Lagos Moves to Mobilise Green Finance for Large-Scale Ocean Resilience, Coastal Protection and Climate Innovation Projects

The Lagos State Government has unveiled plans to align state, federal, and international climate policies with investor priorities to accelerate green financing for coastal resilience, renewable energy, and ocean innovation projects. The announcement followed resolutions reached at the 11th Lagos International Climate Change Summit in Lagos.

According to the summit communiqué, Lagos will prioritise the development of bankable projects across renewable energy, aquaculture, and marine innovation to attract both local and global investors.

Participants also agreed to adopt blended finance models, introduce fiscal incentives, and strengthen transparency to encourage increased private-sector and international funding

They recommended deploying data, artificial intelligence, and digital tools to enhance resource management while supporting research institutions, start-ups, and technology-driven climate solutions.

The summit further called for improved environmental protection through stricter enforcement of laws, expanded mangrove and wetland restoration, and wider adoption of nature-based solutions.

“Establish a Climate Project Office and investment fund to mobilize capital, strengthen institutions, and turn innovations into bankable climate projects.

“Scale grassroots programmes like Coastal Champions to build public participation, inclusion, and a strong culture of sustainability.”

The communiqué reaffirmed Lagos State’s commitment to leading climate action by integrating policy, finance, and technology to safeguard ecosystems and support sustainable livelihoods. Participants concluded by urging swift implementation of the recommendations and stronger partnerships across government, private sector, and communities to position Lagos as a model for coastal resilience and climate-smart development in Africa.