The Lagos State Government, through its Office of Climate Change and Circular Economy (OCCE), has formed a strategic alliance with Access Bank, a prominent African financial institution, and Carbonivity, a leading firm in carbon asset development. This partnership aims to enhance climate investment during the 29th United Nations Climate Change Conference (COP29), scheduled to take place in Baku, Azerbaijan, from November 11 to 22, 2024.

As the largest city in Africa, Lagos is confronted with significant climate challenges due to its rapid urbanization. In its pursuit of sustainable development, the Lagos State Government is seizing this opportunity to attract climate finance and forge strategic partnerships that will reshape its approach to urban resilience and green growth.

Titi Oshodi, Special Adviser on Climate Change & Circular Economy, will represent Lagos State and Governor Babajide Sanwo-Olu's administration at the Sustainable Innovation Forum on November 14, 2024, at the Baku Marriott Hotel. She will also engage in a panel discussion at the Climate Action Innovation Zone titled “Future-Proofing Your Supply Chain: Mastering Circularity and Policy Shifts for Market Success,” alongside industry leaders such as Ermis Panagiotopoulos, Head of Advocacy, EMEA at Indorama Ventures, and Lewis Perkins, President of the Apparel Impact Institute. This session will emphasize the importance of circular economy practices in achieving sustainable development.

The Lagos State OCCE, operating under the Ministry of Planning and Budget, is actively seeking climate-related investment opportunities that align with UNFCCC Articles 6.2 and 6.4, with a focus on emissions reduction and ESG compliance. This initiative supports Lagos State’s goal of becoming a leader in sustainable urbanization while fostering economic resilience and environmental sustainability.

Lagos State's active involvement in COP29 demonstrates its commitment to tackling climate issues through meaningful collaborations, according to Titi Oshodi, Special Adviser on Climate Change & Circular Economy for the state.

“Together with Access Bank and Carbonivity, we are dedicated to obtaining green financing that will promote scalable climate initiatives and strengthen Lagos as a resilient, sustainable, and inclusive urban center,” she stated.


Access Bank, with its operations spanning Africa, the United Kingdom, Europe, and Asia, recognizes the critical role of sustainable finance and climate action in enhancing community well-being across Africa. Greg Jobome, Executive Director of Access Bank, remarked on the significant progress being made: “We are privileged to collaborate with Lagos State in achieving its climate goals. COP29 presents a vital platform to advocate for climate investment and green finance, which are crucial for fostering sustainable urban development in Africa’s dynamic cities.”

As a technical partner, Carbonivity will leverage its expertise in carbon asset development to aid Lagos State in reaching its sustainability targets. By establishing internationally compliant carbon offset projects, Carbonivity seeks to facilitate Lagos's access to carbon markets and promote sustainable economic growth.

“This collaboration with Lagos State and Access Bank marks a significant advancement toward creating scalable climate solutions in Africa,” stated Adebola Odunusi, Chief Executive Officer of Carbonivity Limited.

“Through the development of ESG-compliant carbon assets, we aim to create new financial avenues to support Lagos’ climate and economic ambitions. We are eager to enhance this partnership at COP29,” Odunusi concluded.

The Lagos State delegation attending COP29 in Baku will interact with stakeholders from diverse sectors to investigate opportunities for collaboration in climate investment, sustainable infrastructure, and circular economy projects. This engagement seeks to draw international investment to bolster Lagos State's climate initiatives and establish it as a leading example of green urban development throughout Africa.