Niger is a landlocked country in West Africa covering 1,266,700km2, ranking as the 19th largest in the world by land area. The terrain is mainly desert with arable land in the South West and South East of the country and its economy is focused around subsistence agriculture and raw commodity export

Niger key statistics

28.1m

Population1

US$19.6bn

GDP1

10%

2024 GDP growth1

 US$698

GDP per capita1


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Potential of the oil industry in Niger


Hydrocarbons have become the driving force of the Nigerien economy with hydrocarbon revenues reinvested in basic social sectors, such as public health, education, agriculture and infrastructure. Niger has significant geological potential, but to date this has been largely under-explored:

  • 90% of the territory is covered by two sedimentary basins (the Western Basin and the Eastern Basin), with most of the exploration having been focused in the Eastern Basin;
  • Despite the recent exploration successes in the Agadem and Kafra Basins, where the majority of the discoveries were made in the shallowest Tertiary sequence, the Eastern Basins remain largely under-explored. Significant potential exists in the adjacent basins and the deeper Cretaceous sequence; and
  • There has been little exploration in the east of the country due to the previous absence of export solutions and lack of technical data.
  • In 2024 Niger achieved first oil exports through the 1,950 km Niger-Benin oil export pipeline. 

Read more about our geology

1. Source: IMF Datamapper, 2024.