Ogun State is to benefit from a N500 billion financial support being packaged by the African Export-Import Bank
(Afreximbank) in conjunction with Access Bank.
The Gateway state is to benefit from the fund along with three other states in the country.
Governor Dapo Abiodun, made this known in Cairo, Egypt, while speaking at the end of the Intra-African Trade Fair, put together by Afreximbank.
Governor Abiodun said the fund would be helpful in financing and accelerating infrastructural development in the state, noting that the state government has already signed the framework agreement.
The governor explained that the highlight of his participation at the IATF was the signing of a significant framework agreement with Afreximbank and Access Bank Limited, noting that the financial support will play a pivotal role in financing the creation of trade and trade-enabling infrastructure.
He added that the fund would also help to accelerate economic diversification through infrastructure development, in line with the Africa Sub-Sovereign Network Initiative
Governor Abiodun informed that the State delegates met with the President of Zimbabwe, Emmerson Dambudzo Mnangagwa, and the Malawian President, Lazarus McCarthy Chakwera, during which issues of mutual benefits were discussed with the two leaders.
The governor noted that discussions with the Zimbabwean president centred around collaboration in the agricultural sector, adding that the groundwork for the establishment of a partnership between the two governments was laid.
According to the governor, discussions with President Chakwera focused on fostering a mutually beneficial socio-economic relationship expressing optimism that the collaboration would contribute significantly to the growth and development of the state by paving the way for a brighter economic future.
