Home Economy In First Quarter Revenue Collection: MOT Generates OVER US$2M

In First Quarter Revenue Collection: MOT Generates OVER US$2M

by newsmanager

By T.R Dixon

MONROVIA: The Minister of Transport, Mr. Sirleaf R. Tyler, says the Ministry has generated over US$ 2 million in its first quarter of its revenue collection.
According to him, the first quarter of 2024 covers Jan 2024 to March 2024, and the ministry is confident that its revenue collection might increase to 34 per cent which might amount to US$2.4M.

Minister Tyler described the increment of revenue generation by his ministry as a good start.

He disclosed that the ministry achieved surplus in its January to March first quarter revenue.

He asserted that there was a quarter-to-quarter analysis of the first quarter of 2023, to the first quarter of 2024, which shows a sharp increase of revenue generation of US$2.4Million

“This amount represents a 34 per cent increase in the first quarter of the fiscal year 2024 under my leadership,” he said.

He, however, disclosed that the ministry generated resources by 134 per cent from insurance stickers, motorcycles, and tricycles, among others.

Minister Tyler expressed optimism to the management team of the Ministry of Transportation in support of the president’s ARREST agenda.

At the same time, the ministry has launched a new designed vehicles license plates for the National Legislature, the Judiciary, the Diplomatic corps, the security sector, and officials of government among others.

Also speaking, the Deputy Director General for Operations at the General Services Agency (GSA) Mr. Robert Wilson lauded the Transport Ministry authority for the launch of the new designed vehicles license plates.

Mr. Wilson assured the GSA’s readiness and commitment to ensure that the new designed vehicles license plates are not misused.

He noted that, regrettably, some Liberians are in the habit of placing one of the plate’s meanly official assigned plate to one of their vehicles and placing the other one to their friends and relative vehicles.

This action, he said, is defrauding government of needed resources.

The Ministry of Transport was created by an Act of the National Legislature on August 25, 1987, to formulate and administer the transport, insurance and maritime regulations and policies of Liberia.

These include the oversight responsibility for execution of policies relating to land, sea and air transport services operating within the country.

It is also mandated to ensure strict adherence to insurance standards and regulations in collaboration with insurance agencies operating in the country.

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