MONROVIA – Revenues generated from Liberia’s extractive industries in the first half of last year dropped by more than US$5 million due to the coronavirus pandemic, according to in the latest report by Liberia Extractive Industries Transparency Initiative (LEITI). LEITI’s Multi-Stakeholder Steering Group (MSG) release the entity’s 12th EITI report a few months ago following years delayed in releasing the report. “Covid-19 has slowed down activities in the extractive sector and that is affecting revenue generation in the sector,” told in a forum in Monrovia recently, “but the Liberia Revenue Authority is doing well in other areas. The government received more extractive revenues within the 2018/19 fiscal year than last time around, according to LEITI report. This initiative is in support of the government’s effort to promote transparency and accountability over the management of revenues from Liberia’s extractive resources, ensuring that all citizens benefit from such resources.

Source: Front Page Africa September 10, 2021 04:53 UTC