President Ellen Johnson Sirleaf
Executive Order Grants Selected Entities Duty Free On Fuel
MONROVIA, August 3(LINA) - President Ellen Johnson Sirleaf has issued Executive Order No. 71, exempting the Liberia Electricity Corporation (LEC), the National Transit Authority (NTA) and the Liberia Broadcasting System (LBS) from the payment of customs duty on fuel acquired to carry out their mandates.
According to an Executive Mansion release, Executive Order No. 71, which takes effect immediately, is in the interest of national reconstruction and development.
“The need for customs duty exemption on fuel to generate electricity, provide public transportation, and widely broadcast information is imperative at this time of rising costs and rapid development,” the release quotes the Executive Order as saying.
Executive Order No. 71 states that in the absence of hydro or alternative power, fuel is the key ingredient in the generation of electricity in Liberia by the LEC.
It also notes that the generation of electricity at a reasonable cost is essential to maintain an affordable balance in the cost of living.
Government seeks also to minimize the cost of transportation provided by the NTA in serving the general public; while the need exists to ensure the dissemination of information to the general public through the state-owned LBS, the Executive Order concluded.