Niger’s oil revenue has tripled in the past four years, reaching a record 20.3 million barrels in 2024, following the nation’s increasing separation from its long-standing ties with France.
This economic surge is seen by some as a move towards greater economic independence.
The reported boom is attributed to:
Increased Oil Operations: Intensified exploration and production in key oil blocks managed by SONIDEP.
Local Skill Development: Significant investment in training Nigerien engineers and technicians at the Zinder refinery.
Resource Nationalization: Steps taken by the military leadership to gain more control over mining assets, including uranium, previously run by French firms.
The next challenge for Niger is to ensure this increased wealth translates into broad public benefit and sustainable development.
