We have some dumb and illiterate bastards in there.The lower house of the parliament has already signed the agreement.
Do these ninjas even do their due diligence and actually read, debate, or even propose changes to the agreement.
We have some dumb and illiterate bastards in there.The lower house of the parliament has already signed the agreement.
Do these ninjas even do their due diligence and actually read, debate, or even propose changes to the agreement.
Well that's going to be shut down because we having 30 percent of our resources taken away which is not good.Kinda crazy the pace somalia is going at, with debt relief, lifting of the arms embargo and now offshore oil production by the end of the year, and here I was hoping somalia would not extract any natural resources until at least ten years passed and instead in the mean time develop our livestock, agriculture and fisheries sectors of the economy.
Sounds mad but it’s only for 10 years so it would be better if the % was only 15-20% plus they could get this % by getting contracts to extract the oilTurkey will get 30% of the proceeds of Somalia's maritime resources?
So turkey is going to get 30% of all off shore oil, fishing resources, under sea minerals, etc in somalia! Unbelievable!
@Garaad Awal @Lander @Itsnotthateasy @pinkyandthebrain
Lol. They just ratified it. It has not even been a day. No debate. No one knows exactly what they signed.
Maybe he can only read inverted
The parliament has already signed the agreement.
Do these ninjas even do their due diligence and actually read, debate, or even propose changes to the agreement.
I didn't know this. To me the only time they actually filled the quorum is when there is a motion to impeach a sitting PM. Obviously this comes with bribe money.They get a bonus for every law they sign
Being an MP in Somalia is all about business sxb
Yes, Puntland for puntlandersThats what I thought too but the terms aren't public yet, so far all we have is a facebook post
Are you serious??
There was already a deal signed with US based coastline exploration. I wonder how this agreement pertains to offshore oil and gas exploration as other users pointed out.If they actually develop a navy and help in extracting Oil it would help.
It happen with Qoslaya in his first term.Mogadishu is already under the protection of Burundi, Ethiopia and Uganda, one more country doesn't hurt them. Soon they may sign away their women to another country in exchange for "phase 2".
He his right, if you fight for your land, why giving your waters to another country!!.pakistani political analysts calls somalis hypocrites for working with turkey rather then ethiopia. lmao what can gaajo ethiopians who are bankrupt do for somalis then ethiopia would he be ok working with indians rather then turkey as a pakistani?
Still, Turkey has tie with Ethiopian. So what happen if Turkey give 10% to Ethopian to step down of MOE. So both nations taking our resourses for free!!.Let's clarify the terms of the agreement: Turkey is committed to safeguarding Somalia's seas as if they were its own. Over the next decade, our nation will boast the most formidable navy in Africa. While this naval strength is strictly defensive, it does signify that any Ethiopian-built base or ship within the designated area will face Turkish counteraction.
It's essential to emphasize that Turkey isn't claiming 30% of our sea resources for the next ten years; instead, they will receive 30% of the revenue generated. This share is deducted from the Federal Government of Somalia's (FGS) portion of sea revenue, ensuring that the revenue stream for the Federal Member States (FMS) remains untouched.
Why is this arrangement not as detrimental as it may seem? Our maritime resources are vastly underutilized—Somalis scarcely consume fish, let alone crustaceans or seaweed. Effectively, we have granted the Turks a stake in our maritime resources. This incentivizes Turkey to invest significantly in Somalia's maritime sector, benefiting the FMS first, followed by the FGS, and finally, the Turks.
For the Turks point-of-view, they want to grow the pie to maximalize revenue. How do they do that? Firstly, give investors and international partners the cold hard agreement that you will patrol the seas and pacifiy any aggresive Ethiopian or terrorist activities in the sea.
For them it's like buying Apple shares back when it was 0.04$ a pop.
A notable aspect of this deal is that Turkey will not only train our navy but also provide proper equipment, transforming it from a coast-guard-tier force into a fully equipped navy. This collaboration holds the potential to elevate our navy to a green-water navy, marking a significant enhancement in our maritime capabilities.