Executive Order No. 151: Liberia’s Rubber Sector – Intention, Reality & Predicted Outcomes

Aug 7, 2025 | Clarence R. Pearson
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Liberia’s entanglement with the rubber industry began formally in 1926, when the government of President Charles D.B. King signed a 99-year lease agreement with Firestone Tire and Rubber Company of the United States. The deal granted Firestone over one million acres of land at a nominal rent of 6 cents per acre per year, effectively placing Liberia’s most fertile land into the hands of a foreign corporation for almost a century.