The Lagos State Government is seeking to attract between $25bn and $50bn in climate-related investments from a pipeline of more than 300 projects as it prepares to engage global investors at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye.
The investment drive is aimed at securing private-sector funding, development finance and strategic partnerships to strengthen infrastructure resilience, expand clean energy access and promote sustainable economic growth.
The conference, scheduled for November 9 to 13, will provide an opportunity for the state to showcase investment prospects across renewable energy, solar power, transportation, flood control, water resources, waste management, agriculture and climate-resilient infrastructure.
Led by the Office of Climate Change and Circular Economy, the Lagos delegation will bring together investment priorities from several ministries, including Environment and Water Resources; Transportation; Agriculture and Food Systems; Energy and Mineral Resources; Works and Infrastructure; and Waterfront Infrastructure Development.
A major highlight of the state’s participation will be the Lagos Climate Investment Day and Cocktail Reception scheduled for November 13, which is expected to bring together government officials, international investors, financial institutions and development partners to explore funding opportunities and establish strategic partnerships.
Governor Babajide Sanwo-Olu said the state was positioning climate action as an instrument of economic transformation through investments in infrastructure, clean energy, transportation and job creation.
“Lagos is demonstrating that climate action can be a powerful driver of economic transformation. Our priority is to translate our climate ambitions into investment opportunities that strengthen infrastructure, expand access to clean energy, improve transportation, create jobs and improve livelihoods,” the governor said.
He added that the state would use the conference to engage investors and development partners on turning its proposed projects into tangible investments.
“At COP31, we will engage investors, financial institutions and development partners to help turn our climate investment pipeline into tangible projects and lasting economic value for Lagos and Nigeria,” Sanwo-Olu added.
The investment framework is anchored in the state’s State-Determined Contributions Framework, which identifies five priority areas: clean energy and clean cooking; blue economy, water and climate resilience; circular economy and industrial decarbonisation; climate-smart infrastructure and urban transition; and climate innovation, food systems and green enterprise.
The framework is designed to align the development priorities of different ministries with investment opportunities in renewable energy, flood mitigation, electricity infrastructure, sustainable transportation, waste management, agriculture and green businesses.
As part of efforts to attract the required funding, Lagos has also introduced climate finance initiatives, including a Climate Finance Preparedness Clinic, which brought together more than 140 financial institutions.
Another initiative is the Climate Defence and Catalytic Fund, launched in July 2026 to mobilise and reduce investment risks in climate-resilient and low-carbon infrastructure projects. The fund is targeting the mobilisation of up to $3bn annually.
The state government has also commenced the distribution of clean cookstoves in Makoko as part of its broader ambition to distribute eight million units to promote cleaner cooking and reduce environmental pollution.
Organisations expected to participate in the Lagos delegation include Sterling Bank, Keystone Bank and Stanbic IBTC Bank, alongside Sun King, RF Garden and House of Tempos.
While the participating banks are expected to contribute expertise in sustainable financing and funding structures for climate-resilient infrastructure, Sun King will showcase its experience in expanding access to solar energy.
The Special Adviser to the Governor on Climate Change and Circular Economy, Titilayo Oshodi, said the investment framework would bring the priorities of different ministries and agencies under a coordinated programme.
“Climate action cuts across every part of Lagos’s development agenda. Through the SDC Framework, OCCE is connecting the priorities of our ministries and agencies within a common investment architecture,” she said.
Oshodi explained that the conference would provide an opportunity to present the state’s investment opportunities to international financiers and advance discussions on funding and implementing projects across critical sectors.
“COP31 provides an opportunity to present this collective ambition to investors and strategic partners and advance discussions on financing and implementing projects across energy, transportation, infrastructure, agriculture and other critical sectors that will benefit Lagos,” she added.
The state government said its participation at the conference forms part of broader efforts to position Lagos as a leading destination for climate investment in Africa, using climate finance to support infrastructure development, economic competitiveness, employment generation and environmental sustainability.
