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Libya on verge of civil war, threatening ‘permanent division’

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The damage done to Libya will already take “years to mend” but unless fighting around the capital Tripoli stops, the country risks “descending into a civil war which could lead to the permanent division of the country”.

That was the blunt assessment of UN Special Representative to Libya, Ghassan Salamé,  who also heads the UNSMIL Support Mission, briefing the Security Council on Tuesday, following weeks of intensifying conflict in and around the outskirts of Tripoli, instigated by the self-styled Libyan National Army forces of General Khalif Haftar who also leads a parallel administration based in the eastern city of Benghazi.

Mr. Salamé said grimly, that he had spent two years hoping to avoid having to deliver such a bleak in-person briefing to the Council, noting there were already 460 dead – 29 civilians – since the offensive began in early April. More than 2,400 have been injured, and 75,000 forced from their homes, the majority civilians, with half of the displaced women and children.

Violence began on the eve of an UN-backed National Conference planned to bring more than 150 representatives together from across the country, which had to be postponed. “There was great public excitement about what the conference could yield” said the top UN official, “in terms of a way forward to end Libya’s eight-year long period of transition” which threw him “into the deepest level of sadness for the opportunity lost”.

Tripoli violence could spark ‘long and bloody war’ across region

“I am no Cassandra” he added, referencing the mythical Greek figure who uttered prophesies which nobody believed, “but the violence on the outskirts of Tripoli is just the start of a long and bloody war…imperilling the security of Libya’s immediate neighbours and the wider Mediterranean”.

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Mr. Salamé noted that in southern Libya, terrorist group Daesh, or ISIL, was flying its distinctive black flags, and reportedly had been responsible for four attacks, killing a total of 17, with more than 10 wounded, and eight others kidnapped, since Libya’s militias turned their guns on each other this year, not the common extremist threat.

“There are numerous reports of extremists, persons under international sanctions, and individuals wanted by the International Criminal Court appearing on the battlefield on all sides. All parties must publicly disassociate themselves from such elements without delay and refer to the ICC those for whom arrest warrants have been issued”, he said.

He bemoaned the flow of weapons back into the country noting “many countries” were providing arms to all sides. “Without a robust enforcement mechanism, the arms embargo into Libya will be come a cynical joke. Some nations are fuelling this bloody conflict; the United Nations should put an end to it”, he added.

Turning to the humanitarian needs he said health facilities were struggling to cope, with 11 ambulances “directly hit” by airstrikes, rockets and shelling. “I am appalled by the apparent disregard for the due protection of personnel engaging in vital medical tasks”, he noted, expressing deep concern for the rise in abductions, disappearances and arbitrary arrests in the past 6 weeks. He called on the Council’s “unequivocal support” in applying International Humanitarian Law.

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UN remains ‘alongside the Libyan people’

Mr. Salamé said despite scaling-down non-essential UN staff in Tripoli and Benghazi, “we remain in Libya alongside the Libyan people to deliver as best we can”, with over 42,000 receiving aid so far. He said through local democratic elections held since 30 March, the people were showing their stoical resolve too, saying it was “vital to keep the pilot light of democracy alive”, and appealed for Council support to “the municipal election process.”

“There is no military solution” he reiterated, “and it is high time for those who have harboured this illusion to open their eyes and adjust themselves to this reality. Libya’s mosaic of communities cannot be governed without alliances and relationships stretching across the whole country”. He said Libyans would need to adjust in light of the attempts to take Tripoli by force since 4 April.

“A better future is still possible, but we all must be seized with the fierce urgency of now, while the front lines remain on the outskirts of Tripoli, and before the battle moves, God forbid, to the capital’s more densely populated neighbourhoods. This will require concerted and immediate action by the international community”.

He concluded with a call for the Council to act immediately, in support of politics over any military solution. “Full civil war in Libya is not inevitable. It may occur by the will of some parties, and by the inaction of others. I hear Libyans resigning themselves to a conflict of many months or even many years. My duty, and

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that of this family of nations, is to tell them: ‘No. You need to stop the fighting and stop it now, for the sake of your loved ones, for the sake of your country, and for the sake of international peace and security.”

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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