Business
Yemi Kale Advises Nigeria to Use Bank Recapitalisation to Address $120 Billion Trade Finance Deficit
Dr. Yemi Kale, Afreximbank's Group Chief Economist, has urged Nigeria to leverage its ongoing bank recapitalisation efforts to bridge the continent's significant trade finance gap, estimated between $80 billion and $120 billion annually. He highlighted that stronger bank capital is crucial for financing domestic producers and accelerating intra-African trade under the AfCFTA.