The Lagos State Government has signed an Expression of Interest with the EU-Africa Chamber of Commerce to advance sustainable development.
The partnership will focus on unlocking climate financing, promoting technology transfer, and supporting green economic growth.
This initiative aligns with Governor Babajide Sanwo-Olu’s vision of making Lagos a sustainable and resilient mega city.
The EoI emphasizes a commitment to collaborating on projects that align with the UNFCCC Articles 6.2 and 6.4ER goals, promoting carbon offset initiatives, and driving compliance with Economic, Environmental, Social, and Governance standards, along with circular economy principles.
The partnership will focus on developing bankable, de-risked sustainable projects to position Lagos State as a global leader in climate action.
At the signing ceremony during COP29 in Baku, Azerbaijan, the Special Adviser to the Governor on Climate Change and Circular Economy for Lagos State, Mrs. Titilayo Shodi, highlighted the significance of the partnership.
She emphasized that the collaboration would play a pivotal role in advancing sustainable development, climate action, and Lagos State’s resilience in the face of environmental challenges.
Oshodi said, “The Lagos State OCCE through the Ministry of Economic Planning and Budget plans to formalize the partnership through a Memorandum of Understanding (MoU) at the COP29 in Baku, Azerbaijan.
“The MoU will outline cooperation on green financing, technology transfer, and sustainable development, strengthening the partnership and driving impactful outcomes. With its strategic position within the planning and budget ministry, OCCE is positioned to champion the economic case for environmental sustainability, integrating it into the state’s financial planning.
“This collaboration with the EU-Africa Chamber of Commerce is a key step in advancing our vision for a sustainable future in Lagos. With the EUACC’s extensive network and expertise, we are better equipped to accelerate the deployment of innovative climate solutions, position Lagos as a global leader in sustainable development, and attract meaningful green investments.
“Our participation in COP29 has been transformative, strengthening our position as a frontrunner in global climate action by forging strategic partnerships and showcasing Lagos’ pioneering projects.”
