This small West African nation (population 500,000) was a forgotten
dictatorship until major reserves of oil were found in 1995. Since
then, US oil companies have poured billions of dollars into the country.
Although the per capital annual income is $4,472, 60% of
Equatoguineans live on less than $1 a day. The bulk of the oil income
goes directly to President Obiang, who has declared that there is no
poverty in Guinea, rather that the people are used to living in a
different way. In July, state radio announced that Obiang is “in
permanent contact with the Almighty,” and that “He can decide to kill
without anyone calling him to account and without going to Hell.”
There is no public transport, no newspapers, and only 1% of government spending goes to health care. When asked why so much of his nation’s oil money is deposited into his personal account at the Riggs Bank in Washington, DC, Obiang explained that he keeps total control of the money in order to ‘avoid corruption’.
There is no public transport, no newspapers, and only 1% of government spending goes to health care. When asked why so much of his nation’s oil money is deposited into his personal account at the Riggs Bank in Washington, DC, Obiang explained that he keeps total control of the money in order to ‘avoid corruption’.
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