Equatorial Guinea’s government has resigned after failing to meet its objectives, Vice-President Teodoro Nguema Obiang Mangue has announced.
Obiang, who is also the son of President Teodoro Obiang Nguema Mbasogo, said the prime minister had presented the resignation of all members of the government because it had barely achieved 10% of its targets.
He did not specify the targets, but a statement by the ruling party said the president had observed that the government fostered corruption and failed to diversify the economy.
President Obiang, who has ruled the oil-rich West African country since 1979, appointed the outgoing government in 2024, with Manuel Osa Nsue Nsua as prime minister.
The vice-president said the resignation was in line with “the principle that responsibility in public management must be accompanied by results.”
“The degree of execution achieved is clearly insufficient in relation to the expectations and commitments undertaken,” he posted on X.
In a statement, the ruling Democratic Party of Equatorial Guinea (PDGE) said the president was dissatisfied with the management of the outgoing government. A new government is expected to be appointed.
The statement also cited the misuse of state resources for personal interests and stagnation in the implementation of development projects.
The president further noted that the government had failed to implement policies aimed at diversifying the economy, particularly in the agricultural sector, to reduce reliance on imported goods that can be produced locally.
Equatorial Guinea’s economy is heavily dependent on petroleum, with oil and gas accounting for most of its exports and revenues.
Despite its oil wealth, much of the country’s 1.8 million population has not benefited, as poverty remains widespread. In recent years, the economy has declined amid reduced oil production and falling demand.
