equatorial guinea, where does the money go?

Equatorial Guinea is the third largest oil producer in Africa, right after Nigeria and Angola. Equatorial Guinea also has just over half a million people. It therefore defies logic that this country should still have many of its people living in squalid conditions. This country ranks 121st out of 177 on the UN Human development Index, even though it has a per capita income (PPP)  of 50,200 (CIA Factbook) – only second to Luxembourg in the entire world! Why are many Equatorial Guineans still dirt poor, dying from treatable illnesses and ignorant? Where is Teodore Obiang Nguema Mbasogo taking all the oil money?

This is a shame to the continent and to Obiang and his cronies. It is high time African leaders became their own keepers and fostered a culture of intra-continental competition rather than their old-school collusion to steal all they can from the poor and dying, as is happening in this fabulously wealthy country. This is especially important now that the EU and the US – because of competition for resources with China – have decided, like the latter, to turn a blind eye to gross injustices like this one.

With a total population smaller than those of most African capitals, and with all the oil money, how hard can it be to keep track of everyone and ensure that all Equatorial Guineans are well fed, educated and healthy?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.