Oil is a curse if you’re corrupt, says Museveni

Museveni touring oil ports in Guinea

Equatorial Guinea President Teodoro Obiang Nguema Mbasogo over the weekend hosted President Yoweri Museveni and his delegation to a State Dinner at the Presidential Palace in Malabo, Equatorial Guinea’s capital city.

Speaking at the end of the State Dinner hosted in his honour, President Museveni praised the government of Equatorial Guinea for using well its oil resources, especially in setting up infrastructure.

“I congratulate Equatorial Guinea for using the oil and gas very well. Some people say oil and gas are curses but in Equatorial Guinea it is a blessing, not a curse,” said President Museveni.

“It is only a curse if you are corrupt, not focused and do not use that perishable resource strategically and correctly,” said President Museveni, who added that Uganda would copy some of the best practices since it has also discovered oil.

Equatorial Guinea, which discovered oil in 1996, is currently the third largest producer of oil in Sub-Saharan Africa, averaging 340,000 barrels a day.

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Oneness of Africa

Noting that the Bantu people of Africa originated from around Equatorial Guinea and Cameroon, President Museveni said his presence and that of his delegation was to reaffirm the oneness of the African people.

“The people of Africa are either similar or linked and it is crucial we use this oneness to build strength and prosperity,” he said.

Museveni touring oil ports in Guinea

“The only problem we have now is limited infrastructure to link us. The easiest way is to start with air transport and telephones. But eventually, we must then solve the problem of the railway from the Indian Ocean to the centre of the continent.”

He said a railway from the port cities of Mombasa, Dar-es-Salaam or Doula to the heartland of the continent, would greatly advance this cause.

According to President Museveni, his visit to Equatorial Guinea, therefore, was hinged on two targets; looking at how to support prosperity of each other but also focus on the question of strategic security.

Africa in the past, said President Museveni, had issues of independence and democracy. However, with independence of South Africa in 1994, those hurdles were cleared and now focus was on prosperity and security.

Obiang grateful

On his part, President Obiang Nguema Mbasogo thanked his guest for honouring his invitation, saying the two countries were steadily growing their bilateral and multi-lateral ties catalyzed by shared political similarities.

“At a political level, we believe in defence and sovereignty of our nations. We also believe in Pan-Africanism for self-determination and reliance,” he said, adding that the countries also shared economic and technological ties.

It is these similarities that had encouraged the two countries to sign cultural, science and technological agreements to create a stable welfare for both of them, said President Obiang.

The Equatorial Guinea leader visited Uganda in April this year and the two countries signed bilateral agreements to cover the fields of cultural, technological and foreign affairs cooperation.

President Museveni’s four-day visit will see him tour the Port of Malabo, the Punta Europa Oil Refinery, inspect the Port of Bata, visit the Afro-American University in Djibloho and the High Institute of New Technologies there.

The Ugandan delegation includes the Energy Minister, Hon. Irene Muloni, International Affairs State Minister, Hon. Okello Oryem and Land Forces Commander, Maj Gen Peter Elwelu, among others.

Later, President Mbasogo hosted a banquet in honour of President Museveni and his delegation at the people’s Palace in Malabo. It was further flavored with a variety of music and dance from Equatorial Guinea.



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