By Grace Ademulegun
Lagos State government signed an agreement with the EU-Africa Chamber of Commerce (EUACC) on climate finance to enable the state achieve its sustainable development goals (SDGs) on Climate Action.
The agreement, signed at the recent COP29 Climate Conference in Baku, Azerbaijan, reaffirms Lagos’commitment to climate action.
The office of the Lagos State Special Adviser on Climate Change and Circular Economy (OCCE) facilitated the agreement, which supports Governor Babajide Sanwo-Olu’s goal of making Lagos an environmentally resilient and sustainable megacity.
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According to the OCCE, through the use of circular economy tactics and economic, environmental, social, and governance (EESG) principles, the partnership highlights Lagos’ leadership in global climate action.
Titilayo Oshodi, Special Adviser to the Governor on Climate Change and Circular Economy, during the signing ceremony, revealed plans to formally establish the partnership via a Memorandum of Understanding (MoU), outlining important topics such as sustainable development, technological transfer, and green finance.
Oshodi said: “The Lagos State OCCE will incorporate environmental sustainability into the state’s financial planning through the Ministry of Economic Planning and Budget, making it a key element of decision-making across ministries.”
She continued: “This collaboration with EUACC enhances our capacity to deploy cutting-edge climate solutions and draw in significant green investments. Our joint goal is to establish Lagos as a world leader in sustainable development.”
Fatima Boubacar, Director of Climate Partnerships at the EUACC, said during the signing of the agreement, “Our experience in developing partnerships across Africa and Europe enables us to support Lagos in accessing funding, building capacity, and implementing impactful climate projects.”
