Lagos Secures Financing for Two Waste Conversion Projects at COP28

Lagos State’s participation in the ongoing 28th session of Conference of Parties (COP28) in Dubai, United Arab Emirates, has yielded quick dividend of opportunities.

Two waste conversion initiatives, which the State pitched at the global climate summit, have attracted significant interest from investors. They are Advanced Garbage Collection and Waste-to-Energy project, and building of new Sewage Treatment Plant.

Governor Babajide Sanwo-Olu, on Sunday, broke the news at an event held at Nigeria Pavilion, where he also presented the Phase Two of the Lagos State Climate Adaptation and Resilience Plan (LCARP) before global partners.

Sanwo-Olu said the two waste sector projects were at a pivotal stage, awaiting technical review by interested partners and disbursement of funds in order to transform the ideas to reality.

The development, the Governor said, marked another step forward in Lagos’ journey towards environmental sustainability and resilience, noting that the projects, if successfully delivered, would turn what had been a burden to opportunity for the State.

Sanwo-Olu said the investments represented his administration’s commitment to improve the lives of Lagosians and maintaining the status of the State as a beacon of progress.

He said: “Today marks a significant milestone in our journey towards sustainability and resilience. Two of our key initiatives, which are Advanced Garbage Collection and Waste-to-Energy project, and Sewage Treatment Plant, have attracted significant investment interest. These projects are currently at a pivotal stage; we are waiting on the investors to conduct technical analysis and put in the funds to turn the ideas into reality.