When he assumed office in 2010, Guinea’s president, Alpha Conde, vowed to clean up the country’s notoriously corrupt mining sector. Yet recent riots and reports of violent evictions underscore the fact that there is little to show for the state’s efforts to help ordinary Guineans profit from mineral riches.
Nigeria’s expansive but untapped mineral wealth is no secret. With sagging global oil prices and an ongoing local insurgency in the oil-rich Niger Delta, Nigerian President Muhammadu Buhari’s administration is moving to develop plans to diversify the economy, with its sights set on the mining sector.
A recent call for a vote of no confidence in Chad’s government over its management of the country’s oil wealth shows the level of anger at a deepening economic crisis. As with other oil-producing countries, Chad has waited in vain for prices to recover as two years of economic turmoil have taken their toll.