Equatorial Guinea’s entire cabinet has resigned, reportedly due to the government’s failure to achieve established performance goals. The move comes as the nation grapples with an economy heavily reliant on oil and gas, which constitute the majority of its revenue and exports. Details regarding specific targets and the extent of the shortfall remain limited. This mass resignation signals potential challenges in diversifying the country’s economy beyond its dependence on fossil fuels. The government has not yet announced replacements for the outgoing ministers. This development raises questions about the future direction of economic policy in Equatorial Guinea. The resignation was reported by Vanguard News and highlights the pressures facing the administration to deliver economic results.
