- EcoNexus 3.0: Lagos Targets Green Finance, ESG Investments
- Oshodi said many organisations are already taking steps toward sustainability, but struggle to translate those efforts into measurable financial value
- Development strategist Oshunniyi Abiola noted that real ESG value comes when data, decision-making, and systems work together not just from reports
Lagos State Government is stepping up efforts to turn climate action into real economic value, following key discussions at EcoNexus 3.0 held in the state.
Eko Hot Blog reports that the event brought together policymakers, business leaders, and sustainability experts to explore how environmental initiatives can go beyond compliance and become revenue-generating opportunities.
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At the centre of the conversation was a shared goal: building systems that help organisations properly track, verify, and profit from their sustainability efforts, while positioning Lagos as a leading hub for green finance and ESG investments.
Speaking at the event, the Special Adviser on Climate Change and Circular Economy, Titilayo Oshodi, said many organisations are already taking steps toward sustainability, but struggle to translate those efforts into measurable financial value.
She explained that the real challenge lies in properly capturing and verifying data, noting that many sustainability actions remain undocumented or undervalued.
According to her, aligning sustainability data with global standards such as the Greenhouse Gas Protocol and Task Force on Climate-related Financial Disclosures is key to making it credible and globally competitive.
Themed “Beyond Compliance: Monetising Climate and Circular Actions for Industries,” the event reflects a shift from simply meeting regulations to unlocking business opportunities.
Development strategist Oshunniyi Abiola noted that real ESG value comes when data, decision-making, and systems work together not just from reports.
Similarly, Funke Shobanjo of FBNQuest Merchant Bank said sustainability has evolved into a major factor in investment decisions, moving from obligation to opportunity.
Also speaking, Lagos Commissioner for Economic Planning and Budget, Ope George, reaffirmed the government’s commitment to creating policies that help businesses benefit financially from sustainability practices.
He noted that reducing emissions, improving resource use, and adopting circular economy models can now serve as revenue streams rather than just regulatory requirements.
Participants at the event agreed that strong systems for tracking and verifying sustainability data are essential to attracting global investors, especially as funding increasingly favours environmentally responsible projects.
With initiatives like EcoNexus 3.0, Lagos is positioning itself not just to meet global standards, but to compete at an international level in sustainability and green investment.
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