FRI NOV 21 2025-theGBJournal| The Lagos State Governor on Thursday signed the state’s the N14.815 billion Series III 16.00% Green Bond and the N230 billion Series IV 16.25% Bond under our N1 trillion Debt and Hybrid Instruments Programme.
In signing the Green Bond, the Governor said the signing shows what is possible when investors believe in Lagos.
”We set out to raise N14.815 billion for the Green Bond and received N29.29 billion in bids. For the Series IV Bond, our N200 billion target drew N310.06 billion in bids. Altogether, both issuances attracted N339.35 billion. That confidence is not something we take lightly,” the Governor said.
Sanwo-Olu said the Green Bond is especially meaningful because it is the first of its kind issued by a sub-national in Nigeria.
”It supports our THEMES Agenda, especially our work on environmental protection, climate resilience, and creating a safer Lagos for future generations.”
According to Sanwo-Olu, the Series IV Bond will strengthen critical areas like transport, housing, healthcare, education, and urban renewal. These are investments that touch real lives, not just numbers on a page.
”I am grateful to everyone involved, the Lagos State House of Assembly, the financial advisers, the issuing houses, the regulators, our civil service team, and above all, the investors who continue to place their trust in us.
We will keep working with transparency and accountability. Every kobo entrusted to us must lead to real improvements for our people.
Together, we are building a Lagos that is resilient, inclusive, and competitive.”
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