By Ajiobola Osungbohun
In a bid to improve the infrastructure of the state, the governor of Lagos State, on Thursday, 20th November 2025, signed a loan agreement, receiving two different funds from undisclosed investors.
Sanwo disclosed this via his X handle filled with so much appreciation and said that a sum of ₦29.29B Green Bond was granted instead of ₦14.815B.
“Today shows what is possible when investors believe in Lagos. We set out to raise ₦14.815B for the Green Bond and received ₦29.29B in bids.”
He expressed how the state also attracted more funding from the ₦200B Series IV Bond target but got ₦310.06B.
In his words, “For the Series IV Bond, our ₦200B target drew ₦310.06B in bids. Altogether, both issuances attracted ₦339.35B. That confidence is not something we take lightly.”
The governor further mentioned that Lagos State is the first in Nigeria to be granted such a designation, supporting environmental protection, climate resilience, and the creation of a safer place for the next generation.
It will enhance the capacity of transport, housing, healthcare, education, and urban renewal.
“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.