Equatorial Guinea cabinet resigns after missing stated performance targets

Equatorial Guinea government resigns after failing to meet targets

Equatorial Guinea’s government resigned after failing to meet its objectives, with Vice-President Teodoro Nguema Obiang Mangue citing poor results and corruption.

13 hours ago

Equatorial Guinea government resigns over unmet performance targets

 Teodoro Nguema Obiang Mangue, vice-president of Equatorial Guinea, has announced the federal executive council’s resignation after it failed to meet performance targets.  In an X post on Tuesday, Mangue who is also the son of President Teodoro Obiang Nguema Mbasogo, said the cabinet quit after achieving “barely 10 percent” of its goals.   “The rule is simple: public responsibility has to come with results,” he said.   “The state puts significant human, material and financial resources at the disposal of the government to address the needs of the population.     “So the degree of execution achieved is clearly insufficient in relation to the expectations and commitments undertaken.”   Mangue did not specify what targets were set.   Mbasogo has been in power since 1979, making him the world’s longest-serving leader.     He appointed the outgoing government, which is tasked with administrative coordination, in 2024, with Manuel Osa Nsue Nsua as prime minister.   Nsua previously led the National Bank of Equatorial Guinea for more than a decade and was charged with implementing economic reforms that would benefit the poorest populations.   However, two years on, the country’s economy has continued to experience a prolonged slowdown driven by declining oil production, lower investment levels, and external shocks.   Equatorial Guinea is heavily reliant on petroleum, with oil and gas accounting for most of its exports and revenues.   In a statement, the ruling Democratic ‌Party ⁠of Equatorial Guinea (PDGE) said the president was dissatisfied with the management of the outgoing government.   Mbasogo said the government had not implemented policies to diversify the economy especially in the agricultural sector, which would cut reliance on imported goods that can be produced locally.   A new government is expected to be appointed.

17 hours ago