By M.A. Egge
The President of the Republic of Somaliland, Mr. Muse Bihi Abdi, praised the roles and duties of the private sector in the country whose corporations and companies services in the community has been without doubt outstanding.
The Head of State was addressing an event at the Hargeisa Water Agency in which the water resource suppliers managed to acquire a mounted drill rig truck that casted a half a million USD.
He said the operations and implementations of their plans have been quite exemplary.
“As for implementation of their programmes, general performances of their duties, urgency or swiftness in dispensations, and overall accountability development and associated progress the world over has been based on the fledgling of the private sector especially in the last seven decades”, said the President.
He said such gigantic steps taken towards the direction has been enabled by subsidizing and workers reaping remunerated dividends on top of their normal salaries hence their morale get boosted.
This, he said, is what has propelled the progress markedly witnessed and seen in China and other major nations as the US.
Their people are mobilized towards a cause and subsidized, he said.
He pointed out that they elect people of integrity to run such boards overseeing them in such a manner that achievements are realized with ample dividends through impeccable monitoring and oversight mechanisms.
On the same note the Head of State noted that most nations globally has not been able to fully fund or avail basic needs and amenities for their subjects hence disappointing them.
He however hailed the local private sector for the monumental achievements that they have done in a short period as the country was being reconstructed.
He pointed out that with the absence of a tangible banking system, and total lack of the insurance industry, the local entrepreneurs have been able to establish formidable international standard corporations with some of them being world leaders especially in the cyber world.