The Forum, entitled "Partners for Progress: Strengthening the UK-China relationship in the Golden Era", aimed to discuss practical cooperation between the UK and China.

In April 2021, a private member's bill introduced by Afolami, the British Library Board (Power to Borrow) Act 2021, gained royal assent.

[24] Years later, in 2025, Rory Stewart would criticise Afolami's performance as his PPS at the Department for International Development, saying he often absent from the weekly meetings.

[28] Afolami served as Chair of PRASEG, the all-party parliamentary group on Renewable and Sustainable energy, until November 2023, when he resigned on being appointed as Economic Secretary to the treasury.

[36] On 5 July 2022, whilst being interviewed live on television, Afolami resigned from his role as Vice Chair of the Conservative Party, owing to recent scandals in government under Boris Johnson.

[39] Afolami contested the changed Hitchin constituency at the 2024 general election, but lost the seat to Alistair Strathern of the Labour Party.

[40] In November 2023, Afolami was appointed as Economic Secretary to the Treasury and City Minister – the mid level ministerial role responsible for financial services.

His appointment was widely welcomed by leading City figures due to his experience in the financial services industry both before entering parliament and whilst on the backbenches.