Monrovia — The Chief Executive Officer of BukonJadeh Group of Companies, Elton Johns, has called on the Liberian government to place greater focus on the country’s micro economy as part of efforts to strengthen local businesses and accelerate economic growth.
Speaking on the OK Morning Rush, Johns said small and medium-sized businesses continue to serve as the backbone of Liberia’s economy but are often overlooked when national economic policies are being discussed and implemented.
According to him, many Liberian entrepreneurs operate under difficult conditions, including limited access to loans, high operational costs, unstable market conditions, and inadequate government support.
“Our micro economy needs serious attention because small businesses are the foundation of national growth,” Johns stated during the interview.
He explained that many young Liberians possess creative business ideas and entrepreneurial skills but lack the opportunities and financial assistance needed to grow their businesses into successful enterprises.
“Thousands of young people want to do business, but the challenge is access to funding and support. If the government invests in the micro economy, it will help reduce unemployment and improve the lives of ordinary Liberians,” he added.
Johns stressed that empowering local businesses would not only create jobs but also increase local production and reduce dependence on foreign-owned businesses.
He further urged the government to create policies that support Liberian-owned businesses through low-interest loans, business training programs, tax incentives, and investment opportunities.
“We need practical support for Liberian businesses so they can grow and compete. When local businesses succeed, the country benefits as well,” he noted.
The BukonJadeh Group CEO also emphasized the importance of creating a favorable business environment that encourages innovation and private sector participation.
According to him, improving road connectivity, electricity supply, and access to financial institutions would significantly help small businesses across Liberia.
Johns additionally called for stronger collaboration between government institutions and the private sector to address challenges affecting entrepreneurs and business owners.
He maintained that strengthening the micro economy remains one of the fastest ways to promote sustainable development, reduce poverty, and build a stronger national economy.
The businessman made the remarks during discussions focused on economic empowerment, private sector growth, and opportunities for Liberian entrepreneurs.
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