The Group Chief Economist and Managing Director at the African Export-Import Bank, Dr. Yemi Kale, said that Nigeria’s economic challenges are largely due to flawed domestic policies rather than external shocks.
In his keynote address at the 2025 Vanguard Economic Discourse held in Lagos,, he urged a shift from reactive crisis management to proactive governance, highlighting the social toll of economic mismanagement. Dr. Kale criticized populist measures for offering short-term relief at the cost of long-term instability and warned that inflation and capital flight are clear indicators of poor governance. He concluded by stressing the need to treat economic disruption as a social emergency.
The annual event, themed “Nigeria’s Economic Outlook 2025: Hardship and Pathways to Sustainable Recovery,” convened key stakeholders to explore sustainable economic solutions.
