Nearly 100 Somali lawmakers raised significant concerns over the alleged decision by the federal government to grant exclusive rights for livestock exports to a foreign businessman, Abu Yasir.
One of the federal legislators strongly criticized the move, describing it as a potential monopoly that could harm Somalia’s vital livestock sector, which is a cornerstone of the nation’s economy.
Their statement, shared during an interview with, underscores fears of economic repercussions, including reduced competition and market instability.
One legislator rejected suggestions that the lawmakers’ opposition is politically motivated, emphasizing the need to safeguard Somalia’s economic sovereignty and protect livelihoods tied to the livestock trade.
The lawmakers have demanded the federal government reconsider its decision, as many view it as a threat to the nation’s economic stability and independence.
The situation underscores the delicate balance needed in managing public-private partnerships and foreign investments in key sectors.