MONROVIA, LIBERIA-The Commissioner General of the Liberia Revenue Authority, Dorbor Jallah, has emphasized that the expansion of government-owned storage is expected to significantly impact the national treasury.

Commissioner Jallah said:” This impact can only be possible through predictability, visibility, and fairness, noting that stable fuel supply will ensure a consistent revenue stream for government budgeting and public services such as roads and schools”.

Commissioner Jallah noted that visibility, modern metering, and controls will allow the Liberia Revenue Authority to verify volumes accurately and reduce leakages.

The LRA boss also iterated that a fair, transparent system creates a level playing field by ensuring all importers operate within regulated storage and release protocols.

He revealed that the agency intends to align customs and domestic tax processes with the facility’s operations and deploy officers and systems to ensure every metric ton stored is properly accounted for through data sharing.

The LRA boss spoke at the program marking the dedication of the LPRC Petroleum Laboratory and the groundbreaking of the 50 Metric Tons Storage Farm.

At the same time, the Chairman of the LPRC Board, Aaron Wheagar, announced that the groundbreaking and dedication marked a significant milestone in the transformation of the LPRC.

Wheagar said the initiatives are aimed at addressing the current deficit in national petroleum storage and supporting national inventory management.

Making remarks also, Chairman Wheagar emphasized that the development reinforces Liberia’s reputation for sustainable infrastructure development.

He commended President Boakai for reforms in Liberia’s Energy Sector, assuring of the LPRC commitment to maintaining transparency, accountability, safety, and environmental stewardship throughout the implementation process.

For his part, the President of the Petroleum Importers Association of Liberia, Esther Neuville, has underscored the need to strengthen industry standards regarding safety and transparency.

Madam Neuville said:” The goal is to create an environment where investments are protected, and businesses can grow confidently”.

The Petroleum Importers Association President expressed gratitude to the LPRC board, management, and association members for their contributions.

Madam Neuville spoke at the program marking the dedication of the LPRC Petroleum laboratory and the groundbreaking for the construction of a new 50 thousand Metric Tons storage tank farm.