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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:
Development works on 79.972km of rural roads in the regions of Tahoua and Maradi for the second phase of the PMRC, in three (3) distinct lots
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Development works on 22,138 km of rural roads in the Tahoua region for the second phase of the PMRC, in one (1) lot
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Development works on 60.31km of rural roads in the Zinder region for the second phase of the PMRC, in two (2) separate lots
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Development works on 22,242 km of rural roads in the Dosso Region for the second phase of the PMRC in one (01) lot
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of a firm responsible for developing and deploying the MRV system
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of a firm to develop the FACI implementation and management model
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of an NGO specializing in GBV to conduct awareness-raising, training and community consultations around GBV/EAS/HS on behalf of the PGIP and PISEN
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Recruitment of individual consultant for the monitoring and control of the work of carrying out two (02) irrigated areas using high flow solar drilling for the benefit of women's and youth organizations in the municipalities of Tajaé (region of Tahoua), Loga (Dosso region) in Niger.
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Work to build two (02) irrigated areas using high-volume solar drilling for the benefit of women's and youth organizations in the municipalities of Tajaé (Tahoua region), Loga (Dosso region) in Niger
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
11 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Itb N°Hcr_Ner_Sup_001_2024 Supply And Delivery Of Tires Open New Window
Country:
Niger
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
22 Mar 2024