Commercial and industrial activities in Sierra Leone are at a low level of development and dominated by foreigners. This dominance does not benefit Sierra Leone as a country and her people.
Rather it has created an environment where the Sierra Leonean has been down graded to a second class or third class citizen. Poverty is prevalent in the country and besides regular office type employment and agricultural production; Sierra Leoneans are left out in the cold all the time.
A CPP government strongly believes that Sierra Leone is for Sierra Leoneans. The prosperity of Sierra Leone and the future fate of this prosperity must be in the hands of Sierra Leoneans. Trade and industrial development are pivotal in the economic development of our nation.
They form the fabric of our prosperity as nation. A CPP government will encourage and promote Sierra Leoneans to invest in trade and industry up to the point where they will dominate the sector. In this direction, a CPP government will re-capitalise the National Development Bank and Co-operative Bank to have enough money to give out as loans and overdrafts to these emerging businesses of our people from all sectors of the economy.
A CPP government will implement the following: put in place legislation that would liberalise the opening of wholesale and retail stores for the sale of consumable items like foodstuff and groceries, clothing and fabrics, spare parts, pharmaceuticals, vehicles, plant, machinery etc.
Closely supervise the registration of businesses. The procedures would be made simpler and decentralised down to the district level and eventually to the chiefdom level. This is because it will be easier for chiefdoms to monitor these small businesses.
Standard procedures for clearing imported goods will be put in place to ensure that importers would be able to clear their goods immediately and cut down on bureaucratic time without sacrificing efficiency.
Foreign investors who may wish to do business in Sierra Leone would be welcome. For those who want to engage into the import/export trade, favourable import/export tax codes will be put in place to ensure the ease of operations. Likewise, those who want to engage in wholesale marketing of goods.
Retail marketing will be restricted to Sierra Leonean business persons. Foreigners will not be encouraged to engage in such trading activities.Those businesses that create employment for Sierra Leoneans would in addition enjoy special tax benefits/rebates as an incentive. Each registered business concern would therefore be required to provide accurate information on its staff (both local and foreign).