Sierra Leone is endowed with abundant natural resources and a small population that is easy to manage. The country has the only natural harbour in Africa, a fact known since the days of European voyages to India and the Americas which caused every voyager to pass through Freetown Port and thus, she became a major trade and stevedoring point even before the Transatlantic slave trade.
From a conservative estimate following the geological underlying rocks which run North-South, every district has a potential for a mineral and agro development resource.
If the Foreign and even local investment deals, in Sierra Leone were scrutinized and managed properly, the country's revenue from mining investments could be significantly higher. Effective scrutiny and management include ensuring fair contracts, preventing corruption, enhancing transparency, and maximizing local benefits.
If Sierra Leone adopted similar stringent measures and effective management strategies, the potential worth of its mining deals could be significantly enhanced. Assuming an increase in efficiency and revenue management like these countries, the revenue could potentially double or triple. For instance, if we consider a potential doubling of the $9 billion estimate:
• Enhanced Revenue Estimate: $18 billion
Per Capita Distribution
• Population: 8 million
• Enhanced Per Capita Revenue: $18 billion / 8 million = $2,250
This means that with improved scrutiny and management, each Sierra Leonean could potentially benefit by an estimated $2,250 from the mining revenues, significantly improving the economic welfare of the population.
JOLIN ME TONIGHT AS I START THE ENLIGHTENMENT JOURNEY. THE PEOPLE MUST KNOW THEIR VALUE TO MAKE RATIONAL DECISIONS AND CHOICES!
20:15 SaLone time/ 21:15 UK /22:15 CET/16:15 EST.USA