- Search Results
Konneh Urges Stakeholders To Direct More Investment To Housing Sector
Date Uploaded: Dec 21, 2014

Finance and Development Planning Minister Amara Konneh





Konneh Urges Stakeholders To Direct More Investment To Housing Sector

By Robert Dixon/LINA

MONROVIA December 19 (LINA) Finance and Development Planning Minister Amara Konneh, has stressed the need to direct more investment to the housing sector to afford low-income Liberians the opportunity to own houses.

He noted that housing is a fundamental right for all  citizens, and as such, the need to make it affordable to citizens cannot be over-emphasized.

According to the Liberia News Agency Minister Konneh made the call Thursday at the official issuance of ownership certificates to 16 Brewerville Estate residents held in Monrovia.

Konneh used the occasion to call on stakeholders to continue the idea that gave birth to affordable housing for Liberians through the mortgage system.

Also speaking, the President of the Liberia Bank for Development and Investment (LBDI), John Davies,III said 180 Liberians have already benefited from the US$10 million seed mortgage fund provided by the Central Band of Liberia (CBL).

 “It is this one mortgage product that LBDI has rolled out and enjoyed by Liberians only because it is a requirement that one must be a Liberian before he or she can benefit from this scheme,” Davies noted.

It can be recalled that the public housing program in Liberia was initiated by the government of President William R. Tolbert during the late 1970s. This process was spearheaded by the National Housing Authority and the National Housing and Savings Bank, but the  civil conflict rendered the sector dormant.


latest headlines
Judge Kaba Reserves Ruling In E.J. Roye Building Case
Judge Yussuf D. Kaba of the Civil Law Court has reserved ruling in a motion for Declaratory Judgment filed by some individuals calling themselves ...more
CENTAL Raises Eyebrow About Political Parties Spending
The Center for Transparency and Accountability in Liberia (CENTAL) has expressed concern over the expenditure of political parties on fleets of n ...more
LTA, Partners End Int’l Internet Workshop
The Liberia Telecommunications Authority (LTA) and partners have ended a two-day international workshop on ICANN (the Internet Cooperation for As ...more
Liberia To Host GIABA Plenary, Ministerial Meetings
Liberia will host the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) 27th Technical Commission/Plenary and 17th M ...more
GOL, Sweden Sign US$21.6m Accord On Feeder Roads In 7 Counties
The Governments of Liberia and Sweden have signed a US$21.6 million agreement to support the third phase of the Liberia-Swedish Feeder Roads Proj ...more
Defense Ministry Relaxes Camp Ramrod Eviction
The Ministry of Defense has with immediate effect put on hold its notice of eviction to inhabitants of the 72nd Camp Ramrod Barracks in Paynesvil ...more
All rights reserved © 2013 - 2014
Liberia News Agency