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Niger is a country located in western Africa, has an area of 1,267,000 km² and a population of about 21 million as of 2021. It is limited to the North by Algeria and Libya, to the East by Chad, the South by Benin and Nigeria, and the West by Mali and Burkina Faso. Extractive activities play a significant role in Niger's economy, with uranium, oil, and gold accounting for 8% of GDP and about 50% of the country's export earnings. GDP growth in Niger is 6.0% in 2021 compared to 1.2% in 2021 .In 2019 Niger Exported $852 million in commodities, with gold accounting for 53% of the export earnings. Niger have been implementing pro export diversification policies and international investors friendly policies to increase its per capita growth rate target of 0.9 to 1.8

Quick Facts


Primary Mineral

> 70,000 MT

Estimated Reserves


Tax Benefits


Resource Businesses

Niger was the world’s Sixth-largest producer of uranium in 2019. It also has considerable gold, iron, coal, and oil; exporting mostly to the United Arab Emirates, China, France, Pakistan, and Burkina Faso. The mining sector is a vital sector of the country, representing 8% of GDP. There is only one industrial mining company, according to IMF, which has since 2017 produced up to 1.3 tons of gold; the rest of the gold mining is occupied by artisanal gold miners, which are rapidly growing. Oil production began in 2011 and intensified following the expansion of the Agadem project by China National Petroleum Corporation (CNPC) and several discoveries by Algerian state-owned enterprise SONATRACH and Savannah Petroleum. Between 1960 and 2008, 42 exploration holes were drilled. Research activities became intensive from 2008 onwards, following the signing of the Production Sharing Agreement between Niger and CNPC.

The hydrocarbon potential of Niger is linked to two large basins covering 90% of the national territory. The Western basin (Iullemeden basin) and The Eastern basin (Chad basin), an oil pipeline of 2000km led by China is under construction estimated to be completed in 2023 will link the country’s oil fields to the Beninese maritime coast and to increase the country’s oil production from 20,000 barrels per day to 97,000 once construction is completed. Niger’s uranium potential is currently exploited by two Nigerian companies, Somaïr and Cominak, both of which are operated by Areva, a French multinational corporation. Areva’s global annual revenues of more than EUR 8.33 billion exceed Niger’s total GDP of US $8.2 billion in 2018. Contrary to gold production, which is doing well, uranium production will fall in 2021 with the expected closure of the Akouta mine, one of the country’s two mines. Niger rejoined the Extractive Industries Transparency Initiative (EITI) in February 2019 and achieved EITI compliant status in 2020.

The country benefits from access to a market of over 350 million consumers and a pivotal position in between Northern Africa and Sub-Saharan Africa. The country also shares 1500 km of borders with Nigeria, Africa’s leading economy and one of ECOWAS main actors.

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