The consequences of the economic sanctions in Niger are increasingly felt in the daily life of the population. Since their implementation by the Economic Community of West African States (ECOWAS) on July 30, Nigeriens have faced rising food prices and a shortage of certain basic necessities.
In the country’s economic capital, Maradi, residents have started stocking up on rice and pasta, while the prices of these starchy foods have risen by almost 2,000 CFA francs in a few days. Throughout the country, other food products, such as potatoes, tomatoes or parsley, are starting to run out due to Niger’s dependence on imports from Nigeria and Benin.
In addition to these economic difficulties, Niger must also deal with the suspension of disbursements by the World Bank, which represents a considerable shortfall for the country. In 2021, the organization has already disbursed $730 million to Niger, making it one of the most supported countries in West Africa.
This suspension of aid comes on top of that of other countries, such as France, Germany and the European Union, which have suspended their development aid programs. These sanctions are likely to have a significant impact on Niger’s economy, which is highly dependent on international aid. Indeed, according to the Organization for Economic Co-operation and Development (OECD), external donations and international support represent a quarter of public expenditure in Niger.
Faced with this situation, Nigeriens are preparing for difficult weeks. However, despite these difficulties, it is important to point out that the United States and the International Monetary Fund (IMF) have not suspended their aid, which could bring some relief.
It is essential that the international community take into account the real consequences of these sanctions and seek solutions that can minimize the repercussions on the population of Niger. Without this, the economic and social situation of the country risks deteriorating further, jeopardizing the living conditions of Nigeriens