State delegation to interact traders on greater than 300 potential initiatives, culminating in Lagos Local weather Funding Day on 13 November.
The Lagos State Authorities will showcase an estimated US$25–50 billion local weather funding alternative spanning greater than 300 potential initiatives on the thirty first United Nations Local weather Change Convention (COP31) in Antalya, Türkiye, from 9–13 November 2026. The State goals to draw funding and strategic partnerships to advance local weather motion, strengthen resilience and speed up sustainable financial development.
Led by the Workplace of Local weather Change and Round Economic system (OCCE), the programme will convey collectively the priorities of the Ministry of the Setting and Water Sources, Ministry of Transportation, Ministry of Agriculture and Meals Techniques, Ministry of Power and Mineral Sources, Ministry of Works and Infrastructure, and Ministry of Waterfront Infrastructure Growth, alongside different related authorities establishments.
A key spotlight would be the Lagos Local weather Funding Day & Cocktail Reception on 13 November, bringing collectively authorities representatives, traders, monetary establishments and growth companions to discover financing alternatives and advance potential initiatives. The State’s participation will spotlight alternatives throughout power, solarisation, transportation, climate-resilient infrastructure, water sources, waste administration, agriculture and inexperienced enterprise, reflecting the cross-sectoral nature of Lagos’s local weather funding agenda.
The State’s funding proposition is anchored in its State-Decided Contributions (SDC) Framework, which connects 5 platforms: clear power and clear cooking; blue economic system, water and local weather resilience; round economic system and industrial decarbonisation; climate-smart infrastructure and concrete transition; and local weather innovation, meals methods and inexperienced enterprise. Collectively, these platforms align ministries’ priorities with funding alternatives in renewable power, flood mitigation, solarisation, electrical energy infrastructure, sustainable transportation, waste administration, resilient infrastructure, agriculture and inexperienced companies.
Governor Babajide Sanwo-Olu stated: “Lagos is demonstrating that local weather motion generally is a highly effective driver of financial transformation. Our precedence is to translate our local weather ambitions into funding alternatives that strengthen infrastructure, broaden entry to scrub power, enhance transportation, create jobs and enhance livelihoods. At COP31, we’ll have interaction traders, monetary establishments and growth companions to assist flip our local weather funding pipeline into tangible initiatives and lasting financial worth for Lagos and Nigeria.”
Lagos’s local weather finance initiatives embody its Local weather Finance Preparedness Clinic, which introduced collectively greater than 140 monetary establishments, and the Local weather Defence and Catalytic Fund, launched in July 2026 to assist mobilise and de-risk funding in climate-resilient, low-carbon infrastructure. The Fund goals to mobilise as much as US$3 billion yearly. The State has additionally begun distributing clear cookstoves in Makoko as an preliminary step in the direction of its ambition of eight million models.
Organisations taking part within the Lagos delegation and programme embody Sterling Financial institution, Keystone Financial institution and Stanbic IBTC Financial institution, alongside Solar King, RF Backyard and Home of Tempos. The banking companions will contribute views on sustainable finance and financing buildings for bankable climate-resilient infrastructure and inexperienced initiatives. Solar King will convey its expertise in photo voltaic power entry, whereas the broader private-sector participation will assist discussions on enterprise growth and funding partnerships.
Mrs. Titilayo Oshodi, Particular Adviser to the Governor on Local weather Change and Round Economic system, stated: “Local weather motion cuts throughout each a part of Lagos’s growth agenda. By the SDC Framework, OCCE is connecting the priorities of our ministries and companies inside a typical funding structure. COP31 supplies a possibility to current this collective ambition to traders and strategic companions and advance discussions on financing and implementing initiatives throughout power, transportation, infrastructure, agriculture and different essential sectors that may profit Lagos.”
The State’s COP31 engagement builds on its participation at London Local weather Motion Week in June and the revealing of its local weather funding framework throughout engagements across the United Nations Basic Meeting and Local weather Week NYC in September. By these efforts, Lagos goals to advance its ambition to grow to be Africa’s first Local weather Funding Jurisdiction, positioning local weather finance as a catalyst for infrastructure growth, clear power adoption, financial competitiveness, job creation and resilience.
