Lagos State government on Thursday announced a plan to align the State, Federal, and International Climate policies with investor priorities to accelerate green finance and fund coastal resilience and ocean innovation projects.

This was contained in a communique from the recently held 11th Lagos International Climate Change Summit.

The state, in the document, resolved to develop bankable projects in renewable energy, aquaculture, and marine innovation.
It was agreed that data should be integrated with Artificial Intelligence and digital tools for efficient resource management while supporting research, startups, and partnerships to expand climate-smart and ocean innovation solutions.

Participants in the event concurred to utilise blended finance, fiscal incentives, and transparent systems to attract private and international investments.

They also agreed to strengthen environmental laws, enlarge mangrove, wetland, and marine habitat protection, and incorporate nature-based solutions and community initiatives into development planning.

The communiqué also resolved to promote electric vehicles and clean transport hubs linking land, water, and rail, and to ensure the expansion of EV infrastructure, support local manufacturing, and create green jobs.
Other resolutions include: adopting climate-smart agriculture, strengthening cooperatives, and building cold-chain systems to enhance food security and reduce waste.

They also recommended expanding drainage, water, and flood control infrastructure, as well as integrating resilience into housing and urban plans using smart water technologies and PPPs.

They also recommended the establishment of a climate project Office and investment fund to mobilise capital, strengthen investment opportunities institutions, and turn innovations into bankable climate projects”.
The summit also resolved to promote habitat restoration, digital biodiversity monitoring and ecotourism to protect ecosystems and create jobs.

The 11th Summit also reaffirmed Lagos State’s commitment to taking the lead in climate action, resilience building, and the advancement of the Blue Economy.

Among the key outcomes was a collective resolve to integrate policy, finance, technology and community-driven solutions to safeguard ecosystems, reduce emissions and promote sustainable livelihoods.
Stakeholders also called for immediate implementation of the recommendations across sectors, strengthened public-private community partnership, and sustained public service investment in green infrastructure and ocean innovation.

They all agreed that by operationalising these initiatives, Lagos can serve as a model for coastal resilience, sustainable urban growth and climate-smart economic development in Africa.