Liberia: Extractive Revenue Drops from US$135M in 2014 to US$100M in 2015 LEITI's 8th Report Revealed

Aug 31, 2016 | Global News Network
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The Liberia Extractive Industries Transparency Initiative (LEITI) his disclosed that direct government revenue from the extractive industries dropped from US$135.3m in the Fiscal Year 2013/2014 to US$100.7m in Fiscal Year 2014/2015. Speaking at the launch of the 8^th EITI Report for Liberia, commissioned by the Multi-stakeholders Steering Group (MSG) of the Liberia Extractive Industries Transparency Initiative, the Deputy Minister for Planning, Ministry  of Lands, Mines and Energy, Mr. Stephen Dorbor indicated that “the 8^th EITI Report for Liberia, prepared by Moore Stephens LLC (UK) in collaboration with Parker and Associates Inc, contains reconciled accounts of payments made to, and revenues received by the Government of Liberia from the oil, mining, forestry and agricultural companies during the Fiscal Year July 1, 2014 up to and including June 30, 2015.