Lagos State Government is joining forces with Climate Action, an international climate organisation, to boost sustainable finance across Africa. The partnership aims to accelerate climate action ahead of London Climate Action Week in 2026.
The Office of Climate Change and Circular Economy brokered the deal. It targets innovative climate finance solutions and resilient, low-carbon economies in Africa and the Global South.
Governor Babajide Sanwo-Olu will head Lagos's delegation to London next year. He'll attend the Local Climate Action Summit at Guildhall, hosted by Bloomberg Philanthropies.
Subnational leaders from across the globe gather for this flagship event. They'll deepen collaboration on climate action before COP31 takes place.
Sanwo-Olu plans to sign up Lagos State for the Under2 Coalition. The network represents the world's largest group of states and regions pursuing net-zero emissions.
A Memorandum of Understanding with Climate Group will formalise the commitment. Officials described it as a non-binding agreement that fits existing climate goals.
Lagos will also join the Sustainable Finance Stage at the summit. The United Nations Environment Programme Finance Initiative co-hosts the platform.
Banking, investment, and development finance leaders will attend. They'll explore investment-driven climate solutions at the gathering.
Titilayo Oshodi, the governor's climate adviser, will speak at a high-level session. Her topic: "Unlocking Sustainable Finance Opportunities in Emerging Markets."
Oshodi will showcase Lagos State's State-Determined Contributions framework to the audience. She believes it transforms climate pledges into bankable investments.
Trevor Manuel chairs the Africa Expert Panel and will join her discussion. Sean Kidney leads the Climate Bonds Initiative as chief executive.
Jamie Fergusson brings expertise from the World Bank Group. All three panelists will tackle private capital attraction and project bankability.
The Climate Change office scheduled a private roundtable for June 22. It's titled "Financing State-Determined Contributions: Connecting Climate Capital to Africa's Most Investment-Ready Cities."
Investors and climate funds will attend the closed-door event. Development finance institutions and policymakers will also participate.
Ope George, the budget commissioner, will represent the state there. Olayinka Ojo, permanent secretary of Budget and Economic Planning, joins him.
Sanwo-Olu told reporters before these engagements: "Climate action and economic growth strengthen each other." He stressed Lagos is building a resilient, sustainable future through strategic partnerships.
Innovative financing mechanisms will position Lagos as a leading destination, he added. The state remains committed to demonstrating climate and prosperity work together.
