Lagos State Governor, Babajide Sanwo-Olu, has urged for sustainable private and philanthropic financing to address the inadequate water infrastructure in the state.
Speaking at a United Nations climate change conference-side event in Dubai on Friday, Governor Sanwo-Olu highlighted the pressing issue, revealing that Lagos, with over 22 million residents, only receives 210 million gallons of its required 700 million daily potable water.
Despite resource challenges, the governor emphasized the need for action, stating, “This gap is being felt by underserved communities, and the risk to the public is high.”
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Sanwo-Olu noted that Lagos requires less than 1% of the global $1.7 trillion clean water investment gap and expressed hope that discussions at the conference would lead to sustainable solutions.
Highlighting the impact of irregular electricity on water infrastructure, the governor called for equity in channelling climate financing to cities like Lagos, where a large youth population could benefit significantly from such investments.
He stressed the importance of equal access and accountability in the global response to climate change.
The theme of the event, “Valuing Water: A Lifeline in Climate Transition,” was organized by the Business and Philanthropy Climate Forum and Sustainable Market Initiative at the ongoing 28th session of the Conference of Parties (COP28) at the Dubai Exhibition Centre.
The Valuing Water roundtable at COP28 focused on increased investments in clean water projects globally, with participation from anti-poverty groups and corporations.
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