By Abdullahi Lukman
The Lagos State Government has announced plans to present climate investment opportunities worth between $25 billion and $50 billion to global investors at the 31st Conference of the Parties (COP31) in Antalya, Türkiye.
The presentation will take place during the Lagos Climate Investment Day and Cocktail Reception scheduled for November 13, where more than 300 potential projects across multiple sectors will be showcased to investors, financial institutions and development partners.
The Special Adviser to the Governor on Climate Change and Circular Economy, Mrs. Titilayo Oshodi, disclosed this in a statement, explaining that the initiative aims to attract funding and strategic partnerships for climate-resilient infrastructure and sustainable economic development.
According to Oshodi, the investment programme will focus on renewable energy, solarisation, transportation, agriculture, water resources, waste management, climate-resilient infrastructure and green enterprises.
She said the initiative was designed to bridge the gap between climate commitments and implementation by connecting viable projects with the capital, technical expertise and partnerships needed to deliver them.
Oshodi, quoting Governor Babajide Sanwo-Olu, said Lagos intended to use climate action to stimulate economic growth, strengthen infrastructure, expand access to clean energy, improve transportation and create jobs.
She added that the state would use its participation at COP31 to attract international investors and convert its project pipeline into tangible investments capable of generating long-term economic benefits for Lagos and Nigeria.
The investment framework is anchored on the state’s State-Determined Contributions Framework and five priority areas: clean energy and clean cooking; blue economy, water and climate resilience; circular economy and industrial decarbonisation; climate-smart infrastructure and urban transition; and climate innovation, food systems and green enterprise.
The programme, coordinated by the Office of Climate Change and Circular Economy, integrates climate priorities across relevant ministries responsible for the environment, transport, agriculture, energy, infrastructure, physical planning and waterfront development.
Participating organisations include Sterling Bank, Keystone Bank, Stanbic IBTC Bank, Sun King, RF Garden and House of Tempos. The financial institutions are expected to provide insights into sustainable financing models, while Sun King will contribute its experience in expanding access to solar energy.
The state also highlighted existing climate finance initiatives, including a Climate Finance Preparedness Clinic that brought together more than 140 financial institutions and the Climate Defence and Catalytic Fund, launched in July 2026. The fund is intended to reduce investment risks, support low-carbon infrastructure and mobilise up to $3 billion annually.
In addition, the government has commenced the distribution of clean cookstoves in Makoko as an initial step towards its target of distributing eight million units.
The planned COP31 engagement builds on Lagos State’s participation in London Climate Action Week in June and climate investment engagements during the United Nations General Assembly and Climate Week NYC in September.
The government said these initiatives form part of its ambition to position Lagos as Africa’s first climate investment jurisdiction, using climate finance to advance sustainable infrastructure, clean energy adoption, job creation and climate resilience.
