Vice President Koung disclosed that the government will need about three billion U.S. dollars in investment in the sector to ensure a sustained economic development.
Speaking in an ELBC interview on Monday, April 27, 2027, in Paynesville City, Vice President Koung highlighted the impact of electricity on the Health and Agriculture Sectors, as well as the overall economic stability of the country.
He, at the same time, proposed the commitment of some taxes to fund electricity projects, while emphasizing the potential for partnerships with mining companies.
The Liberian Vice President also highlighted the President’s vision for economic development and the role of the National Legislature in implementing these plans.
At the same time, Vice President Koung says the government’s agreement with the Putu Mining Company is well on course.
He added that the money is expected to be paid this year and will be used for the development of host countries.
The Vice President noted that all agreements signed between Putu and the government remain intact, and there will be adjustments where necessary.