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Sanwo-Olu emphasizes the urgency of financing to address water scarcity

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Sanwo Olu seeks funding to tackle water shortage

Sanwo-Olu disclosed that with a population of over 22 million people, Lagos is only able to meet a fraction of its daily potable water demand, receiving only 210 million gallons out of 700 million needed.

Highlighting the severity of the situation, the governor stressed, “Given our limited resources, this disparity poses a significant challenge. We cannot afford to make excuses anymore. Underserved communities are bearing the brunt of this gap, posing a high public health risk.”

He emphasized that Lagos requires less than 1% of the global $1.7 trillion clean water investment gap.

Governor of Lagos State, Mr. Babajide Sanwo-Olu (second left) addressing a side meeting at the ongoing 28th session of Conference of Parties (COP28) with the theme: “Valuing Water: A Lifeline in Climate Transition”, organized by the Business and Philanthropy Climate Forum and Sustainable Market Initiative at Dubai Exhibition Centre, UAE, on Friday, December 1, 2023. PC: Lagos Press Secretary

Sanwo-Olu expressed his hope that the discussions at the event would lead to sustainable solutions to cater to the water needs of millions of people. He stressed the importance of committed partners believing in the economic viability of their investments.

The governor also pointed out the impact of irregular electricity supply on installed capacity utilization, which falls below 40%. He advocated for equity in the allocation of climate financing to cities like Lagos, where there is a large youth population that could benefit from such funding.

Reiterating the need for global accountability and equal access to resources, Sanwo-Olu emphasized, “It does not matter where in the world we are from; equal access is a fundamental necessity. In resource allocation, equity should be a primary focus of the global response.”

The ongoing 28th session of the Conference of Parties (COP28) at the Dubai Exhibition Centre is hosting the theme, “Valuing Water: A Lifeline in Climate Transition”, organized by the Business and Philanthropy Climate Forum and Sustainable Market Initiative.

The Valuing Water roundtable at the COP28 climate talks brought together anti-poverty groups and corporations to advocate for increased investments in clean water projects worldwide.

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