Housing Finance in Niger


This profile is also available in French here.

To download a pdf full version of the 2020 Niger country profile, click here.

Niger is one of the least developed countries in the world with extreme poverty at 41.4percent affecting about 9.5 million people. The Sahelian country is rich in mineral resources (limestone and gypsum) used in the manufacture of cement. Niger’s economy is mostly driven by agriculture which is 40 percent of its gross domestic product.

Niger whose population grew by 3.8  in 2020 has a population of about  24 million with majority living in rural areas. Access to basic urban infrastructure including roads, electricity, drinking water are lagging making the living conditions in urban areas a challenge. Urban growth and the expansion of cities has often taken place without urban planning. An estimated 70 percent of the urban population is living in slums. Traditional constructions known as terra cotta or banco (clay and straw) houses are in the majority throughout the country.

Niger has 14 commercial banks including four branches, four financial institutions, three financial and consulting institutions and 37 microfinance institutions. The banking sector which started about 10 years ago is fairly new and its penetration is still low (0.6 percent). Only 1.73 percent of urban households can access affordable housing.  Less than five percent of the population uses financial products and only 15.5 percent of adults over 15 have a bank account, compared with an average of 42.6 percent in Sub-Saharan Africa.

Niger’s wealth in mineral resources limestone and gypsum offers opportunities in the construction industry. More so, affordable housing for both rental and purchase is in high demand in Niger. Partnerships between commercial banks or microfinance institutions and workers’ unions are interesting opportunities, such as the partnership between Ecobank and the National Union of Teachers of Niger to finance an affordable housing development programme for teachers.

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 20202 edition, which has up-to-date profiles for 55 African countries.

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