The finalization of the Kandadji dam should allow Niger to break out of energy dependence, which results in untimely power cuts during periods of high heat, and to raise its electrification rate, which is currently around 19%, the lowest in the UEMOA region. Thus, Niger intends to inject 300 billion FCFA into the Kandadji dam project

On 20 April, the Parliament of Niger approved the bill authorizing the ratification of a financing agreement for the Kandadji project. This agreement, which consists of two parts, should allow a total of approximately 300 billion euros to be injected into the construction of this energy infrastructure. The financing agreement in question was signed on September 04, 2020 in Niamey between Niger and the International Development Association (AID). It consists of a loan of 92 million euros, or about 60 billion CFA francs, and a grant of 36,600,000 SDR, or about 238 billion CFA francs.
With a total estimated cost of around 700 billion CFA francs, the Kandadji project is financed by the African Development Bank, the World Bank, the Islamic Development Bank and the French Development Agency. It should be able to irrigate thousands of lands for agricultural purposes and be a response to chronic food insecurity