By Lewis S. Teh
MONROVIA, May 8, 2026 — Assistant Minister for Revenue and Tax Policy at the Ministry of Finance and Development Planning (MFDP), Andrew N. Ngolloe, has renewed calls for stronger domestic resource mobilization, describing it as key to sustaining growth, strengthening fiscal resilience, and reducing Liberia’s dependence on external aid.
Ngolloe spoke Thursday at a Joint Consultations Dialogue held in Monrovia under the Knowledge Sharing Program, co-hosted by Korea Eximbank and the African Development Bank (AfDB) in collaboration with the MFDP.
He said improved domestic revenue generation is central to Liberia’s long-term development and fiscal sustainability agenda.
Ambitious revenue target
“Domestic resource mobilization is not merely a fiscal issue; it is about building national resilience and ensuring Liberia finances its own development priorities,” Ngolloe told participants.
He disclosed that government is pursuing an aggressive agenda to expand the national budget by about US$3 billion between 2025 and 2029.
Outlining the pathway, he said the revenue push will include modernizing tax systems through stronger administration and digitizing revenue collection processes.
He further emphasized boosting compliance by improving taxpayer adherence and strengthening collaboration between the public and private sectors. According to him, stronger domestic revenue would widen the government’s investment space in infrastructure, health, education, agriculture, energy, and youth empowerment.
The high-level dialogue, hosted at the Ministry of Finance and Development Planning, centered on strengthening Liberia’s domestic resource mobilization strategy through evidence-based policy reforms and deeper institutional collaboration.
Ngolloe maintained that long-term development hinges on sustained internal revenue generation backed by comprehensive fiscal reforms. He said the consultations form part of ongoing work with the Liberia Revenue Authority (LRA), Korea Eximbank, and other partners to reinforce public financial management, improve governance, and build a more self-sustaining economy.
The event brought together stakeholders from the LRA, the Ministry of Mines and Energy, Korea Eximbank, AfDB, and other financial and development institutions.
Participants commended the MFDP and partners for convening the dialogue and reaffirmed support for strategic domestic resource mobilization to accelerate national development and improve fiscal performance.
