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Niger: The economy heavily affected by terrorism and the decline in growth

02/08/2021
Categories: Economy/Forex

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Niger's economy is one of the most affected by the health crisis. In addition, the impact of the pandemic has aggravated the impact of insecurity on production and amplified the number of Nigeriens who are falling into very great precariousness.

The World Bank draws an alarming conclusion for Niger. This Sahelian country is seeing its economy weighed down by the coronavirus pandemic and the persistence of terrorist attacks. Its growth fell from 5.9% in 2019 to 3.6% in 2020. This is not a spectacular fall, but in the case of Niger, it resulted in the displacement of 400,000 people into poverty. extreme, according to the World Bank. The institution warns that this number could increase, with 200,000 additional poor people, due to high population growth.

The other major problem remains insecurity. Since 2015 already, the closure of several markets to cut off the sources of supply for the jihadists has contributed to the slowdown of the real economy locally. But the recovery could come this year, hopes the World Bank, which is counting on a 5.5% rebound in the Nigerien economy, under the impetus of the reopening of the border with Nigeria.

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