Bloomberg News

Niger Forecasts Average Economic Growth of 7% Through 2016

July 17, 2011

(Updates with president’s comment in third paragraph.)

July 17 (Bloomberg) -- Niger plans to post average economic growth of about 7 percent during the next five years, according to President Mahamadou Issoufou.

The West African nation is also targeting an inflation rate of about 3 percent during that period, Issoufou said yesterday during a live debate on state-owned broadcaster Télé Sahel.

“We are now recording success,” said Issoufou, who’s celebrating his first 100 days in power. “My government wants to reverse the trend with a program based on a steady average of 7 percent and an average inflation rate of 3 percent over the period of my mandate to modernize the economy, accelerate growth and ensure its equitable distribution.”

Growth remains “very volatile,” Issoufou said. Gross domestic product expanded 9.6 percent in 2008 and shrank 0.9 percent in 2009 before rising 8 percent last year, he added.

--Editors: Jeffrey Donovan, Alastair Reed

To contact the reporter on this story: Djibril Saidou via Accra at ebowers1@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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