Lagos State has launched a climate finance initiative aimed at positioning itself as Africa’s leading sub-national climate finance hub. The effort comes as part of broader regional strategies to address climate change and promote sustainable development. The initiative is expected to attract both local and international investment in green projects across the state.
The program focuses on supporting renewable energy, sustainable agriculture, and climate resilience infrastructure. Officials say the move aligns with national and global climate goals, including the Paris Agreement. By creating a dedicated platform for climate finance, Lagos aims to serve as a model for other sub-national governments in Africa.
The initiative was announced during a high-level event in Lagos, where government officials and international partners discussed the role of cities in climate action. The state government has already secured initial funding from regional and international organizations to support the program’s early stages. (businessday.ng)
