- Lagos Pushes Climate Investment Agenda as Sanwo-Olu Set to Lead UK Summit Delegation
- Recent data from the National Bureau of Statistics shows that the United Kingdom remains Nigeria’s largest source of foreign direct investment
- Sanwo-Olu is expected to use the platform to deepen Lagos’ engagement with international investors
Nigeria is stepping up efforts to attract global climate finance as Lagos State Governor, Babajide Sanwo-Olu, is set to lead a high-level delegation to the Nigeria Climate Investment Summit (NCIS) in London, organisers have said.
Eko Hot Blog reports that the summit, which forms part of the London Climate Action Week, is expected to bring together global investors, development finance institutions, policymakers and corporate leaders to explore opportunities in renewable energy, carbon markets, and sustainable infrastructure in Nigeria.
EDITOR’S PICK
- Hamzat Appoints Obanikoro as Campaign DG Ahead of 2027 Lagos Governorship Race
- Tinubu’s State Police Plan Gains Momentum as Amendment Looms
- Residents Raise Alarm After Two Bodies Found in Lagos Waterway
Organisers, SOStainability and GLOBE Legislators, said rising international interest in the event reflects Nigeria’s growing profile as an emerging destination for green investment, particularly in climate-aligned infrastructure and transition projects.
Recent data from the National Bureau of Statistics shows that the United Kingdom remains Nigeria’s largest source of foreign direct investment, contributing about $12.21 billion between 2023 and 2025, driven by sustained diplomatic and economic engagement.
The NCIS is expected to build on this momentum by connecting global capital with bankable climate projects, with Lagos State positioning itself as a leading subnational player in climate policy and urban resilience.
Governor Sanwo-Olu is expected to use the platform to deepen Lagos’ engagement with international investors and present plans to host Africa’s first climate action week, aligning the state with global cities such as London, New York and Shanghai, which regularly convene high-level climate investment forums.
The Lagos delegation will also include the Commissioner for Environment and Water Resources, Tokunboh Wahab, who will engage multilateral agencies, institutional investors, regulators and diaspora investment networks aimed at attracting long-term capital into key sectors.
Key discussions at the summit will centre on Nigeria’s evolving policy framework, including the National Carbon Market Framework, updated Nationally Determined Contributions, and reforms under the Electricity Act 2023, which now allows greater subnational participation and private sector investment in the power sector.
FURTHER READING
- Seyi Makinde Restricts Motorcycle Operations Over Rising Insecurity in Oyo
- Lagos Launches Digital Planning Permit System to Boost Urban Development
- Ogun Police Arrest Seven Suspects in Multi-Location Crime Crackdown
Click here to watch video of the week
