The Nigerien government has announced new fiscal measures aimed at revitalizing the economy and increasing the purchasing power of its citizens.
The recently adopted measures include "the introduction of a capital gains tax on the transfer of mining titles; the relaxation of taxation for professional taxes on private educational institutions and payment modalities; and the removal of the two-year tax exemption granted to newly registered businesses under the synthetic tax regime." This was detailed in a statement from Niger's Ministry of Economy and Finance.
Other measures outlined by the government include "the application of value-added tax (VAT) to online sales; the exclusion of the journalism profession from taxation; and the exemption of new vehicles intended for the transport of goods or passengers from all import duties and taxes, except for statistical fees and community levies."
These fiscal reforms are part of the 2025 budget adopted by the Nigerien government, which is balanced in revenues and expenditures at $4.78 billion.
In 2023, Niger faced commercial and financial sanctions from ECOWAS and UEMOA following the military coup that brought General Abdourahamane Tiani to power. These sanctions significantly impacted the country’s economic activities.
"GDP growth fell to 2% in 2023, compared to pre-crisis projections of 6.9%, and later 12% in 2024, driven by anticipated large-scale oil exports with the commissioning of the oil pipeline by the end of 2023," the World Bank reported.
