President Mohamud Launches Somali Bankers Association’s Annual Conference

GOOBJOOG NEWS | MOGADISHU: Federal Government of Somalia President Hassan Sheikh Mohamud Sunday launched the annual conference of the Somali Bankers Associations in Mogadishu.

The conference focuses on investments, growth of infrastructure, and initiatives aimed at managing financial system in the country.

Speaking during the function, President Mohamud commended the traders’ efforts in country’s development and urged them to be responsible in paying taxes saying such is crucial for the country’s development.

“The Statehood is principles and enforcing rules, and in order, to get it, you must pay taxes. The government cannot operate without taxation. We commend banks and telecommunication institutions,” the president said.

He further stated that anyone who evades payment of tax violates the country’s laws and hence commits a crime and will be arrested.

“We emphasize traders to pay the taxes and not to evade such but to abide to set laws on taxation. Everyone should pay taxes which benefits the entire Somali population as the collected funds will be used to provide crucial social services and security,” concluded the president.