Equatorial Guinea’s government has stepped down after failing to meet key performance targets, according to Vice-President Teodoro Nguema Obiang Mangue.
The vice-president, who is also the son of President Teodoro Obiang Nguema Mbasogo, said the prime minister submitted the resignation of the entire cabinet after the administration reportedly achieved less than 10 percent of its objectives.
While specific targets were not disclosed, officials from the ruling Democratic Party of Equatorial Guinea (PDGE) said the president was dissatisfied with the government’s performance, citing concerns over corruption, misuse of public resources, and slow implementation of development projects.
The presidency also expressed concern over the country’s continued dependence on oil revenues and the lack of progress in diversifying the economy, particularly in the agricultural sector.
President Obiang, who has led the Central African nation since 1979, is expected to appoint a new government in the coming days.
Despite its significant oil and gas resources, Equatorial Guinea has struggled with economic challenges in recent years as declining oil production and demand have affected national revenues. Many citizens have also continued to face economic hardship despite the country’s natural wealth.
