Lagos to pitch up to $50bn in climate investment opportunities at COP31
By: Abudu Olalekan
Lagos State plans to present global investors with climate investment opportunities worth between $25 billion and $50 billion at COP31 in Antalya, Türkiye.
The announcement came on Tuesday, Oct. 27, 2026, in a statement by Titilayo Oshodi, the governor’s special adviser on climate change and circular economy.
Oshodi said the Lagos Climate Investment Day and Cocktail Reception, scheduled for Nov. 13, would connect investors with more than 300 potential projects across several sectors.
The event is expected to bring together investors, financial institutions, development partners and private-sector leaders to discuss partnerships and financing for climate-resilient infrastructure and sustainable economic development.
“Lagos is committed to demonstrating that climate action can drive economic transformation,” Oshodi said, quoting Governor Babajide Sanwo-Olu.
“Our ambition is to turn climate priorities into investable opportunities that strengthen infrastructure, expand access to clean energy, improve transportation, attract capital, create jobs and improve lives.”
Oshodi said Lagos would use COP31 to engage global investors and strategic partners, with the aim of turning its project pipeline into funded projects and lasting economic value for the state and Nigeria.
The programme, coordinated by the Office of Climate Change and Circular Economy, will feature opportunities in renewable energy, solarisation, transport, agriculture, water resources, waste management, climate-resilient infrastructure and green enterprise.
The goal, Oshodi said, is to close the gap between climate commitments and on-the-ground projects.
“Climate action must move beyond commitments to implementation,” she said. “We are building an investment architecture that connects our priorities with the capital, expertise and partnerships required to deliver projects at scale.”
At the investment day, the state will present its project pipeline and explore practical financing options for priority projects. Lagos hopes to use climate finance to accelerate infrastructure development, strengthen its competitiveness, create jobs and build resilience.
The investment framework is anchored in the state’s State-Determined Contributions Framework and five connected platforms: clean energy and clean cooking; the blue economy, water and climate resilience; the circular economy and industrial decarbonisation; climate-smart infrastructure and urban transition; and climate innovation, food systems and green enterprise.
The framework also brings climate priorities into the work of ministries responsible for environment and water resources, transport, agriculture and food systems, energy and mineral resources, works and infrastructure, physical planning and urban development, and waterfront infrastructure development.
The Lagos delegation and programme will include Sterling Bank, Keystone Bank, Stanbic IBTC Bank, Sun King, RF Garden and House of Tempos. The banks are expected to share insights on sustainable finance and funding structures for viable green and climate-resilient infrastructure projects. Sun King will bring its experience in expanding access to solar energy.
Lagos has also taken steps to build its climate-finance capacity. A Climate Finance Preparedness Clinic brought together more than 140 financial institutions, while the Climate Defence and Catalytic Fund was launched in July 2026.
The fund is intended to mobilise and de-risk investment in climate-resilient, low-carbon infrastructure, with an ambition to raise as much as $3 billion annually.
The state has begun distributing clean cookstoves in Makoko as an initial step towards its target of providing eight million units.
The government said its COP31 engagement builds on Lagos’s participation in London Climate Action Week in June and climate-investment discussions during the United Nations General Assembly and Climate Week NYC in September.
These efforts form part of Lagos State’s ambition to become Africa’s first climate investment jurisdiction. The state aims to use climate finance to support sustainable infrastructure, expand clean-energy access, improve transport, create jobs and make the economy more competitive and resilient.
Olalekan A. Abudu is a seasoned and dedicated News Journalist at REPORTERS ROOM, with over eight years of experience. He specializes in politics, climate change, health, and education, while also covering security, economic, and judicial issues. Committed to accuracy and balanced reporting, Olalekan exemplifies the principles of public-interest journalism.