FGS aim to generate revenue of $1.2 billion from Mogadishu and surrounding area by 2026

[Fisherman 75]

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Finance minister also recorded a 25% increase in revenue collections. All of this revenue collected from Banaadir alone.

 

[Gemstone]

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Finance minister also recorded a 25% increase in revenue collections. All of this revenue collected from Banaadir alone.

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The money must be felt in the pockets of the people of Banaadir. I know right now the whole nation is depending on the sacrifices of Banaadir. But the Gobol should get something in return. Big portion of the revenue must be spent on improving the lifes of the tax payers. In the end results is the most effective way to uplift the image of the FGS.

1. 25% Infrastructure
   • 15% of the revenue needs to be invested to build a new port, maybe collaborate with local businesses. Somewhere rural with a lot of space.
   • 10% to improve transportation into inland markets. Major roads that connect the cities inthe interior.
2. 15% logistics
   • We need to establish marketing campaigns to attract new shipping lines, freight forwarders, and logistics companies to utilize the port. More customers more revenue.
   • Portion must go into incentives, offer businesses discounts to use the port with fixed-term contract of maybe two years.
   • Conferences must be held to attract investors and professionals.
3. 15% IZD
   • Must develop Idustrial zone where the new port will be built. And it is the main reason the city needs a new port.
   • Layout infrastructure and utilities to support industrial activities, including roads, power supply, water, and waste management systems.
   • Offer tax incentives, land leases, and other favorable terms to encourage investment and job creation within the industrial zone.
4. 10% Education
   • Start training programs and vocational schools to develop a skilled workforce for maritime and logistics industries.
   • Provide scholarships and internships to local students pursuing careers in maritime-related fields.
   • Collaborate with educational institutions and industry partners to align curriculum with industry needs and promote career pathways in the port city.
5. 35% must go into City planning
   • 10% to Develop affordable housing projects to address housing shortages and provide access to decent and affordable housing for low-income residents.
   • 5% Implement housing subsidy programs in low income areas (IDP and other disenfranchised) microfinance initiatives, and public-private partnerships to increase affordability and homeownership opportunities.
   • 5% to prioritize housing projects in well-connected and serviced areas, ensuring access to jobs, education, and other urban amenities.
   • 5% Develop master plans and zoning regulations to guide future growth and development in a sustainable and orderly manner.
   • 5% Preserve and restore historic buildings, landmarks, and cultural sites that contribute to the city's identity and heritage, Xamarweyne, Shangaani, and especially the lighthouse and the old mosques must be restored.
   • 5% to create green spaces, parks, and urban forests to improve air quality, mitigate heat island effects, and provide recreational opportunities for residents.

If I was given the opportunity, I'd turn these 300 million into 3 billion in 10 years.

 

[Homerlilian]

I actually believe them this time

 

[zeilaprime]

They'll steal 80 percent of it. We need a proper police force and court system do to deal with this rampant corruption.

 

[IKHALIIL]

They'll steal 80 percent of it. We need a proper police force and court system do to deal with this rampant corruption.

70% of all this goes to the fgs if I'm not mistaken

 

[Fisherman 75]

@Three Moons thoughts?

 

[Pastoralist]

I actually believe them this time

Don’t it’s HSM gov. they promised to clear AS and currently they are making excuses after they refused to pay soldiers who were fighting for our nation on the front lines.

they don’t deliver on anything, don’t take it as pessimism. This is just a reminder of who not to confide in.

 

[Three Moons]

@Three Moons thoughts?

You only have to look at the budgets of similar sized but well-managed countries like Rwanda ($5 billion) or Senegal ($8.5 billion) to realise Somalia is nowhere near where it should be in terms of tax-collection or what it could raise, be it traditional or digital. Its agricultural belt is not optimised, its ports and Blue Economy aren’t optimised, its airspace isn’t optimised, its digital tax on the telecom industry isn’t optimised. Billions and billions left on the table.

Senegal’s health budget alone is $450 million, imagine what kind of impact that sort of allocation would have on the Somali Healthcare industry?