Equatorial Guinea’s Government Resigns Amid Failed Targets

The government of Equatorial Guinea has resigned after failing to meet its objectives, Vice‑President Teodoro Nguema Obiang Mangue said in a statement released Monday.

Obiang – the son of President Teodoro Obiang Nguema Mbasogo – announced that the Prime Minister had presented the resignation of all members of the cabinet because the government had "barely reached 10% of its targets." He did not detail the specific targets, but a party statement indicated that the president was unhappy with the government’s corruption and lack of diversification of the economy.

President Obiang, who has ruled the oil‑rich West African country since 1979, has repeatedly appointed family members to senior positions, and under his regime the country has been criticised for its slow economic reforms.

The Vice‑President said the resignation aligned with "the principle that responsibility in public management must be accompanied by results" and added that "the degree of execution achieved is clearly insufficient in relation to the expectations and commitments undertaken.".

A statement on Facebook from the ruling Democratic Party of Equatorial Guinea (PDGE) echoed this sentiment and called for a new government. It condemned the misuse of state resources for personal gain and the stagnation of development projects, and called for the implementation of policies that would diversify the economy away from a heavy reliance on petrol and gas.

Equatorial Guinea’s economy is heavily dependent on petroleum, with oil and gas contributing the bulk of its export earnings. Despite this wealth, 1.8 million residents suffer from persistent poverty, and recent years have seen a decline in production and demand for oil, adding pressure on the government.

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