Gabon’s Real Wealth Must Be Counted: Oligui Calls for Economic Reform
Let’s talk about something crucial happening in Gabon right now—something that could reshape the way the country is perceived economically, both at home and on the global stage. On June 4th, 2025, during a cabinet meeting, President Brice Clotaire Oligui Nguema made a bold and urgent call. He openly criticized the chronic underestimation of Gabon's real economic potential. According to him, the figures we rely on today—like the Gross Domestic Product (GDP)—do not reflect the true value of the nation's wealth. And honestly, he has a point.
Gabon is far richer than the numbers suggest. The country is brimming with natural resources—lush forests, abundant fisheries, untapped mineral reserves, and even carbon credit potential. Yet, these vital economic assets are either not accounted for or poorly reflected in national statistics. What President Oligui is pushing for is a complete overhaul of the macroeconomic models, so the true wealth of Gabon is acknowledged and included in official data.
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This isn't just a technical tweak—it’s a strategic move. The president has directed the Minister of Economy and Finance to initiate a thorough methodological revision of the national economic aggregates. That means working hand-in-hand with technical partners to ensure every corner of Gabon's natural capital is accurately represented. The goal is to build a more honest, comprehensive, and sustainable economic portrait of the country.
And this effort isn’t just for domestic confidence. It’s also about Gabon's positioning in the international arena. A more accurate valuation of the country's assets could boost financial credibility, attract more favorable investments, and strengthen its hand in negotiations—whether for bilateral deals, loans, or international development partnerships. In short, when Gabon shows the world its real value, it opens new doors for progress and prosperity.
President Oligui was clear: this reform will give Gabon a stronger voice and a better seat at the table. But even more importantly, it lays the foundation for smarter, better-funded public policies that are aligned with the country’s real capabilities.
Of course, some voices are already skeptical. One commentator put it bluntly: the real wealth is in the people, especially the youth, and education should be the tool to unlock that. That’s a fair point, and perhaps both perspectives need to coexist—recognizing the tangible natural wealth while investing in the human capital that will drive Gabon’s future.
What’s certain is that this reform, if done right, could mark a turning point. It’s time for Gabon’s true wealth to stop being invisible and start being counted.
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