Download business opportunities in niger - Challenge Investments Consulting

BUSINESS OPPORTUNITIES IN NIGER:
Attractive measures to make the business environment more flexible:
Niger's government has taken several steps to make it more attractive business climate. So he
proceeded to lacréation and implementation of the National Council of Private Investors
(CNIP) is a framework for public-private dialogue, the adoption of a code of flexible work
allowing freedom ease of hiring and granting work visas for foreigners or the granting of tax
benefits in the process of building and operating investments by the Investment Code, the
Mining Code and the Petroleum Code and the adoption and implementation of the Charter of
Small and Medium Enterprises (SMEs), providing benefits for companies. To promote the
development of economic activity and stimulate investment, the Nigerien authorities also
provide an opportunity for investors to arbitration of the International Centre for Settlement of
Investment Disputes (ICSID), in case of dispute , the possibility of transfer of income from
invested capital, membership of Niger to the Multilateral Investment Guarantee Agency
(MIGA), etc.. Niger has also relaxed the conditions of free access to public procurement,
transparency in procurement procedures and recourse in the Council Regulation of
Procurement. To all this must be added the adoption of the law on public-private partnership
and the establishment of a permanent secretariat operational makes it possible for investors to
make unsolicited offers of projects in public-private partnership. The Nigerian authorities
have also made the creation of the Maison de l'Entreprise, a structure of promotion and
development of Small and Medium Enterprises, reducing paperwork and delays starting a
business does not exceed three days.
Sectors which are investment opportunities in Niger: Sectors of mining and oil
Following the harmonization of the Nigerian mining code with the code of the Community
Economic and Monetary Union of West Africa (UEMOA), private lesinvestisseurs could take
a lot of profit by investing in sectors of mining and oil. The basement Niger is rich in natural
resources, including uranium, oil, gold, coal, phosphate, etc.. Unfortunately, despite this
diversity, very few of these resources remain exploited. According to the Minister of
Commerce, thirty blocks search are free. The Niger wants to spend a farm covering domestic
needs for approximately 20,000 barrels per day to 80,000 to 100,000 barrels per day with the
construction of a pipeline between the Niger and Cameroon through Chad. Through this
project, Niger now intends to export crude oil in the sub-region. For this purpose and in order
to encourage investment and to diversify partners, the Government of Niger has intensified
signing contracts with its investors. The International Monetary Fund (IMF) forecasts for
Niger improved prospects in the medium term, thanks to the increase in revenues from natural
resources, commissioning end of 2011 the oil refinery in Zinder is a real support structural
deficit in the trade balance of Niger.
The agricultural sector
Agriculture accounts for over 40% of Gross Domestic Product (GDP) of Niger. It is the main
source of income for more than 80% of Niger's population. In this important area, the crops
are a potential for agro-industry and export. Firstly, there is the onion, according to the
Ministry of Agricultural Development, production reached 384,309 tons from 2009 to 2010.
Known as the "Purple Galmi" onion Niger is, since February 2010, protected by the African
Intellectual Property Organization (OAPI). Currently representing a major source of export
earnings, the cash crop is practiced in several regions of Tahoua Niger which remains the area
of culture par excellence. With this culture, Niger now has an opportunity to develop
agriculture doubt in general and mainly agro-industrial activity. Then there cowpea whose
tonnage is estimated at 1,548,778 tons in 2008 and the potato cultivated everywhere across
the country, including Bonkoukou, a locality in the region of Tillabery, Dogon Doutchi
(Dosso) and Iférouane (Agadez region) can provide opportunities for foreign investors. As a
reminder, the recent exhibition of the potato held in Niamey by gardeners Iférouane allowed
producers to sell 3234 bags of potatoes for a turnover of approximately 80 million FCFA.
You can also keep gum arabic, nutsedge or sugar cane whose marketing provides huge
benefits to producers. With the improvement of production, cash crop that can promote the
growth of sugar factories. In addition to these crops, there is also a business opportunity for
the manufacture and marketing of products such as fertilizers, pesticides and seeds.
The livestock sector
Second activity after Nigerien agriculture, livestock carrier unsecteur wealth Niger. It
represents 11% of GDP and 35% of agricultural GDP. The sale of livestock products puts the
sector in second place after uranium. Livestock contributes to the fight against poverty. As the
main source of income, especially for rural households, its contribution to the national budget
is estimated at 15%. Today, farming is practiced by some full-time over one million
Nigerians. Thanks to its vast biodiversity, farming practice helps to cover food needs through
the provision of nutrients necessary for human development, such as meat and milk. In 2009,
the Ministry of Livestock herd was estimated at 36 million Nigerian heads of all species, a
capital stock estimated at more than 2000 billion FCFA. This sector is currently undergoing a
resurgence of interest in both the government, but also in terms of actors and development
partners.