Postby Octavius » Tue May 27, 2014 2:16 pm
Large amounts of money that are required for development projects can easily be raised from the diaspora/locals. The best way to spend that money, if it is raised, is by investing it in projects that (a) create sustainable jobs and (b) provide a sustained return on investment in perpetuity, the proceeds from which can then be reinvested. Resources are scarce and projects have to be prioritised to projects that create sustainable jobs, improve people's quality of life and provide a high return on investment, in perpetuity.
- Invest $25m in a fishing fleet transportation; storage, freezing, processing and transportation facilities. Create jobs. Earn hard currency though exporting the catch. The government can tax the operations of the entity. Revenues can be re-investing in either enlarging the operations of the entity, improving the technologies and operational methods, branding & marketing, entering new markets or in new industries altogether.
- Invest $35m in mechanised abattoirs & tannaries on the outskirts of the major cities, storage, freezing, processing and transportation facilities. Create jobs. Earn hard currency though exporting the products. The government can tax the operations of the entity. Revenues can be re-investing in either enlarging the operations of the entity, improving the technologies and operational methods, branding & marketing, entering new markets or in new industries altogether.
- Invest in $25m in farming in fetile parts of Awdal/Waqooyi galbeed/the South, significantly increase the land under cultivation, drill wells to irrigate those farms, get the universities & professionals with the requisite technical knowledge to improve agricultural methods; bring in drip irrigation, bring in fertilizers and encourage import substitution of whatever produce can be produced domestically. Improve food security, reduce food prices, improve peoples quality of lives, create jobs. Earn hard currency though exporting the products. The government can tax the operations of the entity. Revenues can be re-investing in either enlarging the operations of the entity, improving the technologies and operational methods, branding & marketing, entering new markets or in new industries altogether
.- Nationalise all universities (ban all non-government owned universities) and create a government funded independentuniveristy. Invest $50m in a proper university/research institute that has a modern campuses, is fully equipped and that employs the most qualified, experienced and talented members of the Somali diaspora. The university should have faculties for applied sciences/technology/engineering/medical sciences&technologies, medicine/nursing/midwifery, economics/business/sociology, religious studies/Somali history/Somali literature. This university/research institute should: provide excellent teaching, free of charge, to all qualified students. This university should also conduct cutting-edge problem-solving based research to address the technological/economic/social/health issues within the country and come up with practical solutions and authoritative recommendations. The university should have close links with and directly work with companies/industry/schools/hospitals/government departments.
- Invest $50m in light manufacturing of imported consumer goods that can be produced or assembled within the county even if we have to import the required raw materials e.g. shoes, clothes, furniture, construction materials, foodstuffs (flour, edible oils etc.)
- Invest $115m in a small power plant, dramatically bring down the price of electricity and encourage light manufacturing. Build power lines to the major cities, with the support of donors/friendly nations.