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The Economic Impact of Niger’s Regime Change

One week after Niger’s coup and only days after some of the landlocked West African country’s neighbours imposed sanctions to punish the putschists, people are beginning to feel the economic effects. The countries of the West Africa regional bloc known as ECOWAS imposed trade and financial sanctions to put pressure on the military to return the country to democratic control. The markets are still full of goods, but shoppers say food prices are already going up. A resident of Niamey Salamatou Touré said that she used to pay $17 for a bag for rice, but on Wednesday that had already increased to $23)” “If these (bordering) countries decide to close their borders, frankly there will be an impact on the socio-economic life of Nigeriens,” said Abdoul Aziz Seyni, economist at the University of Niamey. Exacerbating problems, banking operations are mostly shut down, and there were reports that cash machines had stopped dispensing money.