Josiah F. Joekai, Jr.
The Grassroots Alternative Movement (GAM) has officially joined the coalition of Liberian organizations and interest groups to demand the 54
th Legislature to restore the 5% equity right granted to Liberians by the Petroleum Law enacted by the 53
rd Legislature in 2016. Section 31.6 and Sub-section 36.7 of the 2016 Petroleum Law exclusively set aside 5% equity for Liberians for every oil contract signed. Unfortunately, the 54
th Legislature in 2019, amended this provision of the Law to grant the very 5% equity right to Liberian Businesses as reflected in Section 36 A, B and C of the new Petroleum Law of Liberia.
The Grassroots Alternative Movement says it takes serious exception to this overnight amendment of Section 31.6 and Sub-section 36.7 of the 2016 Petroleum Law. The amended version, 36 A, B and C of the new Petroleum Law of Liberia completely deprives Liberians of the just benefits from their own oil resource. Absolutely, there were no credible publi