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Somalia launches consultations on new transformation plan

Wednesday May 22, 2024

MOGADISHU (Xinhua) -- Somali Prime Minister Hamza Abdi Barre on Wednesday launched consultations on the new National Transformation Plan (NTP), a new strategy aimed at improving governance in the country.

"The plan focuses on investing in productive sectors to achieve economic growth, job creation and development opportunities," he said during the launch in the Somali capital of Mogadishu.

Somalia's NTP 2025-2029 is set to replace the National Development Plan (NDP-9) by Jan. 1, 2025.

The prime minister said the NTP represents a transformative approach to governance in Somalia, noting that the plan is based on utilizing resources and people's skills to achieve sustainable development. "The NTP exemplifies an innovative strategy that focuses on tangible actions and real change for the betterment of our nation."

"This plan seeks to produce concrete plans to invest in agriculture, fisheries, livestock, roads, bridges, ports, airports, and other natural resources, among other economic infrastructures, to attain economic self-sufficiency," Barre added.

The prime minister stressed that meaningful change can only be realized when everyone takes the initiative to play their part.

He also pointed out the numerous opportunities in the fields of investment created by the laws and frameworks established by the government to boost both domestic and international investment.


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