{"id":43108,"date":"2023-09-05T17:22:02","date_gmt":"2023-09-05T17:22:02","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-pres-weah-seeks-tax-waiver-for-industrial-poultry-complex"},"modified":"2023-09-05T17:56:36","modified_gmt":"2023-09-05T17:56:36","slug":"liberia-pres-weah-seeks-tax-waiver-for-industrial-poultry-complex","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-pres-weah-seeks-tax-waiver-for-industrial-poultry-complex","title":{"rendered":"Liberia: Pres. Weah Seeks Tax Waiver for Industrial Poultry Complex"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>President George Weah has made a request to the House of Representatives to grant a tax waiver to the Liberian American Poultry Farm to facilitate the construction of a US$15 million farm, which is expected to boost egg production in the country by over 100 million eggs annually.<\/p>\n

The President noted that the request is part of his commitment to fostering investment and economic growth in the country\u2019s agriculture sector.<\/p>\n

If approved, the exemption would enable the company to construct a state-of-the-art farm, which would significantly reduce the country\u2019s egg imports, heralding a new era of self-sufficiency in the nation’s food chain.<\/p>\n

\u201cI am pleased to submit to the Legislature for ratification an investment incentive agreement for the construction of a poultry farm that is designed to produce about one hundred eighty-six million one hundred fifty thousand eggs annually,\u201d Weah wrote in a communication.<\/p>\n

The poultry complex, which is owned by United Commodities Incorporated, a company heavily involved in the importation of rice in the country, already has over 170,000 chickens it farms in Bomi, supplying the country daily with thousands of eggs. However, the volume is not enough to reduce Liberia\u2019s heavy reliance on egg imports.<\/p>\n

The country\u2019s import data for eggs, which is an important source of protein<\/b> for millions of Liberians, stood at US$13.4 million in 2021, effectively making Liberia the 55th largest importer of eggs in the world, data from the Observatory of Economic Complexity shows.<\/p>\n

Also, eggs in that same year were the country\u2019s 39th most imported product in Liberia with imports primarily from: Spain ($4.72M), Poland ($4.04M), Ukraine ($1.92M), Turkey ($963k), and Portugal ($557k).<\/p>\n

The President\u2019s request, if approved, would grant the Liberian American Poultry Farm about 10 years\u2019 tax waiver and the creation of 250 direct jobs and 500 indirect jobs.<\/p>\n

Under the Agreement, Weah noted that the company would also grow maize on 200 acres of land to produce 30,000 tons of chicken feed annually, while at the same time, \u201cworking with smallholders by providing seed inputs and technical support for the growth of maize.\u201d<\/p>\n

\u201cAdditionally, the project shall create about 250 direct jobs and over 500 indirect jobs for our people,\u201d the President added. \u201cMost importantly, the success of this project will offset the deficiency of the random shortage of eggs, making provision to produce fresh eggs on our market, as well as exporting fresh eggs to neighboring countries.\u201d<\/p>\n

Meanwhile, the House has mandated its Joint Committee on Investment & Concessions, Agriculture and Forestry, as well as Judiciary committees, to review the tax waivers\u2019 report before the closure of the House\u2019s Special Sitting.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. President George Weah has made a request to the House of Representatives to grant a tax waiver to the Liberian American Poultry Farm to facilitate the construction of a US$15 million farm, which is expected to boost egg production in the country by over 100 million eggs annually. The President noted that […]<\/p>\n","protected":false},"author":84,"featured_media":43106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-43108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nLiberia: Pres. 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