Speaker Chambers Wants Legislative Involvement In Crafting Concession Agreement Before It Is Submitted To Legislature – FrontPageAfrica

MONROVIA – Speaker of the Chamber, Dr Bhofal Chambers, says it is important that the first two branches of government jointly engage and participate in the development of all agreements, in particular all concession agreements before they are formally reach the Legislative Assembly for adoption and ratification.

Speaker Chambers said this approach would enhance and strengthen the legislature’s enacting and oversight roles.

He said: “The traditional practice of lawmakers just watching, passing or seeing and ratifying an agreement should be seen as a thing of the past. The tradition of legislative ratification needs a major structural overhaul.

“Tuesdays and Thursdays are plenary session days; Wednesdays are committee meeting days, while Fridays are constituency days. The two most important days of the legislators’ working period are Tuesdays and Thursdays, which are plenary days. Therefore, it would be fair, in accordance with our legislative rules, for legislators to be invited to occasions for their participation on days other than Tuesdays and Thursdays.

In a statement released by the President, he called on Liberians to look more in the direction of boosting the country’s economy so that all government institutions and/or officials work for the interests and needs of the people.

“This country should never again be called a victim of the Dutch disease. For rapid economic growth, we need to review the laws governing many of our economic zones. These areas to be looked at with a critical eye are: “Mining, land, forestry, agriculture, insurance, telecommunications, electricity, other”.

In his statement, the President said that in addition to the many issues that have been laid out above, there are strong arguments for the state or government to take the public-private partnership or type of practice route. joint venture investment.

“It is even more a desideratum or a necessity that this legislature guarantees the legislation or laws that this government or this country, on its own, owns or manages gold fields or mines to stabilize the economy.

“Economically, gold bullion is held and used by government, corporations, or individuals as a method of maintaining or storing value, stabilizing portfolios or balance sheets, or as reserve currency.”

He thinks gold bars have always been and still are a very useful function as a trading tool. Most of the time, he said, gold is used as an inflation hedge or as a cash equivalent to help appropriately balance a portfolio.

In the past, gold was used as common circulation currency in the form of gold coins. Currently, it is used as a reserve currency by most governments in the settlement of international trade and as a stabilizer of monetary values. Some central banks often buy gold to bolster their reserves.

“Liberians at all levels of our social strata believe that this state and people are disproportionately profiting from their resources because of some bad deals left by previous governments. We can make a difference. »

The Speaker of the House also recommends an urgent need for Liberians to collectively generate a proactive vision of a sustainable plan for his people now and for the future… “We can create that plan. Singapore did; Bhutan does; Rwanda does; Botswana does; Costa Rica does; and indeed Liberia can also do it even better.

In comparison to Singapore, he said, before independence Singapore was described or seen as less than a dump or cesspool. This means that at that time, in the 1960s, Singapore was at the lowest point of development paralysis. Many nations of the world once believed that Singapore and its citizens would have remained impoverished forever, if not for a very long time.

“Singapore has a very small land mass of 279.6 square miles. with a population of over 6 million. With these many glaring natural challenges, Singapore has been able to positively transform itself in significant ways and has become the modern standard for growth. After gaining independence in 1965, Singapore developed into a major manufacturing hub. The late conservative economist, Milton Friedman, described Singapore as an example of how to do development right.

Conservatives see Singapore as a success story of the free market. Few capital restrictions and liberal immigration policies have made Singapore one of the world’s most attractive cosmopolitan places on planet Earth. Singapore has an amazing atmosphere for business. Liberia can certainly be the new Singapore.

“To make Liberia a new Singapore, we must all wear a new garment of national unity and national pride. Let’s all start working hand in hand under the cornerstone of Nation-Building.

The female factor

In his additional comments, he said Liberia, like the rest of the democratic world, needs to do more for its female population.

“We will be negligent if we do not give our 7th President, Dr. George M. Weah Sr., the respect and acclaim necessary to close the gender gap. The President’s contribution to ensuring gender equity is unmatched.

Meet County Architecture

Regarding the organization of the county meet, he said, the underfunding of the county national meet is a pressing national issue that the nation has been and still is facing.

According to him, not all departments have the same ability to prepare their teams. They often travel in perilous conditions to get to the games. If this trend continues, fairness in the process or optimization of departmental competition will be a distant reality, even an illusion.

“The state must own and not rely on the goodwill of individuals. It is therefore only fitting that this Legislature should directly allocate One Hundred Thousand United States Dollars ($100,000) to each county to independently manage their funds for full participation. In addition, two hundred and fifty thousand United States dollars ($250,000) could be paid to the Ministry of Youth and Sports for its supervisory role in the running of the competition.

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