Sierra Leone’s Chief Minister, Dr. David Moinina Sengeh, has disclosed to AYV that the country suffered a significant financial setback, losing NLe77.6 million (equivalent to $3.5 million) during the period of June 19 to June 21, 2024. These dates were marked by rumors of planned faceless protests that ultimately failed to materialize.

Dr. Sengeh, speaking to AYV, emphasized that the daily revenue typically collected by the National Revenue Authority (NRA) averages NLe72 million. However, due to political instability on these critical dates, the government’s revenue intake fell drastically: NLe46.94 million on June 19, NLe49.39 million on June 20, and NLe53.11 million on June 21.

The Chief Minister attributed this economic instability directly to political unrest fueled by what he described as divisive politics. He expressed deep concern over the consequences, highlighting that the lost funds could have been allocated towards public sector salaries, funding the free education initiative, and strengthening healthcare services.

Dr. Sengeh acknowledged the government’s efforts in reducing inflation from 38% in April to 35.85% in May, with further reductions anticipated by the end of June 2024, attributing this progress to robust economic policies.

Expressing dismay over attempts to undermine national progress, Dr. Sengeh underscored ongoing efforts with the APC through the tripartite committee to restore political stability crucial for economic growth.

In conclusion, he urged the public to disregard calls for future economic strikes, emphasizing the detrimental impact on national revenue and stability. He called for unity and resilience against efforts to destabilize the country’s economic and political landscape.