Lagos State is set to launch Africa’s first subnational carbon exchange, with an estimated $1 billion in revenue expected over the next 15 years from the generation and trading of 1.2 million carbon credits.
The announcement was made by Titi Oshodi, Special Adviser to Governor Babajide Sanwo-Olu on Climate Change and Circular Economy, during the launch of the “80 Million Credit Float Project” at the Bagauda Kaltho Press Centre, Alausa, as contained in a statement published on the official website of the Lagos State Government on Friday, June 6, 2025.
According to Oshodi, the planned Lagos Carbon Exchange (LCX) will enable the state to monetize emissions reductions through certified carbon credits.
