🇬🇦GabonCentral Africa
Gabon's FDS calls for oil revenue to benefit citizens amid rising prices
via Gabon Review4 hours ago4 min read
The Democratic Socialist Front FDS is urging the Gabonese government to use increased oil revenues, spurred by international tensions, to benefit the population. During President Brice Clotaire Oligui Nguema's visit to Ogooué-Maritime province from April 12 to 13, 2026, the FDS emphasized directing additional oil revenues towards priority social investments. François Binet, National Secretary for Economy, and Jean-Pierre Antchoue, Vice-President for Diaspora and International Affairs, both FDS executives, view the current international climate as a significant economic opportunity for Gabon. Since February 2026, Middle East tensions have caused oil prices to rise from $72 to nearly $120 per barrel, an increase of over 60%, before a slight correction. The FDS believes this fluctuation should provide Gabon, the fourth-largest sub-Saharan African oil exporter, with additional budgetary margins and improve its trade balance. The party, part of the presidential majority, calls for these exceptional revenues to be channeled through a revised finance law towards urgent social needs. Identified priorities include sustainable access to drinking water and electricity, reduced transport costs and essential goods, rehabilitation of health infrastructure, and regular payment of scholarships and social allowances. The FDS asserts these measures are crucial to address the growing pressure on household purchasing power and improve living conditions, particularly in Ogooué-Maritime, a strateg
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Original source
This summary was AI-generated from a story originally published by Gabon Review.
