Puntland investment conference LIVE

[SilentE1001]

I'm not gonna bother with you if you're being this hostile, you don't have any proof of any of your accusation.

Can you prove to me that PL accepts no donor funds - NO. You're state gov doesn't publish it's budget so everything you're saying about PL is hearsay.

I can provide you with the budget of SL which will show where the income comes for the government comes from.

 

[DR OSMAN]

I'm not gonna bother with you if you're being this hostile, you don't have any proof of any of your accusation.

Can you prove to me that PL accepts no donor funds - NO. You're state gov doesn't publish it's budget so everything you're saying about PL is hearsay.

I can provide you with the budget of SL which will show where the income comes for the government comes from.

I so far found out that 40% comes from various taxes and fees while 10% comes from livestock payments (from a 3rd party report dated 2015)

Your budget makes no sense brother. Anagu hadan reer puntland nahay, wax indhaheena ama maskaxdeena hadad uu sheegi karin waxan ugu jawabna waa 'cadifad' ama 'riyo'. First you said 40% taxation. Ok what is the rate of the taxation? ok if you don't know that. What is the size of your civil service workforce and security division(police n military).

Let's say your civil workforce is 5k which is probably the truth and another 5k is police and military. That is 10k, do u agree? so what is each one paid? let's say roughly $200 a month for civil service person and $100 a month for a soldier. Do u see how we can quickly work out the budget? it's not 300 million niyahow as your fake budgets claim. Civil service workers payment is 1 million a month. That is assuming $200 x 5000 workers for 30 day month period. That's clearly 1 million. If you want yearly figure it's 12 million. Then add 5000 for security services at $100 a month rate. Your talking 500k a year or half a million. Plus I've never seen your govt building roads or infrastructure so forget that as donors do this for you. Then you have teacher salaries right and maybe hospital staff salaries.

I am sick of your shit @SirLancelLord as you throw around figures but never provide working variables to test your figures. It's not science, it's ID22R world of khat and dreams.

See you don't provide these facts. Provide your working variables like numbers of workers, tax rate on large and small business, give us estimate of large, medium, small businesses. We can work it outselves going backwards and coming to an acceptable figure. I didn't even bother including the 'cabinet wages and president' which could be estimated also or MPS. Plus u get budget support, PL doesn't and u know that, anagu way nagu filan tahay our taxation revenues, adigu kuguma filna, ileen dhaqaalihi somaliland waa EBER weeye, that's why u cry to foreigners to help you balance the budget and throw in a few millions U POOR SON OF A ID23R

 

[FBIsomalia]

After watching, The speaker is not Native Puntlander. Mayber from USA.

 

[SilentE1001]

Your budget makes no sense brother. Anagu hadan reer puntland nahay, wax indhaheena ama maskaxdeena hadad uu sheegi karin waxan ugu jawabna waa 'cadifad' ama 'riyo'. First you said 40% taxation. Ok what is the rate of the taxation? ok if you don't know that. What is the size of your civil service workforce and security division(police n military).

Let's say your civil workforce is 5k which is probably the truth and another 5k is police and military. That is 10k, do u agree? so what is each one paid? let's say roughly $200 a month for civil service person and $100 a month for a soldier. Do u see how we can quickly work out the budget? it's not 300 million niyahow as your fake budgets claim. Civil service workers payment is 1 million a month. That is assuming $200 x 5000 workers for 30 day month period. That's clearly 1 million. If you want yearly figure it's 12 million. Then add 5000 for security services at $100 a month rate. Your talking 500k a year or half a million. Plus I've never seen your govt building roads or infrastructure so forget that as donors do this for you. Then you have teacher salaries right and maybe hospital staff salaries.

I am sick of your shit @SirLancelLord as you throw around figures but never provide working variables to test your figures. It's not science, it's ID22R world of khat and dreams.

See you don't provide these facts. Provide your working variables like numbers of workers, tax rate on large and small business, give us estimate of large, medium, small businesses. We can work it outselves going backwards and coming to an acceptable figure. I didn't even bother including the 'cabinet wages and president' which could be estimated also or MPS.

Here's an outlook/ that 40% was from 2015 customs / fees & taxes make up 63% based on the 2019 budget.

The problem we have is bad management and high corruption.

Show me PL budget if it's so great, do they even produce anything did a Google search on PL budget came up with nothing - so what you've been saying about PL is complete bull until you pull out evidence

SL budget breakdown

 

[DR OSMAN]

Here's an outlook/ that 40% was from 2015 customs / fees & taxes make up 63% based on the 2019 budget.

The problem we have is bad management and high corruption.

Show me PL budget if it's so great, do they even produce anything did a Google search on PL budget came up with nothing - so what you've been saying about PL is complete bull until you pull out evidence

SL budget breakdown
View attachment 78882

That's bullshit. Anyone can write up figures and say a number. U need to provide the exact number of employees in each ministry and they're pay rate and u will see it's nonsensical. U don't understand science no-1 will take as a scientific based budget, that is not even estimation but random figures. Provide me the number of staff in each ministry and u will see it's bullshit. Your whole ministries wouldn't have more then 5000 workers and that's every single one of them, then provide me the salary rate for each worker at different levels and u will see it will average around to $200 per worker bar the director/minister roles. Come on id22r boy I work of science not just random figures. Science requires working variables first.

Variables include worker levels, worker numbers, salary rate per worker at each level, how many are at each level, you can't just give me statistics is that even statistics it can't be since it lacks working variables.

 

[Bobthebuilder]

@DR OSMAN is always in karbaash mode with @SirLancelLord
It’s basically bullying now

 

[SilentE1001]

That's bullshit. Anyone can write up figures and say a number. U need to provide the exact number of employees in each ministry and they're pay rate and u will see it's nonsensical. U don't understand science no-1 will take as a scientific based budget, that is not even estimation but random figures. Provide me the number of staff in each ministry and u will see it's bullshit. Your whole ministries wouldn't have more then 5000 workers and that's every single one of them, then provide me the salary rate for each worker at different levels and u will see it will average around to $200 per worker bar the director/minister roles. Come on id22r boy I work of science not just random figures. Science requires working variables first.

Variables include worker levels, worker numbers, salary rate per worker at each level, how many are at each level, you can't just give me statistics is that even statistics it can't be since it lacks working variables.

That's the budget for each dependent of what they get for the year. Each minister chooses how many staff he needs and what to spend it on.

Do you have the same for PL which now for the third time I asks which is as NO so all your claims is bull crap.

Have you got data to back up your claims of not stop waisting my time

 

[DR OSMAN]

@DR OSMAN is always in karbaash mode with @SirLancelLord
It’s basically bullying now

Lol the figures he throws around needs 'justifying' where that figure is spent, where-as he thinks if he just sees a 'figure' that is it and that's a fact to him. It's only a fact when he proves how that figure is spent and that's based on the variables I was asking him to provide like number of workers, the level he works at, the pay rate each one gets, the director/minister pay rate, the equipment costs like computers, desks, electricity. It is a rented building or owned? He isn't justifying the numbers he is providing @SirLancelLord

 

[DR OSMAN]

That's the budget for each dependent of what they get for the year. Each minister chooses how many staff he needs and what to spend it on.

Do you have the same for PL which now for the third time I asks which is as NO so all your claims is bull crap.

Have you got data to back up your claims of not stop waisting my time

That's what I am saying you just gave figures not 'data' I am asking for the data which is the variables u dumb f*ck. Justify how u spent that money into breakdown structure covering the cost of equipment, vehicles, is the building rent or owned, worker levels, worker pay rates, number of workers, director and minister rates, desk, computers, appliances. Hurry up break down that end figure you provided and JUSTIFY it and u will see there is no justification for it because it's damn fake to begin with.

If that is how SL budget is justified no wonder there is heaps of corruption. Imagine that you can just take money and not justify it in SL. Corruption hell hole @Khalaf @Crow

Ka waran intan ku imaado oo lacag ka qaato oo ku yirahdo 'intan uu bahan ahay' and u just give to me without asking 'what for' looooooooool. That's Somaliland, no critical based mind-set. No sense of governance model, where is your governance waryaa, you need data and working variables to justify each cent the government has. Plus your so broke, when u balance the budget u always turn out short don't u and cry for 'western budget relief' war anigu karbashayga waa kulul yahay iga har niyahow. I wanna watch a movie soon.

Wallahi CROW KHALAF when finance department realizes how much money they have to pay for each corrupt ministry because they don't justify they're money or apply any sort of governance model, they fail to balance the budget which means the taxes they have fall short of the salaries they need to pay, this is when the western world steps in and provides emergency budget relief or finance injections to ensure the budget balances based on tax revenue vs expenses.

When u have budget where taxes revenue supercedes the expenses and u have money left over that is a SURPLUS sxb, when the tax revenue fall short of expenses that is a deficit, that government is in 'debt' but in SL when they go into debt, they run to europe and say 'we need budget relief' we can't pay our bills hahahahahaha, @SirLancelLord govt can't pay his bills so he gets western assistance. Warheedhe duli yahow create governance model u will find out the budget is very small indeed and the money the minister is asking u 'wa been' he wants to pocket it, he cant justify it if u give him governance model to follow to justify each cent.

It's either that or SL is faking the figures so it can ask the western world to cover it so they can pocket money the ministers and president by providing fake financial figures needed. I would tell them to justify it and prove to me each worker actually even exists, their grade level, their salary rate, the equipment u will purchase, desks, computers, wallahi waxba kama caafin lahayn untill each cent I give is justified and proven and then I want to see them give me the 'receipt' each year to show me that they have done as they said with the money. I want to see the worker salary for the year in receipts, equipment receipts, somalidu cayaar bay taqan, anigu ma aqani.

 

[Crow]

Every thread about PIF just has to get derailed by jealous, hate filled terrorists.

 

[SilentE1001]

You still didn't give me any PL stats.

So you saying PL is successful and rich is horse manure

 

[kickz]

You still didn't give me any PL stats.

So you saying PL is successful and rich is horse manure

What are you ing about, go worry about UAE cancelling their development deals with SLand.

 

[Farm]

Really well organized event. I noticed the foreigners had headphones to hear the translations of what the speakers were saying. I haven’t seen that before in Somalia.

 

[Arma]

Masha'Allah. This brings a tear to my eyes.

Puntland Guul! Puntland Hanolato!

 

[GBTarmy]

Really well organized event. I noticed the foreigners had headphones to hear the translations of what the speakers were saying. I haven’t seen that before in Somalia.

First time im seeing it too, PL really prepared for this. Kudos to the ones that worked hard to make this possible.

 

[Tukraq]

Dahabshiil has been doing that "micro-financing " to help people start a business. Not sure if the bank has set up shop in PL yet.

As long as free trade is allowed between Somali States. It would you rather trade with outside then within, if we're all realiant on each other less likelihood for conflict which was one of the reasons for the EU.

Africa has this problem where they trade more with outside the continent them within

Why would we need dahabshiil? We have our own xawalas, there’s nothing we need to trade from other states we can’t do on our own

 

[Arma]

Do you guys know, what's soo great about this? It's all overseen and protected by PL security services. Not a single African Union peacekeeper on sight. That alone, is a sight to behold. I'm sure the foreign investors see this, and will help solidify investment to Puntland.

 

[SilentE1001]

I'm loving the interior of that hall

 

[Futurist]

Kudos to Puntland, Somaliland could learn a lot

If ya'll could just make peace with us in Somaliland, we could make some money moves together

 

[Diaspora ambassador]

Puntland few things you need to fix to help your business community:

Issues faced by #puntland business community

1. Bosaso doesn’t have a container terminal so goods land in Salalah(Oman).

2. The problem with this is that it’s expensive, goods are damaged during loading and unloading, Dhows have a greater risk of capsizing leading to loss.

3. Exorbitant port charges at Bosaso port.

4.Higher cost of shipping from China-Salalah-Bosaso rather than China-Bosaso (which is not possible due to lack of container terminal

Note : logistical and economical challenges crippling their operations the business community in PL came up wth the following solutions:

1. Use Berbera where the containers can arrive directly from China thus avoiding the risk of dhow shipping, delays and higher fees of Salalah.

2. Tax exemption from the Somaliland Gov as the goods are destined for another country

3. Is that it’s faster and cheaper.

Puntland Responds to these actions by proposing to:

1. Summary execution of Sool/Sanaag residents who are with Somaliland

2. Ban all goods produced in Somaliland

3. 500% tax in goods from SL

4. Protect the interests of Salalah port at all costs

If you're a capitalist you should really question this policy - question you're representatives why there isn't container handling at you're main port after signing a deal to develop it 2 years ago

What do you think garacad port is for, it will handle container ships. PL is just forcefully taking its own piece of the national port revenue (no way in hell that N&N will give PL it's own fair share in anything). With business ties to Asia hopefully we can cut the large imports from berbera and switch it to asia in exchange for export trade perhaps frankincense.