Lagos, March 24^th, 2025.

As part of the Lagos State Government’s ongoing clean energy initiatives, the Special Adviser on Climate Change and Circular Economy, Titilayo Oshodi, delivered a powerful keynote address at The Art of Wealth conference on “Solar Energy as a Key Driver for Economic Growth and Environmental Sustainability in Lagos.” Her speech emphasized the urgent need for Lagos to transition to clean energy, positioning solar power as a catalyst for sustainable development, wealth creation, and an improved quality of life.

With Lagos standing as Africa’s economic powerhouse and investment hub, unreliable electricity remains a critical barrier to growth. Businesses lose billions annually due to power outages, real estate developers struggle with rising energy costs, and families bear the financial and health burden of generator dependency. However, with abundant sunshine available year-round, the city has an untapped opportunity to transform its energy landscape.

“Real estate is no longer just about location; it is about energy security. The future of property development in Lagos is solar-powered, offering lower operational costs, higher property values, and greater investment potential,” Titilayo Oshodi stated. She called on investors, policymakers, and developers to integrate solar solutions into residential, commercial, and industrial projects, ensuring long-term economic gains and environmental benefits.

This commitment to sustainable energy aligns with the Federal Government’s 80 Million Clean Cookstove distribution initiative, demonstrating that clean energy investments yield massive financial returns. The Clean Cookstove Project is reducing energy poverty while generating fast-tracked carbon credit revenues, highlighting the financial viability of green energy investments.

The same financial potential exists in solar-powered real estate. Green buildings and solar-integrated developments in Lagos can unlock:

• Carbon credit funding tapping into a billion-dollar global market.
• Access to international climate finance and impact investment funds.
• Higher property valuations and faster sales cycles.
• Energy cost savings of up to 40% for homeowners and businesses.

By mirroring the Clean Cookstove financial model, solar real estate investors can expect rapid returns on investment, making green development the most profitable sector for Lagos’ future.

Titilayo Oshodi further emphasized Lagos’ leadership role in Africa’s clean energy transition, urging private-sector partnerships to accelerate green real estate development.

“The shift to solar is not just an environmental decision; it is a financial game-changer. A stable, solar-powered Lagos will attract global investments, create jobs, and position us as a model for sustainable urban growth.”

As Lagos moves toward a cleaner, more resilient future, the call to action to invest in solar in order to build wealth and secure Lagos’ future.