Lagos State Government, through the Office of Special Adviser on Climate Change and Circular Economy (OCCE), has taken a step towards advancing sustainable development by signing an Expression of Interest (EoI) to partner with the EU-Africa Chamber of Commerce (EUACC) during COP29 in Baku, Azerbaijan.
The state government, in a statement, yesterday, by Special Adviser on Climate Change and Circular Economy for Lagos State, Mrs Titilayo Oshodi, said the strategic partnership aimed to unlock climate financing, foster technology transfer and promote green economic growth in Lagos State.
According to her, the move aligned with the vision of Governor Babajide Sanwo-Olu administration to position Lagos as a sustainable and resilient mega city.
The expression of interest 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.
Lagos State OCCE, through the Ministry of Economic Planning and Budget, 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. 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 ensures that environmental sustainability is a core component rather than an add-on of the state’s financial decision making across all ministries.’’
Speaking at the signing ceremony at the COP29 Climate Innovation Zone, Oshodi emphasised the importance of the partnership, saying: “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.
