize 15KW while the remaining 15KW would be used for both industrial and private purposes at affordable per kilowatts hour.

In a related development, the Executive Director of the PPCC, Mr. Dorbor Jallah has commended Liberian-owned businesses for increasingly acting in compliance with the Commission’s regulations by meeting stipulations accordingly.

Rate this item
(0 votes)