Musa Bility is the second candidate to emerge since Sepp Blatter announced on June 2 four days after being re-elected to a fifth term that he would step down amid the corruption scandal rocking FIFA.
Former Brazil star Zico has already declared his interest in running in the election, which is expected to be held between December and February. Candidates must be nominated by at least five of the 209 FIFA member associations to get on the ballot.
"If Africa does not put up a candidate, it says a lot about us. It shows a sense of mediocrity, and that our only relevance is to vote and make leaders. I think that is not right."
Bility would be the first African candidate for FIFA's top job since Confederation of African Football President Issa Hayatou lost to Blatter in 2002.
Also Read
"We all agree in the world that football is facing a difficult moment, and it is in difficult moments that great leaders emerge," Bility said.
"People know me to be bold, upright, outspoken, and highly opinionated," said Bility, who is president of Liberia's Srimex oil and gas company. "I say it like it is. When it's not right, I don't back down, and that has gained me some respect.