Golaha Dhaqaalaha Qaranka

𝗖𝗜𝗜𝗗 𝗪𝗔𝗡𝗔𝗔𝗚𝗦𝗔𝗡!

Golaha Dhaqaalaha Qaranka waxa uu shacabka Soomaaliyeed iyo guud ahaan ummadda Islaamka ugu hambalyaynayaa munaasabadda Ciidul-Fidriga. Waxaan Eebbe ka baryaynaa inuu innaga aqbalo acmaasheennii suubbanayd ee bisha barakaysan ee Ramadaan.

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𝐃𝐇𝐀𝐌𝐌𝐀𝐀𝐃

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Golaha Dhaqaalaha Qaranka waxay dhammaan ummadda Soomaaliyeed iyo Muslimiinta caalamka ugu hambalyaynaysaa munaasabadda curashada bisha barakaysan ee Ramadaan.

Bishan kheyrka badan waxaan Alle uga baryeynaa inuu ka dhigo mid nabad, barwaaqo, midnimo iyo dambidhaaf u horseeda dalkeenna iyo guud ahaan Muslimiinta caalamka.



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DHAMMAAD
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Dr. Hassan Adam Hosow,
Chief Economic Advisor to the President and Executive Director of the National Economic Council, delivered the closing remarks at the dissemination event, highlighting the critical importance of national ownership in shaping Somalia’s economic path. He emphasized that the third edition of the State of the Economy Report represents a milestone in building Somali-led analysis and reflects the growing institutional capacity within the country.

Dr. Hosow acknowledged the economic challenges Somalia continues to face, including the impact of reduced foreign aid. However, he pointed to signs of gradual progress and encouraged all stakeholders to remain committed to resilience, inclusive development, and adapting to the rapidly changing global landscape.

In his final remarks , he extended his deep appreciation to the NEC team for producing this report entirely in-house, without external writers. He praised their professionalism and dedication and thanked all attendees for their valuable participation and support in advancing Somalia’s economic transformation.




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During the panel discussion on The Impact of Aid Reduction on the Somali Economy, Prof. Isse Mohamud Halane, Deputy Director of the Somali Chamber of Commerce, stated that Somali businesspeople have already been encouraged not to rely on external aid. He noted that investment models have been proposed—particularly in energy and infrastructure—and emphasized the need for the government to create a transparent environment to support such initiatives.




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During the panel discussion on The Impact of Aid Reduction on the Somali Economy, Mr. Najibullahi Isaq, Director of Customs at the Ministry of Finance, emphasized the need to raise public awareness around taxation. He noted that when citizens can clearly see the services provided by the government, they are more likely to be motivated to pay taxes. He also highlighted the importance of digitalizing tax systems as a means to improve transparency and efficiency. Mr. Najibullahi concluded by stressing that domestic revenue mobilization should be seen as a sustainable alternative to reduced foreign aid.




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During the panel discussion on The Impact of Aid Reduction on the Somali Economy , Dr. Mahad Mohamed Hassan, National Economic Advisor at NEC, emphasized the urgent need to balance the country’s high demand with its low domestic production. He stressed the importance of diversifying and increasing local production and exports. Dr. Mahad also highlighted the need to enhance citizens’ purchasing power by restructuring and categorizing taxation to be more equitable and supportive of economic growth.




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During the panel discussion on The Impact of Aid Reduction on the Somali Economy, Ms. Zahra Abdi Mohamed, Director General of the National Centre for Rural Development & Durable Solutions, MoIFAR, highlighted the productive sector, infrastructure development like irrigation canals, and rural development as key to economic growth. She added that the policy recommendations from this Economy Report will be considered to integrate into their action plans.




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During the panel discussion on The Impact of Aid Reduction on the Somali Economy, Mr. Liban Dahir Obsiye, Executive Director of the National Climate Fund, highlighted the visible effects of climate change in Somalia. He stressed that addressing climate change requires collective action from all stakeholders and stressed that the issue should not be politicized to ensure effective and unified solutions.




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Panel Discussion: The Impact of Aid Reduction on the Somali Economy.
Moderator: Dr. Abdinur Ali Mohamed
National Economic Advisor, National Economic Council (NEC)
Panelists: – Mr. Najibullahi Isaq – Director of Customs, Ministry of Finance :
– Prof. Isse Mohamud Halane – Deputy Director, Somali Chamber of Commerce
– Dr. Mahad Mohamed Hassan – National Economic Advisor, NEC
– Ms. Zahra Abdi Mohamed – Director General, National Centre for Rural Development & Durable Solutions, MoIFAR
– Mr. Liban Dahir Obsiye – Executive Director, National Climate Fund




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Mr. Mohamud Moallim Abdulle, Commissioner, Somali Disaster Management Agency (SoDMA),
delivered remarks commending the NEC for producing a nationally led State of the Economy Report.
He highlighted the economic impacts of recurrent droughts and referenced insights from a recent SoDMA-led forum in Jowhar, emphasizing that Somalia is in a critical state and urgent, unified national action is needed to support vulnerable communities.




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Mr. Saleiman S. Umar, Director General, Ministry of Finance, commended the Annual State of the Economy Report and highlighted its value in guiding Somalia’s economic trajectory.
He spoke on Somalia’s ongoing economic growth and emphasized the importance of economic diversification as a national development priority, underlining its critical role in building a resilient and sustainable economy.




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Mr. El-Khidir Daloum, Resident and Humanitarian Coordinator ad interim, delivered remarks applauding the National Economic Council (NEC) for its leadership in producing a nationally owned and locally driven economic report.
He reaffirmed the United Nations’ continued support for Somalia’s state-building and development efforts, emphasizing alignment with the National Transformation Plan and the guiding principle of “Leaving No One Behind.”
Mr. Daloum urged stakeholders to view today’s challenges as stepping stones for broader progress—not only for Somalia, but for Africa as a whole—and reiterated the UN’s commitment to walk alongside Somalia in its development journey.




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