Ex-Somali PM: Oil Wealth Risks Instability Without Consensus

By Asha Elmi - Reporter

Somalia, April 11, 2026 Former Somali Prime Minister Omar Abdirashid Ali Sharmarke warned that the country’s oil and mineral resources could become a source of instability if not managed within a clear political and legal framework.

In a statement posted on social media on Saturday, Sharmarke said natural resources have the potential to drive economic growth, but could also create divisions if governance challenges are not addressed.

“Oil and mineral resources can be a blessing but in some instances can also be a problem,” he said.

He stressed that the benefits of resource development depend on political agreement over key issues, including the constitution, rule of law, elections and resource management policies.

Sharmarke also raised concerns over the approaching end of the Federal Parliament’s term, which he said is due to expire in the coming days, warning of a lack of transparency around the next steps.

KeNHA Issues Vacation Notices to Some Traders Along Kangundo Road

Uganda Confirms Two More Ebola Cases as Infections Rise to Nine

“With the term of the Federal Parliament ending in three days, it seems a code of silence has been put in place,” he said, referring to uncertainty over the transition.

He called on President Hassan Sheikh Mohamud to clarify the situation, noting the constitution stipulates a four-year parliamentary term.

“The president, as the custodian of the constitution, may clarify what this illegal extension means,” he said, urging the convening of a national conference to agree on the electoral process and timeline.

Sharmarke added that many stakeholders would likely support an electoral model that promotes broad voter participation, but warned that delays could increase the risk of political deadlock, conflict and fragmentation.