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Niger economy to grow 15 pct in 2012: president

LONDON (Reuters) – Niger expects its resource-rich economy to grow 15 percent in 2012, President Mahamadou Issoufou said on Tuesday, citing forecasts from the IMF and the World Bank.

Niger's President Mahamadou Issoufou talks during the UNCTAD XIII opening ceremony in Doha April 21, 2012. REUTERS/Mohammed Dabbous
Niger's President Mahamadou Issoufou talks during the UNCTAD XIII opening ceremony in Doha April 21, 2012. REUTERS/Mohammed Dabbous

Oil and mining exports by the West African country, which is a top world uranium producer although its population remains among the poorest on the planet, are projected to increase rapidly in the coming five years, according to the IMF.

Issoufou gave the growth forecast, which compared with estimated 3.8 percent GDP growth in 2011, at an event in Chatham House in London.

Niger joined the ranks of Africa’s oil producers late last year following a $5 billion joint venture deal with China National Petroleum Corporation (CNPC).

 

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Niger economy to grow 15 pct in 2012: president

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