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Equatorial Guinea cabinet resigns after failing to meet performance goals
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Equatorial Guinea cabinet resigns after failing to meet performance goals

Vanguard Nigeria about 2 hours 2 mins read
Equatorial Guinea cabinet resigns after failing to meet performance goals

The government of Equatorial Guinea has resigned after failing to meet key performance targets set by President Teodoro Obiang Nguema Mbasogo, according to Vice-President Teodoro Nguema Obiang Mangue.

Mangue, who is also the president’s son, announced the resignation of the federal executive council in a post on X on Tuesday, revealing that the cabinet had achieved only a fraction of its objectives.

“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.”

The vice-president, however, did not specify the exact targets the government had failed to achieve.

President Teodoro Obiang Nguema Mbasogo, who has ruled the Central African nation since 1979 and is widely regarded as the world’s longest-serving head of state, appointed the outgoing administration in 2024.

The cabinet, headed by Prime Minister Manuel Osa Nsue Nsua, was tasked with coordinating government activities and implementing reforms aimed at improving economic conditions, particularly for low-income citizens.

Before his appointment as prime minister, Nsua led the National Bank of Equatorial Guinea for more than a decade and was expected to drive economic reforms designed to benefit the country’s poorest communities.

Despite those expectations, Equatorial Guinea’s economy has continued to struggle over the past two years, facing a prolonged slowdown linked to falling oil production, declining investment and external economic pressures.

The country remains heavily dependent on petroleum, with oil and gas accounting for the bulk of government revenue and export earnings.

In a statement, the ruling Democratic Party of Equatorial Guinea (PDGE) said the president was dissatisfied with the performance and management of the outgoing government.

According to the party, Mbasogo faulted the administration for failing to advance policies aimed at diversifying the economy, particularly in agriculture.

The president argued that stronger investment in agriculture would help reduce the country’s dependence on imported goods that could be produced domestically.

A new government is expected to be appointed in the coming days as authorities seek to revive economic growth and improve policy implementation.

The post Equatorial Guinea cabinet resigns after failing to meet performance goals appeared first on Vanguard News.

This article was sourced from an external publication.

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