Liberia National Bureau Of Concessions

Liberia’s natural resources have been explored and exploited through concession agreements since the mid-1920s, and the revenue generated from the export of unprocessed resources has served as a key stimulus for national growth and development. Despite the fact that revenue generated from extractives contributed in excess of 60% to the annual GDP in previous years, the inefficient and poor management of these resources did little to support the development of adequate national infrastructure including housing, roads, ports and rail systems. More importantly, as a result of inadequate oversight and monitoring, the various Concessions failed to bring about the desired level of social and economic development such as improved housing for workers and improved infrastructure within the affected communities.