Lagos State Unveils N214.8bn Bonds for Infrastructure and Climate Projects

Lagos State Government has introduced N214.8bn bond offers, comprising a N200 billion Series IV bond and a N14.815 billion Series III green bond, as part of its infrastructure and climate projects funding strategy. The green bond will support sustainable initiatives like flood mitigation, drainage systems, renewable energy installations, and urban green projects.

Lagos, Nigeria's economic hub, aims to enhance revenue generation through strong tax administration, reducing reliance on federal allocations. The bond issuance aligns with international green bond principles and sustainable standards, ensuring investor protection and timely payments.