(Ecofin Agency) - The government of Niger is thinking of setting an Export Processing Zone (EPZ) to attract more investment in the country. This was decided on July 26 during a council of ministers.

The EPZ is touted as a tool to unveil new economic opportunities both for the country and investors, as it allows for tax incentives. “The main reason we are creating this zone is to stimulate economic growth and reduce poverty. Developing such a zone will generate more income for the country and therefore help settle various problems related to employment and Foreign Direct Investments (FDI). The EPZ will promote Niger as a destination for investment,” an official statement said.