Productive Agriculture
Productive agriculture is vital to ensuring Liberian food security, poverty reduction and rural economic growth and development. As a key component of its Poverty Reduction Strategy and program for economic revitalization, the Liberian Government encourages direct investment in the agricultural sector and investments to build the economies in the South-Eastern counties of the country.
Sustainable oil palm development will be a central growth pillar in rebuilding the Liberian rural economy and reducing poverty. It will not only provide income and create employment for the rural people; oil palm investment will also bring infrastructure, education and healthcare to the communities and raise the overall standard of living.
Golden Veroleum Liberia intends, in accordance with the concession granted by the Government, to develop, using sustainable methods, oil palm in the South-Eastern Liberian counties of Since, Grand Kru, Maryland, River Cess and River Gee.
In doing so, Golden Veroleum expects to provide more than 40,000 direct jobs, support Liberian smallholders in developing up to 100,000 acres of Oil Palm; build manufacturing and value-added industries; and create a vibrant and substantial new economic sector for Liberians. Employees and their families will receive housing, training, education, medical services, electric power, clean water and other benefits.
The development challenge will be approached with experience in the palm oil industry from Southeast Asia, combining the Liberian peoples familiarity with the crop. gained over the past hundreds of years, with the latest methodologies and technologies.