Nigeria’s economic hardship coupled with capital flight and declining investor confidence are products of policies introduced without “adequate safeguards”, according to Yemi Kale, chief economist at the African Export-Import Bank.
The chief economist stressed that policymakers must shift its focus from merely creating government policies to effectively implementing them in a way that builds public trust.
“Most of Nigeria’s economic hardship is not caused by unforeseen events but by policies introduced without adequate safeguards,” Kale said at the 2025 Vanguard Economic Discourse themed, “Nigeria’s Economic Outlook 2025: Hardship and Pathways to Sustainable Recovery,” in Lagos.