- Lagos Eyes Climate Investments as Sanwo-Olu Leads Delegation to London
- Moves to Join Global Net-Zero Coalition
- The move will involve the signing of a Memorandum of Understanding with Climate Group, the secretariat of the coalition
Lagos State Governor, Babajide Sanwo-Olu, will lead the state’s delegation to a series of high-level engagements at the 2026 London Climate Action Week (LCAW), as the state seeks to deepen its role in global climate governance and sustainable finance.
Eko Hot Blog reports that a major highlight of the governor’s participation will be the Local Climate Action Summit, regarded as the flagship event for sub-national governments during the week-long programme.
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The summit, hosted by Bloomberg Philanthropies at Guildhall in London, will bring together governors, premiers, ministers and regional leaders from across the world to discuss strategies for accelerating climate action ahead of COP31.
As part of its climate agenda, Lagos State is also expected to formalise its intention to join the Under2 Coalition, a global network of more than 180 states and regions committed to achieving net-zero emissions and building climate resilience.
The move will involve the signing of a Memorandum of Understanding with Climate Group, the secretariat of the coalition. State officials described the proposed agreement as a non-binding commitment designed to align Lagos’ existing climate ambitions with global efforts while expanding opportunities for collaboration with other sub-national governments.
In another key engagement, the Office of the Special Adviser on Climate Change and Circular Economy (OCCE) will host an exclusive executive roundtable titled “Financing State-Determined Contributions: Connecting Climate Capital to Africa’s Most Investment-Ready Cities” on June 22.
The session is expected to convene investors, development finance institutions, climate funds, corporate organisations, policymakers and technical experts to explore ways of mobilising investment and accelerating the implementation of Lagos State’s climate priorities through its State-Determined Contributions framework.
The Commissioner for Budget and Economic Planning, Ope George, and the Permanent Secretary in the ministry, Olayinka Ojo, are expected to participate in the discussions, highlighting the state’s efforts to integrate climate priorities into its fiscal and economic planning processes.
The roundtable will showcase investment opportunities in renewable energy, low-carbon transportation, circular economy initiatives, carbon markets, climate resilience projects and nature-based solutions. It will also provide a platform for direct engagement between project promoters and potential investors.
Further strengthening Lagos’ climate financing push, the Special Adviser to the Governor on Climate Change and Circular Economy, Titilayo Oshodi, will participate in a high-level session on unlocking sustainable finance opportunities in emerging markets.
The event, organised in collaboration with the United Nations Environment Programme Finance Initiative (UNEP FI), will feature notable global experts, including Chairperson of the Africa Expert Panel, Trevor Manuel; Chief Executive Officer of the Climate Bonds Initiative, Sean Kidney; and the World Bank Group’s Global Director for Climate, Jamie Fergusson.
Oshodi is expected to present Lagos State’s State-Determined Contributions framework as a practical model for translating climate ambitions into bankable projects capable of attracting private investment while delivering measurable development outcomes.
Speaking ahead of the engagements, Governor Sanwo-Olu said cities and regional governments now occupy a central position in addressing climate challenges.
He noted that Lagos is demonstrating how sub-national governments can build investment-ready project pipelines, attract strategic partnerships and implement initiatives that improve livelihoods and support sustainable economic growth.
Oshodi also stressed that climate leadership should be measured by implementation rather than commitments alone, adding that Lagos is developing a scalable model capable of mobilising capital, fostering partnerships and advancing sustainable development across Africa and other developing regions.
