MONROVIA, LIBERIA-Mines and Energy Minister, Wilmot Paye, has termed the sectors as the drivers for economic growth and development, noting that no country grows its economy without effectively managing its mineral potential and the Energy Sector.
But, according to Minister Paye, the Mineral Sector relies hugely on energy efficiency to ensure the reduction in the cost of production, stressing that without a sustained Energy Sector, investors will not be attracted to the country.
In an interview on Tuesday, September 16, 2025, Minister Paye noted that the Liberian government is prioritizing the Energy Sector to increase the domestic power generation under the ARREST Agenda for Inclusive Development (AAID).
As part of its efforts to ensure a regular and constant supply of electricity, the government is now calling for the privatization of the Energy Sector, a move that will encourage private operators, producers, and independent power generators to break the monopoly of the Liberia Electricity Corporation (LEC).
According to Minister Paye, LEC has been reviewing proposals for independent power producers, and it has determined four proposals for consideration.
The Mines and Energy Minister disclosed the government’s vision to ensure that 75 percent of Liberia’s population has access to sustainable and affordable electricity by 2029.
At the same time, Minister Paye has termed the Mining Sector as one of the biggest contributors of revenue generation, noting that conversation is continuing with the US-partners to update the studies done more than 50 years ago on the Liberia mineral potentials.
Minister Paye noted that if Liberia is considered for the MCC Compact, concerted investment will be made in the Energy and Mining Sectors to create jobs and serve as a source of revenue generation.
Minister Paye pointed out that serious support to education, health, infrastructure, and roads as critical areas, such revenues can be directed.
He maintained that under the AAID, the government is committed to a comprehensive mapping of the country’s mineral potentials, noting that such information can be used to attract investments.
According to him, Liberia has the potential in critical minerals to attract investors for development purposes.
At the same time, the Mines and Energy Minister said,” The government is actively reviewing concessions across the country to meet the demands and benefits of the people of Liberia”.
Minister Paye said,” The government is committed to ensuring investors’ success, the communities’ benefit, and the government generates revenues to re-invest in other sectors like education, health, and roads to boost national development across the country.
According to Minister Paye, Liberia is in the right place to attract investments-noting that the country is peaceful, citizens are hospitable, and xenophobia is not a factor in Liberia.
He called on American investors to choose Liberia as the destination for investment, given the strong bond of friendship existing between the two countries, coupled with the love Liberians have for the US.
He also called on Liberia’s diaspora community to come back home and invest in their country to help Liberia in its development drive.