Housing Finance in Niger


This profile is also available in French here.

To download a pdf full version of the 2019 Niger country profile, click here.

Niger’s economy continues to show progress, as illustrated by the different urban infrastructure programmes realised under President Issoufou Mohammadou to modernise the country and transform many of its regional capitals into modern cities. In 2019, a new airport was unveiled, major roads were completed, and presidential hotels, commercial buildings and official residences were constructed to host dignitaries during the African Union Summit in July 2019 in Niamey. Furthermore, the country’s formal financial sector is relatively in good shape and is regulated by the West African Economic and Monetary Union’s (WAEMU) central bank, La Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO). As of December 2018, Niamey had 12 commercial banks, with branches concentrated in some of the other big cities.

Prior to 2000, the government of Niger offered housing loans and subsidised homes to government employees through a public and private-owned credit and loan institution known as Crédit du Niger (CDN) and through a government-owned housing development company called Société Nationale d’Urbanisme et de Construction Immobilière (SONUCI). SONUCI is still operational but CDN was liquidated and replaced in 2011 by BHN, which was incorporated with capital worth CFA10 billion (US$17.2 million) together with Caisse Nationale de Sécurité Sociale. Apart from BHN and other commercial banks, private but informal housing developers use private capital to build houses for rent to both low income and high income households.

However, there are no recent statistics on the number of registered companies in the construction industry, with only those registered with the chamber of commerce identified (27), and this is because the sector is dominated by informal enterprises.  The majority of those enterprises function in the roads and urban infrastructure sector.

Find out more information on the housing finance sector of Niger, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2018 edition, which has up-to-date profiles for 54 African countries.

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