Liberia woos Nigerian investors with 100% profit repatriation, tax exemptions

Liberian government has urged Nigerian investors and entrepreneurs to explore the vast economic opportunities in the West African nation.

Jeff Blibo, the chairman of Republic of Liberia National Investment Commission, made this call on Friday while outlining the country’s untapped potential across key sectors, including agriculture, mining, housing, real estate, tourism, and transportation at an event in Lagos.

The ambassador emphasised Liberia’s unique advantages for investors, such as its dual currency system—allowing transactions in both the Liberian dollar and US dollar—and government incentives like 100% profit repatriation and tax exemptions.

He noted that the agricultural sector, a cornerstone of Liberia’s economy, offers significant opportunities for smallholder farmers and agribusinesses. Ongoing government efforts to improve infrastructure, land use policies, and market access further enhance the sector’s growth potential.

Highlighting Liberia’s tourism potential, Blibo pointed to its rich cultural heritage, breathtaking landscapes, and diverse wildlife as prime opportunities for development.

He commended the Liberian government’s commitment to fostering an investor-friendly environment and positioning the country as a hub for economic innovation in West Africa.

While international players like Chinese and Indian investors have already recognised Liberia’s potential, the ambassador expressed concern over the limited presence of Nigerian investors in the market.

He urged Nigerian business leaders to seize the moment, emphasizing the mutual benefits of closer economic ties between the two nations.

“Liberia is a land of immense promise,” he said, encouraging visionary Nigerian investors to take bold steps to unlock the country’s potential and contribute to its development goals.

The event themed “Discover Liberia: Exploring Liberia Investment Opportunities 2025” was promoted by the CDIM and Precut to boost investment from Nigeria to Liberia and other African countries.

“We believe African is for Africa true sustainable growth can only be achieved by African understanding and utilising its various inter trade and inter relationship opportunities,” Folami Olawale, the group head/CEO of CDIM and Precut, said.