Monrovia, July 26, 2025 – In an address marking Liberia’s 178th Independence Anniversary, President Joseph Nyuma Boakai, Sr. acknowledged the mounting economic hardships faced by Liberians across the country and pledged decisive steps to bring relief and restore fairness in the market system.
Speaking at the Centennial Memorial Pavilion in Monrovia, President Boakai struck a tone of realism saying, “While our economy is making steady progress, our domestic revenue remains limited, and many families continue to feel the weight of high prices.”
He noted that despite positive developments including improved roads, increased local food production, and falling import costs ordinary Liberians are still grappling with the high cost of living.
“Transportation costs are too high. The prices of flour, sugar, and other essential goods continue to be a burden. Building materials are still expensive, making it hard for ordinary Liberians to construct homes and businesses,” the President stated.
Highlighting the disconnect between falling import costs and persistent high market prices, President Boakai announced the formation of a High-Level Presidential Ad Hoc Committee to investigate these price disparities and propose practical solutions. The Committee will be chaired by Vice President Jeremiah Koung and is expected to submit a full report within 45 days.
“This contradiction… requires urgent attention,” he emphasized. “We must place our politics and personal interests secondary to the public good and realize the Liberia our people have envisioned since its founding.”
President Boakai reaffirmed his commitment to working with all Liberians, regardless of political affiliation, to address the nation’s economic challenges and advance the national interest.
As Liberia continues its journey through recovery and reform, the President’s acknowledgment of economic pain coupled with a commitment to action resonated strongly with citizens hoping for change.
“Small, small, we are marching toward a happy land by God’s command. But let me be clear: there is still much more to do,” President Boakai concluded.
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