Lagos State Governor Babajide Sanwo-Olu says the overwhelming performance of the state’s latest bond issuances reflects deep global confidence in Lagos’ economic direction and long-term development agenda.
Speaking at the signing of the Series III Green Bond and Series IV Conventional Bond, he said the level of investor interest demonstrates trust in the state’s fiscal discipline and commitment to sustainable growth.
Lagos received a total of ₦339 billion in bids, far above expectations. The ₦14.8 billion green bond attracted ₦29 billion, while the conventional bond drew ₦310 billion, enabling the state to activate a ₦230 billion green-bond option—the largest sub-national issuance in Sub-Saharan Africa and Nigeria’s first sub-national green bond.
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Governor Sanwo-Olu assured residents that the funds will be deployed transparently to key infrastructure, including transport, housing, healthcare, education and climate-resilient projects.
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