Niger is surrounded by various African countries namely Algeria, Libya, Nigeria, Benin, Chad, Burkina Faso, and Mali. The country’s strength in certain sectors is noticeable such as petroleum, agriculture, gold. According to statistics, the GDP of Niger is forecast to trend around $ 15 bn in 2022 and $16.50 bn in 2023, creating more opportunities to develop some sectors such as agriculture, construction, mining, and other service sectors.
As companies expand their operations to Niger, they are faced with a few challenges to understand the local policies, laws, and cultural norms of the country to establish their employment outsourcing initiatives. This is where Africa HR Solutions can help clients with their HR outsourcing strategy by devising a tailored and comprehensive service, including Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing among others, to fulfill all the business objectives in line with the organisation’s Niger HR outsourcing plans.
Country Profile - Niger
Population: 22.4 mn
Gross Domestic Product (GDP): $13.68 bn
GDP Growth: 5.2%
Foreign Direct Investment (% of GDP): 5.0%
Unemployment Rate: 0.3 %
Currency: West African CFA franc
Niger is the 6th largest uranium producer in the world. The country exports petroleum and gold too and engages itself in agriculture and infrastructure development. Niger forms part of various memberships, including the West African Economic and Monetary Union (WAEMU) as well as the Economic Community of West African States (ECOWAS). Niger is experiencing a rapid increase in its population rate, leading somehow to poverty. However, measures are in place to rebound from the pandemic, and certain sectors such as construction, mining, agriculture, and other service industries will witness sustained growth.
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