Business is booming.

Enugu, UK investors back London climate investment summit

 

By Abbas Nazil

The Enugu State Government has confirmed participation in the Nigeria Climate Investment Summit scheduled for London next month, joining a growing list of public and private sector stakeholders seeking to position Nigeria as a major destination for climate-focused investments.

The summit, expected to take place during London Climate Action Week, has also attracted support from major United Kingdom-based energy investors and companies, signaling stronger international confidence in Nigeria’s renewable energy and green finance opportunities.

Organisers said the event aims to unlock international financing and multilateral funding for bankable renewable energy and energy transition projects across Nigeria, with states such as Enugu and Lagos expected to showcase investment-ready projects to a global audience.

According to GLOBE Legislators and SOStainability, organisers of the summit, rising interest in the event reflects Nigeria’s growing profile as an emerging hub for climate investment and sustainable development financing.

They noted that the United Kingdom remains Nigeria’s largest source of Foreign Direct Investment, with recent figures indicating that about $12.21 billion flowed into the country between 2023 and 2025, partly driven by intensified diplomatic and economic engagements.

Enugu State’s participation is being viewed as a strategic move to deepen its climate governance credentials and attract green finance support for ongoing environmental and energy projects.

Under Governor Peter Mbah, the state has strengthened its climate policy framework through the domestication of the national climate change law, implementation of a climate action plan, and establishment of a dedicated Ministry of Environment and Climate Change.

The state has also positioned itself as a leader in energy reforms by becoming the first in Nigeria to domesticate the Electricity Act 2023 and launch electricity generation and distribution infrastructure projects.

Secretary to the State Government, Chidiebere Onyia, formally conveyed Enugu’s readiness to engage with global investors and development partners during the summit.

SOStainability Chief Executive Officer, Oke Epia, praised the state’s decision, saying it reinforces Enugu’s reputation as a leader in climate governance and sustainable development.

Meanwhile, the Worshipful Company of Fuellers, a prominent London-based energy and transport investment group, has also endorsed the summit, describing it as a timely platform for advancing sustainable energy partnerships between the UK and Nigeria.

Its Master, Ashutosh Shastri, highlighted the group’s longstanding role in supporting clean energy initiatives and future-focused projects across partner countries, including Nigeria.

Malini Mehra, Chief Executive Officer of GLOBE Legislators and Ambassador for London Climate Action Week, described the summit as an important step toward shifting global climate discussions from policy promises to practical financing and implementation.

She said the event reflects a broader international move toward supporting national energy transition plans and climate commitments, particularly across Africa where demand for climate finance continues to rise.

The summit is expected to convene senior Nigerian officials, lawmakers, governors, regulators, development finance institutions, corporate executives, investors and diaspora networks to explore climate financing pathways and energy transition opportunities.

Organisers said discussions will focus on Nigeria’s climate policy reforms, updated Nationally Determined Contributions, the National Carbon Market Framework, and investment openings created by reforms under the Electricity Act 2023.

They added that the event is intended to strengthen international partnerships and create a platform for translating Nigeria’s climate ambitions into tangible economic and environmental outcomes.

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