What's with Nigerians obssession with Somalia

[Gacmeey]

Somalia has never been in 'total anarchy.' It has functioning regional governments that actually run their territories.

Remittances make up only about 2% of Somalia’s economy , the real driver is domestic production and trade. The regional government earns most of its revenue by taxing trade, not handouts.

Somalia isn’t sustained by foreign aid either; it’s sustained by its private sector and strong local/internal governance.

The reason Somalia keeps going despite constant outside interference that birthed AS among other things , is because it’s not run by hopeless defeatist losers like you. It’s powered by the resilience of its people, who are forward thinkers, who have revived every sector , energy, industry, trade and logistics, agriculture, fisheries, business, education, healthcare without billions in loans or foreign investments or donor money that other countries receive.

What exposes you and Nigerians or others as losers is that while you badmouth Somalia with tired, useless perceptions, Somalis are out there actually building and getting things done.

In less than a decade, we’ve expanded electricity access by 80%, internet coverage by 89%, clean water to 77% of the poppulation , boosted agriculture through micro-irrigation and micro-financing, grown industries, and increased fisheries production by 400%., expanded literacy to 70% of youth population (15-30). Somalia having one of the lowest crime rates in the world.

The point of a government is to deliver services, safeguard, and improve the quality of life for its people and in Somalia, there’s plenty of that happening.

2% of an economy is massive particularly when it is support from diaspora.

 

[Abdisamad]

Everytime something happens there they have to mention us it's acc crazy, just like when the 2024 GDP per capita dropped they were comparing with Somalia

Because we are so failed, so people are using us as the minimum bar to compare with on failure.

 

[Idilinaa]

Theres no way its only 10% nomads left

This is from region wide government survey. Most Somalis have become urbanized live in mostly towns & cities and more have became agriculturalists and fishermen. So fully nomadic/pastoralist's Somalis are a minority.

Most urban peoples income come from wage labour or through small businesses. More rural people turned to fishing and agriculture as a sources of income.

2% of an economy is massive particularly when it is support from diaspora.

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The idea that Somalia is massively supported by handouts from its diaspora is outdated. People keep repeating figures from 2012 or earlier numbers tied to the aftermath of the 2007–2009 invasion and occupation. That period saw the economy collapse, sanctions imposed, bank freezes, and fund seizures.

During those years, many Somalis were forced to rely on the diaspora more than they normally would. This changed after the return of the diaspora, foreign direct investment (FDI), and the resumption of domestic production following the establishment of a new transitional federal government in 2012.


According to a UN/World Bank study, in 2017/18 remittances accounted for only 6% of mobile money transaction value.

Mobile money represents over 90% of all transfers in Somalia, valued at about $2.7 billion per month , roughly 36% of GDP. That means remittances are around 2% of the economy

That's because from 2012 their importance fell dramatically:

''However experts acknowledged that the role of MTO in the economy has been declining since 2012 due to the return of many Somali Diasporas , and increase in the production of the domestic economy as result of new investments from both foreign investors and Somalis.''

You can see this in another 2020 survey . Remittances played a very small role for most peoples incomes. It's only like a small portion like 3-14% of their income in most places so by and large when its received its treated as a supplemental income.

Households mostly relied on wage labor or small businesses.

Overall only 8% of rural and urban population counted on remittances as their main source of income.

26% of rural households rely on agriculture and fishing and 16% rely on small businesses.

Most diaspora money coming in isn't remittances at all. It Is direct investments into various sectors as this survey from a few years ago managed to find and distinguish.

The diaspora for years now have functioned more like FDI(investors) in actuality and not a lifeline keeping people afloat.

Thanks to their return and investments, about 92% of Somalis support themselves through wage labor, business, agriculture, or fishing. The majority of the population is economically active and self-sustaining.


If Somalia’s real GDP is closer to $90 billion , as mobile money estimates from 2018 suggest that captured the informal activity, then the 1.4 billion remittances are only a small fraction of the economy.

 

[Idilinaa]

Most diaspora money coming in isn't remittances at all. It Is direct investments into various sectors as this survey from a few years ago managed to find and distinguish.
View attachment 370192

The diaspora for years now have functioned more like FDI(investors) in actuality and not a lifeline keeping people afloat.

Thanks to their return and investments, about 92% of Somalis support themselves through wage labor, business, agriculture, or fishing. The majority of the population is economically active and self-sustaining.


If Somalia’s real GDP is closer to $90 billion , as mobile money estimates from 2018 suggest that captured the informal activity, then the 1.4 billion remittances are only a small fraction of the economy.

I’m sure Barkhadle would be pleased to know about this too . Somaliland hosts an annual industrial products expo showcasing “Made in Somaliland” goods.

SL Industrial Products Expo Commences in the city

The country’s industrial production fair started yesterday in Hargeisa where by, “Preferring our industries to foreigners” was the motto this year. The opening ceremony of the fair yearly held the …

somalilandstandard.com

The industry chairman even stated clearly that the main drivers of the manufacturing sector are diaspora returnees.

There are countless examples showing how the diaspora are active investors, creating local economic growth and generating jobs across Somali territories. This should encourage more people to return, contribute, and invest.



I’m currently mapping out the various industries and production happening in Somalia and there’s a lot happening.

 

[Idilinaa]

Because we are so failed, so people are using us as the minimum bar to compare with on failure.

Failed people? You mean the same “failed” people whose domestic companies are rebuilding the country and winning global awards?

Another major global awards for team Hormuud and Somalia as a whole

Major event held in the UK. They beat South Korean, American, German, Indian, British etc telecommunication companies :salute:

www.somalispot.com

You can also look up the “Global Somali Awards” you’ll find countless examples of ventures, individuals, and businesses in Somalia achieving success.

Somalis are succeeding at home. Instead of seeking foreign approval, you should take interest in what’s actually being built.

The only real failures are the people who, instead of contributing or offering support, deride their own people and ignore the strides being made.