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Sanwo-Olu Highlights Role of Subnational Entities in African Agenda at Afreximbank Annual Meetings

 

Governor Babajide Sanwo-Olu of Lagos State delivered the closing remarks at the 31st Afreximbank Annual Meetings and the 3rd AfriCaribbean Trade and Investment Forum (ACTIF) 2024, emphasizing the critical role of subnational governments in propelling the African agenda forward, using Lagos State as a prime example.

During his address, Governor Sanwo-Olu underscored Lagos State’s success in internal revenue generation and strategic partnerships, which have transformed the state into a hub for investment and technological advancements.

He highlighted the African Continental Free Trade Area (AfCFTA) as a landmark initiative requiring concerted efforts from both national and subnational levels to achieve its vision of a unified trade channel across Africa.

“Lagos State has demonstrated the importance of subnational governments in shaping the African narrative. With a strong focus on internal revenue generation and strategic partnerships, we have become a hub for investment and technological advancements,” Sanwo-Olu stated.

He further elaborated on the state’s ambition to strengthen its role as a crucial link between Africa and the Caribbean, capitalizing on historical connections to forge a modern partnership poised to become an unstoppable global force. “We already have so much in common, and if we synergize properly, there’s no limit to how far we can go,” he added.

Sanwo-Olu praised Afreximbank for its pivotal role in facilitating bridge-building between Africa and the Caribbean, noting the bank’s contributions as an inspiration, enabler, and financier. “Together, we will continue to drive progress and innovation for the benefit of all Africans,” he concluded.

The event highlighted Lagos State’s model as an inspiring example of what is achievable when African entities collaborate effectively, emphasizing the potential for a prosperous future driven by partnerships and African solutions.

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