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Lagos Eyes More Investments in Climate Financing 

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Climate Financing 

By Adedapo Adesanya

The Lagos State Government is eyeing a considerable investment in green financing, technology tansfer, and sustainable development as it signed an Expression of Interest (EoI) to partner with the EU-Africa Chamber of Commerce (EUACC) at the just-concluded COP29 in Baku, Azerbaijan.

The state, through the Office of Special Adviser on Climate Change and Circular Economy (OCCE), plans to formalise the partnership through a Memorandum of Understanding (MoU). The MoU will outline cooperation on green financing, technology transfer, and sustainable development, strengthening the partnership and driving impactful outcomes.

The EoI outlines a shared commitment to fostering collaboration on projects aligned with UNFCCC Articles 6.2 and 6.4ER goals, promoting carbon offset objectives, and driving Economic, Environmental, Social, and Governance (EESG) compliance and circular economy principles. The partnership will focus on bankable, de-risked sustainable projects that advance Lagos State’s position as a global leader in climate action.

The Lagos State OCCE through the Ministry of Economic Planning and Budget will champion the economic case for environmental sustainability, integrating it into the state’s financial planning. This ensures that environmental sustainability is a core component rather than an add-on of the state’s financial decision-making across all ministries.

The OCCE leverages innovative financing, strategic partnerships, and sustainable development projects to address climate adaptation challenges and drive green economic growth in Lagos State.

Speaking at the signing ceremony at the COP29 Climate Innovation Zone, Mrs Titilayo Oshodi, Special Adviser on Climate Change and Circular Economy for Lagos State, emphasised the importance of the partnership.

“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.”

The partnership is set to deliver key outcomes, including enhanced access to climate finance through green bonds and concessional funding, market promotion of Lagos State’s Article 6-compliant projects, and attracting funding for clean technology and sustainable infrastructure development.

It also aligns with the ongoing strategic partnership between the OCCE, Access Bank and Carbonivity, a leading carbon asset development firm, to accelerate climate investment initiatives for Lagos State under the Babajide Sanwo-Olu government.

“We are thrilled to partner with the Office of Climate Change and Circular Economy (OCCE). Lagos State is setting a remarkable example for Africa in its bold commitment to climate action and sustainability,” added Ms Sonia Toro, Executive Director of the EU-Africa Chamber of Commerce (EUACC).

“Together, we will leverage our collective strengths to drive transformative green projects, unlock investment opportunities, and position Lagos as a global leader in sustainable development.”

On his part, Mr Adebola Odunusi, CEO of Carbonivity, OCCE’s carbon asset development partner, remarked, “The projects championed by OCCE demonstrate how African cities can lead the way in green economic transformation, climate innovation and adaptation, leveraging ESG-compliance and UNFCCC Articles 6.4ER/6.2 methodologies.”

“It also highlights that with the backing of strong partnerships, as demonstrated by the ecosystem with EUACC and Access Bank Plc, Lagos is well-positioned to deliver measurable improvements in climate adaptation and green economic outcomes.”

Adding her input, Ms Nele Lahrmann-Muniru, Head of Accra Office EUACC, commented, “If Lagos successfully scales its climate action programs, it could serve as a model for sustainable and resilient circular economies across Africa.

“With a focus on creating strong incentives for citizens and including climate programming strategically into the state’s budget, it could become a blueprint for how to make climate action and the circular economy work for Africa.

“Committed to innovation and practical solutions for Africa’s development, the EU-Africa Chamber of Commerce looks forward to supporting these initiatives in Lagos and beyond.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Power Supply Has Improved in Two Weeks as Promised—Adelabu

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adebayo adelabu two weeks

By Adedapo Adesanya

The Minister of Power, Mr Adebayo Adelabu, says that electricity generation has improved between March 28 and April 10, 2026, following increased gas supply to thermal power plants.

In a statement via his Special Adviser on Strategic Communications and Media Relations, Mr Bolaji Tunji, the Minister said the improvement fulfilled his pledge at the Power Sector Working Group that electricity supply would improve within two weeks.

He said data from the period showed that actual power generation rose from about 3,951 megawatts on March 28 to over 4,300 MW on April 10.

He added that gas supply to thermal power plants increased from approximately 605 million standard cubic feet per day to over 704 million standard cubic feet per day within the same timeframe.

He also stated that mechanical availability remained stable, peaking at over 7,796MW in early April, while operational availability rose from about 4,208MW to a peak of over 4,694MW.

“Despite minor fluctuations recorded on some days, the overall trajectory points to a gradual recovery in the power sector, driven largely by improved gas supply and better coordination among critical stakeholders,” Mr Tunji said.

The spokesperson added that the correlation between gas availability and generation output underscored the need for sustained interventions in the gas-to-power value chain.

He disclosed that the minister recently inaugurated a Gas-to-Power Monitoring Committee to ensure improved coordination, real-time monitoring, and sustained gas supply to generating companies.

“The committee is expected to address bottlenecks in gas delivery, enhance synergy between gas producers and power generation companies, and ultimately guarantee a more stable and reliable electricity supply across the country.

“The Honourable Minister remains committed to ensuring that the modest gains recorded are not only sustained but significantly improved upon in the coming weeks,” Mr Tunji added.

The Minister assured Nigerians that ongoing reforms and targeted interventions in the sector would continue to yield measurable improvements, saying, “We are not there yet, but we will continue to ensure measurable improvements.”

Adelabu urged the new management of the Nigeria Electricity Management Services Agency (NEMSA) to improve its internally generated revenue and reduce dependence on government appropriation.

He also called for the establishment of more meter testing centres across the country and reiterated the need for collaboration between the National Power Training Institute of Nigeria (NPTIN) and NEMSA to address manpower shortages.

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NAF Launches Probe into Civilian Casualties During Jilli Market Operation

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Jilli Market Operation Air Force

By Adedapo Adesanya

The Nigerian Air Force (NAF) is investigating the reported fatal civilian casualties during airstrikes while pursuing Islamist militants around Jilli Market, around the Borno-Yobe border near Fuchimiram village in the Geidam Local Government Area of Yobe State.

In a statement on Sunday, the Director of Public Relations and Information for the Nigerian Air Force, Air Commodore Ehimen Ejodame, said it “treats all reports of possible civilian harm with the utmost seriousness and empathy.”

According to eye witnesses and local government official accounts, at least 200 people are feared dead after Nigerian military jets struck the village market.

“In line with this commitment, the CAS has directed an immediate activation of the Civilian Harm Accident and Investigation Cell (CHAI-Cell) to immediately proceed to the location on a fact-finding mission on the allegation,” the statement read.

NAF maintained that it remained “firmly committed to professionalism, accountability, and transparency in the conduct of its missions.”

In an earlier statement, the Nigerian Air Force confirmed mop-up air strikes in the Jilli axis, but did not state whether any civilian casualties were recorded.

“Coming amid intensified efforts to track and neutralise terrorist elements responsible for recent attacks on security forces within the wider theatre, the follow-on strikes were aimed at fleeing remnants and regrouping cells seeking to exploit the difficult terrain,” NAF said.

However, Brigadier General Dahiru Abdulsalam, a military adviser to the Yobe state government, said, “Some people from Geidam LGA (local government area) bordering Gubio LGA in Borno state who went to the Jilli weekly market were affected.”

Several persons were feared killed and others wounded after the suspected accidental airstrikes at Jilli Market in the Geidam Local Government Area of Yobe State.

Jilli, a border community with Damasak in Borno State, is located over 200 kilometres from Damaturu, the Yobe State capital.

Lawan Zanna Nur Geidam, the councillor and traditional head of Fuchimeram ward in Yobe’s Geidam district, told Reuters that those injured were being taken to hospitals in Yobe and Borno.

“It’s a very devastating incident at Jilli Market. As I’m speaking to you, over 200 ​people have lost their lives ​from the air strike ⁠at the market,” he told Reuters.

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Waka TV Delivers Best Premium Streaming Experience

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Waka TV

Waka TV delivers the best premium streaming experience, access to 20,000+ live channels in Full HD & 4K, 140,000+ movies and series, and follow live sports from around the world.

It is compatible with all your devices. Enjoy smooth, buffer-free streaming with zero interruptions and 24/7 support.

Waka TV installs in just a few clicks on all your devices, Smart TV, smartphone, tablet or PC. Your access is activated within 10 minutes, and streaming starts immediately with zero hassle.

Waka TV offers a service focused on quality, reliability and the best value for money. Rugby, Basketball, Cricket, Tennis, Football, and all live sports are included in your premium IPTV subscription.

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