Koroma: First fuel price cut achieved during crises

Koroma: First fuel price cut achieved during crises

Alimamy P. Koroma, a senior figure within the All People’s Congress (APC) and former Minister of Trade, observed that Sierra Leone achieved its inaugural reduction in fuel prices during his tenure, despite the prevailing national crises of that period.

Speaking on Epic Radio, Mr. Koroma noted that the commencement of his term was marked by the convergence of three significant challenges: a financial crisis, a food shortage, and a fuel emergency.

He emphasized that notwithstanding the complex economic landscape, strategic government interventions were instrumental in stabilizing critical sectors, most notably fuel pricing.

According to Mr. Koroma, the reduction in fuel costs represented a significant milestone accomplished under his administrative leadership.

Furthermore, he asserted that while the resilience of the government was rigorously tested, focused efforts successfully mitigated the economic pressures on the citizenry.

The results demonstrated that prudent policy decisions can yield tangible improvements in fuel pricing, even during periods of national instability.

Ultimately, Mr. Koroma’s observations provide an account of his crisis management strategies and underscore what he characterizes as a historic achievement in fuel price regulation during his service as Minister of Trade.