{"id":9149,"date":"2023-09-17T11:50:18","date_gmt":"2023-09-17T11:50:18","guid":{"rendered":"https:\/\/qiraatafrican.com\/en\/?p=9149"},"modified":"2023-09-17T11:50:18","modified_gmt":"2023-09-17T11:50:18","slug":"senegalese-employers-in-plea-for-oil-gas-revenues-ownership","status":"publish","type":"post","link":"https:\/\/qiraatafrican.com\/en\/9149\/senegalese-employers-in-plea-for-oil-gas-revenues-ownership\/","title":{"rendered":"Senegalese employers in plea for oil, gas revenues \u201cownership\u201d"},"content":{"rendered":"<p><span lang=\"EN-US\">Faced with the prospect of oil and gas production, the \u2018Mouvement des Entreprises du Senegal\u2019 (Employers\u2019 Associations, MDES MDES) is calling for the country\u2019s natural resources to be \u201cfully appropriated.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">Long regarded as a poor, heavily indebted country, <a href=\"https:\/\/qiraatafrican.com\/en\/?s=senegal\">Senegal<\/a> is preparing to become an oil and gas state. The Senegalese are pinning their hopes on the exploitation of these hydrocarbons, which could remove many of the \u201cobstacles\u201d to the country\u2019s socio-economic development. This development is undermined by youth unemployment (75 percent of Senegal\u2019s population is under 25 years of age), limited access to finance for small and medium-sized enterprises and regional disparities in development.<\/span><\/p>\n<p><span lang=\"EN-US\">Aware of this situation, the \u2018Mouvement des Entreprises du Senegal\u201d invited the Senegalese government and a number of development players to Dakar on Thursday 14 September, for the 22nd edition of its \u2018Assises \u00e9conomiques,\u2019 to reflect together on how to \u201cshape a radiant economic future for our beloved country.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">\u201cIn these times of global challenges and constant change, it is imperative that we, economic players and decision-makers, join forces to meet the challenges facing us. Senegal is rich in resources and potential, and it is up to us to transform these assets into engines of sustainable and inclusive growth,\u201d declared MDES President Mbagnick Diop, opening this meeting on the theme of \u201cOwnership or appropriation of natural resources for sustainable economic and social development.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">Speaking before former Prime Minister Mouhamed Boun Abdallah Dionne, university professors and many of the country\u2019s economic players, Mr. Diop said that Senegal\u2019s private sector had a \u201cpivotal role\u201d to play in this transformation. \u201cAs the private sector, we must work together to create an environment conducive to innovation, investment and job creation. This requires courageous structural reforms aimed at simplifying administrative procedures, strengthening the rule of law and promoting transparency in business,\u201d he stressed.<\/span><\/p>\n<p><span lang=\"EN-US\">Noting that \u201cthis is a very topical issue\u201d for Senegal, Mouhamed Boun Abdallah Dionne, Prime Minister from 2014 to 2019, said that his country should \u201cdraw inspiration\u201d from the Norwegian model. According to him, this Scandinavian country, rich in natural resources, such as oil, natural gas and iron ore, \u201chas made its resources its own\u201d by managing to overcome the \u201cextraversion\u201d of the wealth derived from their exploitation. This is not often the case in Africa, where foreign mining companies repatriate their profits, lamented the former head of government.<\/span><\/p>\n<p><span lang=\"EN-US\">\u201cIt is important for sub-Saharan countries to adopt winning strategies\u201d to avoid the syndrome of \u201crich countries with poor people\u201d that symbolizes many of the continent\u2019s nations, Mr. Dionne advocated. \u201cAnd for hydrocarbons to generate revenue for a country, governments must hold a significant share\u201d of the companies\u201d revenues, he concluded.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faced with the prospect of oil and gas production, the \u2018Mouvement des Entreprises du Senegal\u2019 (Employers\u2019 Associations, MDES MDES) is calling for the country\u2019s natural resources to be \u201cfully appropriated.\u201d Long regarded as a poor, heavily indebted country, Senegal is preparing to become an oil and gas state. The Senegalese are pinning their hopes on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":8,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"APA","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"0","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,27],"tags":[1448,1450,1447,1449,283],"class_list":["post-9149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-west-africa","tag-employers-associations-mdes-mdes","tag-gas-revenues","tag-mouvement-des-entreprises-du-senegal","tag-oil","tag-senegal"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=9149"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9150"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=9149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=9149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=9149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}