Equatorial Guinea’s government has resigned after failing to achieve key objectives, according to Vice-President Teodoro Nguema Obiang Mangue. While specific targets weren’t detailed, the ruling Democratic Party of Equatorial Guinea accused the government of fostering corruption, misusing state resources, delaying development projects, and failing to diversify the economy beyond oil. The country remains heavily dependent on petroleum exports despite efforts to encourage growth in sectors such as agriculture. Although it has vast oil wealth, Equatorial Guinea’s roughly 1.8 million residents have seen little benefit, with poverty remaining widespread and the economy declining amid falling oil production and demand. The vice-president framed the resignations, submitted by Prime Minister Manuel Osa Nsue Nsua on behalf of the entire cabinet, as consistent with accountability principles in public management. A new government is expected to be named soon, though questions remain about whether structural reforms will follow.
BBC