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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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Tinubu Leaves Nigeria Saturday for France, Kenya, Rwanda

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President Tinubu renewed hope ambassadors

By Modupe Gbadeyanka

President Bola Tinubu will on Saturday, May 2, 2026, leave Nigeria for a three-nation trip, a statement issued by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, said.

In the notice issued on Friday night, it was disclosed that Mr Tinubu would visit France, after which he would depart for Nairobi, Kenya, to attend the Africa-France Summit scheduled to begin next week.

Co-chaired by President Emmanuel Macron of France and President William Ruto of Kenya, the summit focuses on energy transition, green industrialisation, digital transformation, restructuring of global financing architecture, and climate action.

President Tinubu’s participation at the summit from May 11 to May 12. will underscore Nigeria’s unwavering commitment to strengthening strategic partnerships with African nations and the French Republic.

The summit, with the theme Africa Forward: Africa-France Partnerships for Innovation and Growth, will provide a high-level platform for African leaders and their French counterparts to deliberate on critical issues affecting the continent, including economic transformation, climate resilience, infrastructure development, youth empowerment, technological advancement, and peace-building initiatives.

At the end of the Kenyan summit, President Tinubu will depart for Kigali, Rwanda, to attend the annual Africa CEO Forum, taking place between May 14 and 15.

With the theme Scale or Fail, this year’s Africa CEO Forum will be the largest gathering of African private sector leaders, investors, and policymakers, focusing on accelerating economic transformation through shared scale, regional integration, and increased cross-border investment.

 Held in partnership with the International Finance Corporation (IFC), the summit brings together over 2,000 top executives and national leaders to debate strategies for building resilient, competitive industries.

At the two summits, the Nigerian leader will deliver statements highlighting his administration’s ongoing reforms to reposition the nation as a prime destination for investment and growth. He will also hold high-level meetings with top-tier global and African business leaders.

President Tinubu will be accompanied on the trip by some of his ministers and senior aides. He will return to Nigeria at the end of the Rwanda summit.

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NEC Approves 112 as National Emergency Response Lifeline

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112 emergency number

By Adedapo Adesanya

The National Economic Council (NEC) has approved the adoption of 112 as the national emergency number at all levels and across relevant agencies.

It is part of measures to strengthen Nigeria’s emergency lifeline and build a unified and coordinated national response to emergencies.

The council also approved the establishment of a multi-agency implementation committee and programme coordination led by the Office of the Vice President and the National Communications Commission (NCC).

The approval was part of decisions taken at the 157th meeting of the NEC held virtually and chaired by Vice President Kashim Shettima.

Mr Shettima said the 112 emergency lifeline had become necessary to prevent delay caused by bureaucratic bottlenecks, noting that what the citizens seek urgently when confronted by a natural disaster or insecurity is an urgent response and not bureaucracy.

“This is not only a technical reform. It is a test of the state’s humanity. In moments of fire, accident, robbery, medical emergency, flood, violence, or panic, citizens do not need bureaucracy.

“They need a response. They need to know one number to call, one system to trust, and one coordinated chain of action that moves quickly enough to save lives,” he stated.

He explained that while Nigeria is not beginning from zero, as the emergency number had been in existence, what is required at the moment “is coordination, adoption, standard operating procedures, public awareness, institutional ownership, and trust”.

The vice president described NEC as the nation’s economic engine room, where the federal government and the states must convert the Renewed Hope Agenda of President Bola Tinubu into practical outcomes.

“We cannot build our way to a one-trillion-dollar economy by federal effort alone. We cannot create millions of jobs by speeches alone.

“We cannot expand exports, attract investment, secure communities, or unlock productivity unless every tier of government understands its role and performs it with urgency,” the VP noted.

Mr Shettima noted that the council will continue to focus on decisions that would have a positive impact on the lives of Nigerians.

“History will not ask how many meetings we held. It will ask what changed because we met.

“It will ask whether our decisions reached the farmer, the manufacturer, the artist, the investor, the accident victim, the unemployed graduate, and the child waiting to inherit the country we are rebuilding.”

NEC also received a presentation on the rehabilitation of police training institutions across the country from its ad hoc committee led by Governor Peter Mbah of Enugu State, and commended the ad hoc committee for the work done so far.

It also called on the Ministry of Finance to expedite the release of the balance of approved funds for the take-off of the project and urged the committee to ensure national spread by capturing training institutions in each geopolitical zone in the first phase of the intervention.

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Supreme Court Affirms David Mark’s Leadership of ADC

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david mark adc chairman

By Modupe Gbadeyanka

The Supreme Court has recognised Mr David Mark as the National Chairman of the African Democratic Congress (ADC).

In a judgment on Friday, the apex court restored the leadership of the former Senate President, after an appellate court had ordered a status quo ante bellum.

The Supreme Court held that the decision of the Appeal Court on status quo ante bellum was improper and unwarranted.

It also refused to uphold the preliminary objections by counsel to Mr Nafiu Bala, who is challenging the leadership of Mr Mark, directing that the suit should head back to the trial court for determination. Mr Bala went to court to seek an ex parte to stop Mr Mark and his team from parading themselves as leaders of the opposition party.

The ADC, which was asked to put on notice to explain why the injunction should not be given, appealed the matter, but the parties were asked to maintain the status quo ante bellum. This was interpreted to mean the ADC was without a leader.

The matter went to the apex court, which decided it today, affirming Mr Mark as the party’s chairman, which seeks to eject President Bola Tinubu from Aso Rock via the 2027 presidential election.

Mr Bala, a former vice chairman of the party, was said to have resigned his position to pave the way for Mr Mark and others, who joined the party from the People’s Democratic Party (PDP) and the Labour Party (LP).
However, he claimed he did not resign and that his signature was forged, seeking the court’s help to install him as the party’s chairman, based on ADC’s constitution, according to him.

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