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Economy of Niger and business opportunities

Economy of Niger

The economy of Niger is based largely upon internal markets, subsistence agriculture, and the export of raw commodities: foodstuffs to neighbours and raw minerals to world markets. Niger, a landlocked West African nation that straddles the Sahel, has consistently been ranked near the bottom of the Human development index, with a relatively low GDP and per capital income. Economic activity centres on subsistence agriculture, animal husbandry, re-export trade, and export of uranium. The 50% devaluation of the West African CFA franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry. Exports of cattle to neighbouring Nigeria, as well as Groundnuts and their oil remain the primary non-mineral exports. The government relies on bilateral and multilateral aid - which was suspended briefly following coups d'état in 1996 and 1999 - for operating expenses and public investment. Short-term prospects depend on continued World Bank and IMF debt relief and extended aid. The post 1999 government has broadly adhered to privatisation and market deregulation plans instituted by these funders.

Niger's economy is based largely on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, a 3.4% population growth rate and the drop in world demand for uranium have undercut an already marginal economy. Traditional subsistence farming, herding, small trading, and informal markets dominate an economy that generates few formal sector jobs. Between 1988 and 1995 28% to 30% of the total economy of Niger was in the unregulated Informal sector, including small and even large scale rural and urban production, transport and services.

Agriculture

Niger's agricultural and livestock sectors are the mainstay of all but 18% of the population. Fourteen percent of Niger's GDP is generated by livestock production (camels, goats, sheep and cattle), said to support 29% of the population. The 15% of Niger's land that is arable is found mainly along its southern border with Nigeria. Cowpeas and onions are grown for commercial export, as are small quantities of garlic, peppers, potatoes, and wheat. Groundnuts, and to a lesser degree Cotton, introduced by former colonial power France in the 1930s and 1950s respectively, account for most of the world market for Nigerien industrial agriculture.

Mining

The persistent uranium price slump has brought lower revenues for Niger's uranium sector, although uranium still provides 72% of national export proceeds.

Exploitable deposits of gold are known to exist in Niger in the region between the Niger River and the border with Burkina Faso. Substantial deposits of phosphates, coal, iron, limestone, and gypsum also have been found. Numerous foreign companies, including American firms, have taken out exploration licenses for concessions in the gold seam in western Niger, which also contains deposits of other minerals.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Niger"

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This section contains economy and business opportunities and from Niger.
Niger Economy Nigerien Economy, business opportunities in Niger.
Summary:
Recruitment of an expert in gender and gender-based violence (GBV)
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
23 May 2024
Posting Date:
03 May 2024
 
 
 
Summary:
RECRUITMENT OF A SOCIAL DEVELOPMENT SPECIALIST
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
23 May 2024
Posting Date:
03 May 2024
 
 
 
Summary:
Services to cover health insurance for staff and members of the National Council for the Regulation of Public Orders (CNRCP)
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
03 May 2024
 
 
 
Summary:
Purchase Of Protection Kit (Phytosanitary Brigadier) Open New Window
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
16 May 2024
Posting Date:
03 May 2024
 
 
 
Summary:
Notice Of Justification & Approval For Ab 201, Agadez, Niger Commercial Wifi Internet
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
16 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Office extension work (ANERSOL)
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Recruitment of a firm responsible for monitoring and controlling rural road development works in the Tahoua and Maradi Regions for the Second Phase of the PMRC
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Recruitment of a firm responsible for monitoring and controlling rural road development works in the Dosso Region for the Second Phase of the PMRC
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Recruitment of a firm responsible for monitoring and controlling rural road development works in the Zinder Region for the Second Phase of the PMRC
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Recruitment of a firm responsible for monitoring and controlling rural road development works in the Tahoua Region for the Second Phase of the PMRC
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
02 May 2024
 
 
 

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