Niger has announced a cut in fuel prices to help bolster its economy, which is still recovering from the aftermath of a political crisis following a military takeover last year.
It comes ahead of the first anniversary of the coup d’etat that ousted President Mohammed Bazoum, who is still in detention.
Reducing fuel prices from 540 CFA to 499 CFA and diesel from 668 CFA to 618 CFA is meant to ease the economic hardships caused by the political crisis.
Niger’s economy took a hard blow when its West African neighbours-imposed sanctions after the coup. Fortunately, those sanctions have been lifted, and the previously suspended international aid has resumed.
Last week, the International Monetary Fund announced a $71 million disbursement to help bolster the country’s economy.