As Forum on Economy Wide Private Public Dialogue kicks-off
By M.A. Egge
The Vice President H.E. Abdirahman Abdillahi Ismael Sayli’i yesterday graced a Forum on Economy Wide Private Public Dialogue meeting that is meant to be a pilot one for state/private partnership in establishing commercial institutions.
According to a press release from the Presidency dated on 30th June 2018, the program which has been convened by the ministry of Trade, Industry and Tourism in conjunction with the World bank has brought together those of Finance and Investment Promotions (Development) ministries, the Central Bank, the National Chamber of Commerce, officials of the World Bank and the business fraternity.
The workshop is expected to cobble the mechanisms of the establishment of such commercial institutions.
To this context the Vice President told the gathering that, “We are at hand to formulate or aid as necessary the enacting of rules and regulations that may guide the policy on private/partnership development”.
The VP said that he was much honoured to attend and participate in such deliberations that were laying ground works for the programmed named PPD.
He underpinned the fact that knowledge was direly needed when such projects are established which are expected to create the equally much needed jobs for the populace.
He advised the entrepreneurs to seek specialized knowledge as necessary hence at the same time train their subjects.
The VP noted that the state was indebted to the business fraternity who they could not do without and vice versa.
He pointed out that such investitures were of paramount importance for development of the country’s economy.
On the other hand the Trade, Industry and Tourism minister Hon. Mohamud Hassan Sa’ad’s (Sajin) words echoed those of the VP.
“It is incumbent upon the government to formulate rules and guidelines to regulate the partnerships”, said the minister.
In the same breath he said it was likewise upon the state to avail a conducive aura of stability and peaceful security to facilitate the smooth running of dutiful chores and harmonious social setting.
He revealed that his ministry was in partnership with the World Bank as sponsors.
Presidents were Finance, Defence and Investment Development Ministers the Honourables Yusuf Mohammed Abdi, Isse Yusuf Ahmed and Ahmed Mohammed Awed respectively.
Also present were Central Bank Governor Ali Ibrahim Bagdadi, Chamber of Commerce Chairman Mohammud Shukri, economic stakeholders, academia fraternity and several eminent personalities.