The National Lightning, ranked 151st in the world, have qualified as co-hosts of the tournament along with Gabon, and will face a tough battle to get anything from their meeting with Libya - so much so that the son of long-standing president Teodoro Obiang Nguema has offered a reported prize of US$1 million to be shared among the squad should they win the match.
Further prizes of US$20,000 have been offered for each goal in the match.
Wealthy supporters aside, a team of Equatorial Guinea's resources would expect to struggle in the tournament to begin with, but their preparations were rocked when coach Henri Michel quit last month, giving replacement Gilson Paulo little time to prepare since his appointment a little over a fortnight ago.
Whether or not the prizes are enough to spur the hosts on, Libya coach Marcos Paqueta has insisted his side do not need outside incentives.
"They use money, I use mentality," the Brazilian told BBC Sport.
"I have to change the mentality for football in Libya, not just for a few games or for one championship but for the future."
Libya's players are emerging from the personal upheaval they experienced during the regime change that took place in the country at the end of last year, and may welcome the chance to concentrate on their sport.
"Some players fought in the war, some were afraid for their families [but] I use some strategies to keep them thinking only about football," the coach said.
Despite everything they have come through, Paqueta believes they can aim high in this tournament.
"I always ask the players why they are playing - there are many reasons: for the people, the country, the story," he said.
"So I make an agreement with the players - first they think about qualifying, after that you go step by step, quarter-final, semi-final, maybe the final.
"It's a dream - you have to remember your dreams but keep your feet on the floor."