- As $50bn Lagos Investment Target, Ondo’s Coastal Rescue Take Centre Stage
Sterling Bank is deepening its support for sustainable development through targeted partnerships with the Lagos and Ondo State Governments at the 31st United Nations Climate Change Conference (COP31), holding from 9 to 20 November 2026 in Antalya, Türkiye.
The Bank’s involvement will centre on unlocking climate investment opportunities, expanding access to sustainable finance and linking state driven development agendas with global investors and development finance institutions.
The partnerships highlight the increasingly central role of subnational governments in Nigeria’s climate response, especially as states grapple with the twin task of building climate-resilient infrastructure while safeguarding communities already counting the cost of environmental damage.
Although funding remains vital to speeding up Nigeria’s energy transition and infrastructure growth, the escalating effects of coastal erosion, flooding and other climate risks have made it more pressing to channel capital into practical adaptation solutions.
At COP31, Sterling Bank will take part in the Lagos State Government’s programme, which aims to drive an estimated US$25–50 billion climate investment opportunity across more than 300 prospective projects. Under the leadership of the Office of Climate Change and Circular Economy (OCCE), the initiative will convene international investors, financial institutions and strategic partners to examine opportunities in renewable energy, sustainable transport, waste management, climate-resilient infrastructure, agriculture, and green enterprise.
A highlight of the State’s participation will be Lagos Climate Investment Day, scheduled for 13 November 2026.
The event will provide a platform to present the State’s investment pipeline, engage prospective financing partners, and explore structures capable of moving priority projects towards implementation. Sterling Bank will contribute its financing.
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