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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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FG Initiates Safety, Capacity-Building for Nigerian Dockworkers

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apapa Dockworkers

By Adedapo Adesanya

The federal government says it has initiated safety and capacity-building programmes, including provision of modern protective equipment for dockworkers and riverine transport operators, as part of its commitments for the welfare of dockworkers.

This was made known by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, at the 2025 Day of Dockworkers in Lagos organised by the Nigerian Maritime Administration and Safety Agency (NIMASA) in partnership with the Nigerian Ports Authority (NPA) and the Nigerian Shippers’ Council (NSC).

The event held under the theme, Safe Port, Safe Ship, sought to bring the importance of safe working conditions and enhanced welfare of Nigerian dockworkers to the fore while also highlighting government Initiatives to improve safety standards.

In his keynote address, Mr Oyetola saluted the incredible work of dockworkers adding that their contribution is at the very core of Nigeria’s maritime economy.

The Minister, who was represented by the Director General of NIMASA, Mr Dayo Mobereola, observed that “today reminds us that our dockworkers are vital to creating a maritime industry where safety is assured and productivity increases.

“As dockworkers, you are the first link in the trade chain that fuels our economy and turns the potential of the blue economy into real national growth.

“Furthermore, the Federal Government has initiated safety and capacity-building programmes, including provision of modern protective equipment for dockworkers and riverine transport operators, as part of its commitments. Through NIMASA, we are enhancing safety training, improving emergency response capabilities, and enhancing professional development schemes.”

Also speaking at the event, the President General of the Maritime Workers Union of Nigeria (MWUN), Mr Francis Bunu, praised the Minister of Marine and Blue Economy, as well as agencies under his supervision especially NIMASA, for their commitment to dockworkers welfare.

According to him, “It is a great honour to join all dock workers in celebrating the 3rd edition of Dockworkers Day 2025. On behalf of the Maritime Workers Union of Nigeria (MWUN), I sincerely thank NIMASA, terminal operators, stevedores, and all maritime stakeholders for hosting this event and recognizing the vital role of dock workers in sustaining our nation’s maritime industry.”

He added that, “We deeply appreciate the leadership of the Honourable Minister of Marine and Blue Economy for his remarkable efforts in revitalizing Nigeria’s maritime sector, and the Honourable Minister of Labour and Employment for his steadfast commitment to the welfare and protection of Nigerian workers.”

In his goodwill message, the Minister of Labour and Employment, Mr Muhammadu Dingyadi, who was represented by Mr Emmanuel Igbinosun, Director of Productivity, Measurement and Labour Standards in the Ministry urged all stakeholders to remain committed to the ideals of safe work environment and appropriate remuneration for dockworkers in line with the International Labour Organisation (ILO) standards.

In their separate goodwill messages, the Nigerian Ports Authority, Nigerian Shippers’ Council, Nigerian Association of Stevedoring Operators (NASO), and Seaport Terminal Operators Association of Nigeria (STOAN) all commended dockworkers for their contribution to Nigeria’s maritime industry and pledged committed to ensuring enhanced welfare and safer working environment.

The Day of the Dockworker was organized by NIMASA in collaboration with NPA and NSC with support from the Federal Ministry of Marine and Blue Economy in recognition of the important, often hazardous job of dockworkers as well as raise awareness about Dockworkers.

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Nigeria Needs Cheap, Reliable Energy—Seplat

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Seplat Energy

By Faridat Yusuf

Seplat Energy says Nigeria needs cheap, reliable, and easy-to-get energy for everyone as the population is estimated to reach 237 million by 2025 and 400 million by 2050.

The Chief Operating Officer of the energy firm, Mr Samson Ezugworie, speaking at the 43rd NAPE Conference in Lagos, said, “The imperative before us is clear. We must build a prosperous Nigeria, and we can only do that with affordable and reliable energy that is accessible to all.”

The COO, in a statement issued by company’s Manager for Corporate Communications, Mr Stanley Opara, said over 70 million Nigerians still have no electricity and 170 million people use wood or other biomass for cooking, which is bad for homes and the environment.

“Today, more than 70 million Nigerians still lack access to electricity. More than 170 million people rely on biomass for cooking, and that’s terrible for the environment and for our households. And with Nigeria’s population projected to reach 237 million by 2025 and 400 million by 2050, the urgency to act is undeniable, because today’s problems will become far worse if we don’t take action now to solve them.”

“We will have 160 million more people to feed and house, and we need to create 100 million new jobs. But imagine what Nigeria can achieve if we do?” he queried.

He noted that Seplat Energy was working to produce more oil and gas. They are fixing wells, delivering gas from the ANOH Plant, and sending LPG from Sapele Plant.

“Our progress on gas initiatives like anoh, sapele, and lpg shipments is a testament to our commitment to nigeria’s prosperity. these projects are not just about energy; they are about transforming lives and powering nigeria’s development,” Mr Ezugworie said, adding that Nigerians should manage Nigeria’s resources and work with communities to build a stronger energy industry.

“We must also harness our huge reserves of gas and scale up gas and NGL production to expand domestic energy access, displace polluting imported generators, provide clean cooking for our people, and power our basic industries to support our national growth,” he said.

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NDLEA Teams Up With US, UK to Probe $235m Cocaine Shipment in Lagos

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NDLEA drug syndicate

By Adedapo Adesanya

The National Drug Law Enforcement Agency (NDLEA) is working with its US and British counterparts to investigate the origins of a $235 million cocaine shipment seized at Tincan Port in Lagos, in one of the country’s largest drug seizures.

NDLEA said in a statement signed by its spokesman, Mr Femi Babafemi, on Tuesday that it was working with the US Drug Enforcement Administration (DEA) and the UK’s National Crime Agency (NCA) to investigate after 1,000 kg of cocaine was discovered in an empty container at a terminal in Tin Can over the past weekend.

PTML operators, who noticed the consignment in an empty container, invited port stakeholders, including the NDLEA, Customs, and other security agencies, for a joint examination.

The drugs were formally handed over to the NDLEA on Tuesday after tests confirmed the substance was cocaine.

“After field tests confirmed the shipment to be cocaine, the consignment was formally transferred to NDLEA custody for further investigation on Tuesday, 11 November 2025,” Mr Babafemi said.

The operation followed collaborative engagements between NDLEA Chairman/CEO Mr Mohamed Buba Marwa and the Comptroller General of Customs, Mr Adewale Adeniyi.

“Due to the large quantity of the recovered Class A drug, valued at over $235 million (approximately N338 billion) on the international market, and the global dimension of the cocaine cartel, I directed that our leading international partners be involved in the investigation,” Mr Marwa said.

He revealed that officers from the US-DEA and UK-NCA have already joined the probe, focusing on ensuring all aspects of the operation are covered and that the masterminds behind the consignment are brought to justice worldwide.

“The essence of collaborating with our international partners on this case is to ensure no stone is left unturned, so that every perpetrator of this massive consignment is held accountable, wherever they are located,” Mr Marwa added.

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