Equatorial Guinea Government Resigns After Hitting Barely 10% of Targets
Updated
Updated · BBC.com · Jun 17
Equatorial Guinea Government Resigns After Hitting Barely 10% of Targets
3 articles · Updated · BBC.com · Jun 17
Summary
Prime Minister Manuel Osa Nsue Nsua submitted the collective resignation of Equatorial Guinea's government after it achieved barely 10% of its objectives, Vice President Teodoro Nguema Obiang Mangue said.
President Teodoro Obiang blamed the outgoing administration for fostering corruption, misusing state resources and failing to advance development projects or diversify the economy, especially agriculture.
A new government is expected after the cabinet appointed in 2024 was dismissed under what the vice president called a results-based principle of public management.
Oil and gas still dominate exports and state revenue in the 1.8 million-person country, where declining production and demand have deepened an economic slump and left widespread poverty despite oil wealth.