Lagos State to Attract US$50bn Climate Investments at COP31

The Lagos State Government is set to convene investors, financial institutions, development partners, and private-sector leaders at the Lagos Climate Investment Day & Cocktail Reception on 13 November during COP31 in Antalya, Türkiye. This event aims to advance partnerships around an estimated US$25-50 billion climate investment opportunity, encompassing over 300 potential projects across multiple sectors.

Governor Babajide Sanwo-Olu, through the Office of Climate Change and Circular Economy (OCCE), will lead the programme, which focuses on converting climate commitments into investable opportunities that enhance infrastructure, clean energy, economic growth, job creation, and resilience. The event will showcase opportunities in energy, transportation, agriculture, and more, while aligning government priorities within a coordinated investment framework.

Sanwo-Olu stated that Lagos is committed to using climate action to drive economic transformation. Titilayo Oshodi, Special Adviser to the Governor on Climate Change and Circular Economy, emphasized the need for practical financing pathways to implement climate initiatives effectively.