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Prez Sirleaf orders LAC Agreement renegotiated

President Ellen Johnson-Sirleaf
President Ellen Johnson-Sirleaf

( 4, 2014)-President Ellen Johnson-Sirleaf has instructed the relevant Ministries and Agencies to review the Liberia Agriculture Company Concession Agreement.

President Johnson-Sirleaf said: “The Grand Bassa County Legislative Caucus recently reminding me to intervene in the matter.”

Speaking at the retreat held over the weekend in Bomi County, she said: “The renegotiation of the LAC Concession Agreement was long overdue.”

“The Grand Bassa County Legislative Caucus wants the concession agreement re-negotiated, using the Firestone-Liberia model to ensure changes that would compel the company do more for the people,” the
Liberian Leader also said.

When contacted, National Investment Commission Acting Chairman, George Wisner, noted: “The renegotiation process was already underway.”

The president’s order follows a recent fatal industrial accident at the rubber plantation company.

The water boiler explosion left at least six persons dead and nine other workers of the company severely injured.

The injured workers are currently undergoing medical attention at the Seventh Day Adventist-run Cooper Hospital in Sinkor, a Monrovia neighborhood.

Over the past few years, Grand Bassa County Representative, Byron Brown, continuously advocated for the renegotiation of the LAC Concession Agreement.

Representative Brown had insisted on the agreement’s renegotiation on grounds that it did not meet present-day realities.

The LAC Concession Agreement was signed 50 years ago in 1965, during the administration of Liberia’s 18th President, William V. S. Tubman.

The rubber plantation company’s establishment in Liberia clearly manifests one of the economic benefits of the “Open Door Policy,” introduced then by President Tubman.

The Tubman’s Open Door Policy was aimed at attracting foreign investments to Liberia to strengthen the nation’s economy for speedy national development.


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