- published: 28 Dec 2014
- views: 4908
The economy of Niger is based largely upon internal markets, subsistence agriculture, and the export of raw commodities: food stuffs to neighbors and raw minerals to world markets. Niger, is a landlocked Sub-Sahara African nation, and over the past two decades has consistently been ranked near or at the bottom of worldwide indexes of the Human development index, GDP, and percapita 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 neighboring 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 coup d'états in 1996 and 1999 - for operating expenses and public investment. Short-term prospects depend 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 (French pronunciation: [niʒɛʁ], but occasionally pronounced as /niːˈʒɛər/ or i/ˈnaɪdʒər/), officially the Republic of Niger, is a landlocked country in Western Africa, named after the Niger River. It borders Nigeria and Benin to the south, Burkina Faso and Mali to the west, Algeria and Libya to the north and Chad to the east. Niger covers a land area of almost 1,270,000 km2, making it the largest nation in West Africa, with over 80 percent of its land area covered by the Sahara desert. The country's predominantly Islamic population of just above 15,000,000 is mostly clustered in the far south and west of the nation. The capital city is Niamey, located in the far southwest corner of Niger.
Niger is a developing country, and consistently ranks as one of the lowest ranks of the United Nations' Human Development Index (HDI), 186th of 187 countries in 2011. Much of the non-desert portions of the country are threatened by periodic drought and desertification. The economy is concentrated around subsistence and some export agriculture clustered in the more fertile south, and the export of raw materials, especially uranium ore. Niger remains handicapped by its landlocked position, desert terrain, poor education and poverty of its people, lack of infrastructure, poor health care, and environmental degradation.
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