News Update

10/recent/ticker-posts

Header Ads Widget

Equatorial Guinea Cabinet Resigns After Failing To Meet Performance Targets.

 


Equatorial Guinea’s Vice-President, Teodoro Nguema Obiang Mangue, has announced the resignation of the country’s federal executive council following what he described as widespread underperformance and failure to meet key government objectives.



In a statement posted on X on Tuesday, Mangue—who is also the son of President Teodoro Obiang Nguema Mbasogo—said the outgoing cabinet had achieved only a small portion of its assigned goals.

“The rule is simple: public responsibility has to come with results,” he wrote, adding that the government had been provided with substantial human, material, and financial resources to meet the needs of citizens but had not delivered adequately.

Mangue claimed the administration reached “barely 10 percent” of its targets, although he did not provide specific details on the benchmarks or policy goals that were missed.

The outgoing government was appointed in 2024 under Prime Minister Manuel Osa Nsue Nsua, a former governor of the National Bank of Equatorial Guinea. The administration had been tasked with implementing economic reforms aimed at improving living standards and supporting low-income households.

President Mbasogo, who has led Equatorial Guinea since 1979 and is currently the world’s longest-serving head of state, is reported to have expressed dissatisfaction with the cabinet’s performance. According to the ruling Democratic Party of Equatorial Guinea (PDGE), the president criticised the government for failing to advance key priorities, including economic diversification and agricultural development.

The country continues to face economic headwinds, including declining oil production, reduced foreign investment, and broader external pressures. Heavily dependent on petroleum, oil and gas still account for the majority of Equatorial Guinea’s government revenue and export earnings.

Officials also reportedly faulted the outgoing cabinet for not doing enough to reduce reliance on imported goods that could be produced domestically.

Post a Comment

0 Comments