Nigeria’s Finance Minister Ms Kemi Adeosun has been elected as Chairman of Afrexim Bank. Congrats to her.
One of the aims of Afrexim Bank is to promote trade between African countries.
This task has not been easy to meet. In fact, Africa has not made much progress here. It is easier for so many African countries to trade with European countries than with their next door neighbours.
We hope that Ms Adeosun’s chairmanship of the bank will significantly correct this anomaly.
There are so many opportunities for trade between African nations that have not been properly exploited. For instance, is there any reason why Innoson cars are not competing favourably with cars from other continents that have been imported to Africa? No.
What of Aba made clothing and apparels?
Ms Adeosun should use her good offices to change the current negative trading dynamics of African trade. She can write her name in gold.