Source link : https://earth-news.info/general/niger-will-be-africas-fastest-growing-economy-in-2025-says-world-bank-peoples-dispatch/
The World Bank has projected Niger to be Africa’s fastest-growing economy in 2025, signaling a promising turnaround for the landlocked West African nation. Despite longstanding challenges such as security concerns and infrastructural deficits, Niger’s robust economic performance is expected to outpace its regional peers, driven by developments in agriculture, mining, and investments in energy. This optimistic forecast highlights the country’s potential as a rising economic force on the continent.
Niger’s Economic Surge Driven by Agriculture and Mining Expansion
The recent economic upturn in Niger is largely fueled by substantial growth in its agricultural and mining sectors. The country’s expansive arable land coupled with favorable climatic conditions has enabled a significant increase in crop production, especially millet, sorghum, and cowpeas, which are staple foods domestically and in neighboring countries. Investments in irrigation and modern farming techniques have bolstered yields, driving rural incomes and contributing to broader economic stability. Additionally, the government’s emphasis on supporting smallholder farmers with access to finance and improved infrastructure has catalyzed this surge.
Parallel to agriculture, Niger’s mining industry is witnessing an unprecedented expansion, particularly in uranium and gold extraction. The country boasts some of the largest uranium reserves globally, which are attracting foreign direct investment and…
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Author : earthnews
Publish date : 2025-09-05 07:50:00
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