The Lagos State Government will convene investors, monetary establishments, improvement companions and private-sector leaders at Lagos Climate Investment Day & Cocktail Reception on 13 November throughout COP31 in Antalya, Türkiye.
The occasion will advance partnerships across the State’s estimated US$25–50 billion climate investment alternative, spanning greater than 300 potential tasks throughout a number of sectors, a press release mentioned yesterday.
Led by Governor Babajide Sanwo-Olu by means of the Office of Climate Change and Circular Economy (OCCE), Lagos State’s COP31 programme will concentrate on translating climate commitments into investable alternatives that help infrastructure, clear power, financial progress, job creation and resilience.
The programme will showcase a broad spectrum of alternatives throughout power, transportation, solarisation, agriculture, water assets, waste administration, climate-resilient infrastructure and inexperienced enterprise.
It can even deliver collectively priorities throughout ministries and businesses, positioning climate motion as a shared authorities agenda inside a coordinated investment framework.
Lagos Climate Investment Day will showcase the State’s investment proposition, interact potential capital suppliers, and discover pathways to maneuver precedence tasks towards implementation by means of high-level discussions, investment displays, and financing engagements.
In the assertion, Sanwo-Olu mentioned: “Lagos is dedicated to demonstrating that climate motion can drive financial transformation. Our ambition is to show climate priorities into investable alternatives that strengthen infrastructure, develop entry to scrub power, enhance transportation, entice capital, create jobs and enhance lives.
“At COP31, we will engage global investors and strategic partners to help translate our pipeline into tangible projects and lasting economic value for Lagos and Nigeria.”
Mrs. Titilayo Oshodi, Special Adviser to the Governor on Climate Change and Circular Economy, who’s coordinating the State’s climate investment agenda mentioned: “Climate motion should transfer past commitments to implementation. We are constructing an investment structure that connects our priorities with the capital, experience and partnerships required to ship tasks at scale.
“Lagos Climate Investment Day will put this proposition before investors and development partners, demonstrate the breadth of our pipeline and identify practical financing pathways. Our ambition is to use climate finance to accelerate infrastructure development, strengthen competitiveness, create jobs and build a more resilient Lagos.”
Lagos State’s investment proposition is anchored in its State-Determined Contributions (SDC) Framework and 5 interconnected platforms: clear power and clear cooking; blue financial system, water and climate resilience; round financial system and industrial decarbonisation; climate-smart infrastructure and concrete transition; and climate innovation, meals techniques and inexperienced enterprise.
These platforms join alternatives throughout renewable power, solarisation, electrical energy infrastructure, sustainable transportation flood mitigation, coastal safety, waste administration, sustainable transport, resilient infrastructure, agriculture and inexperienced enterprise.
The framework connects priorities throughout the Ministries of the Environment and Water Resources; Transportation; Agriculture and Food Systems; Energy and Mineral Resources; Works and Infrastructure; Physical Planning and Urban Development; and Waterfront Infrastructure Development. Through OCCE’s coordinating function, these sector priorities contribute to a shared agenda for investment mobilisation, climate resilience and sustainable financial improvement.
Organisations taking part within the Lagos delegation and programme embody Sterling Bank, Keystone Bank and Stanbic IBTC Bank, alongside Sun King, RF Garden and House of Tempos. The banking companions will contribute views on sustainable finance and financing buildings for bankable climate-resilient infrastructure and inexperienced tasks. Sun King will deliver its expertise in photo voltaic power entry, whereas the broader private-sector participation will help discussions on enterprise improvement and investment partnerships.
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