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LAMATA Targets Carbon Finance for Cleaner Lagos Transport

LAMATA and OCCE officials pose for a group photograph after their strategic meeting on cleaner transportation, carbon intelligence and climate financing opportunities in Lagos.

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The Lagos Metropolitan Area Transport Authority (LAMATA) is strengthening efforts to use reliable emissions data to unlock carbon financing and accelerate the development of cleaner, climate-resilient mass transportation across Lagos.

Managing Director of LAMATA, Engr. Mrs. Abimbola Akinajo, disclosed this when she received a delegation from the Office of Climate Change and Circular Economy (OCCE), led by the Special Adviser to the Governor, Mrs. Titilayo Oshodi, at the Authority’s headquarters.

Akinajo said LAMATA’s expanding portfolio of sustainable transport projects had positioned the Authority to deepen Lagos’ climate action while providing efficient and affordable mobility for millions of commuters.

She said the Authority was committed to developing a sustainable, climate-smart and data-driven mass transit system capable of reducing the carbon footprint of transportation across the state.

According to her, investments in electric and low-emission public transportation, together with the continued development of an integrated mass transit network, demonstrate Lagos’ commitment to aligning transport development with its wider climate objectives.

She stressed that credible emissions data would be essential to measuring the environmental benefits of transport investments, identifying further opportunities to cut emissions and positioning Lagos to access emerging global climate-financing opportunities.

The engagement between LAMATA and OCCE focused on strengthening collaboration in climate-smart transportation, carbon financing and the deployment of reliable emissions data to support Lagos’ transition to cleaner urban mobility.

During the meeting, the OCCE delegation demonstrated the DecarbonIQ Intelligence Platform, a technology-driven system designed to measure, monitor and manage carbon emissions across transport networks.

The platform includes an emissions-reduction advisory function that enables stakeholders to analyse transport-related emissions and identify opportunities for decarbonisation.

It also provides a unified source of carbon data through which stakeholders can track, validate and verify emissions information.

A key aspect of the demonstration was the platform’s alignment with Article 6 of the Paris Agreement, which provides mechanisms for international cooperation in meeting climate targets and supports the development of high-integrity carbon markets.

Oshodi stressed the importance of establishing a verified single source of carbon data for Lagos, describing the transport sector as critical to the state’s climate ambitions.

She highlighted the state’s growing investments in electric mobility, rail transportation and other low-carbon mass transit solutions, saying credible emissions data and effective carbon intelligence would be necessary to support and measure the impact of those investments.

The engagement was also attended by Dr. Adebola Odunsi and other OCCE representatives.

Akinajo assured the delegation that LAMATA was prepared to deepen collaboration with OCCE and other relevant stakeholders to develop robust, data-driven frameworks for sustainable transportation.

She said the Authority would continue to explore innovative approaches that combine technology, reliable data and sustainable infrastructure to improve mobility while reducing the environmental impact of transportation.

The collaboration is expected to strengthen Lagos’ ability to quantify the climate benefits of its mass transit investments, improve access to green capital and accelerate the transition to a cleaner and more resilient urban transportation system.

LAMATA Lagos

With Lagos expanding its electric and rail-based mass transit network, the initiative could create new opportunities for converting transport decarbonisation efforts into measurable environmental and financial value.

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Airlines

Onyema Hails Fidelity Bank for Repaying $400m Eurobond

Chairman, Air Peace Airlines – Dr. Allen Onyema

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The Chairman and Chief Executive Officer of Air Peace, Dr. Allen Onyema, has commended Fidelity Bank Plc for successfully repaying its $400 million Eurobond at maturity, describing the achievement as evidence of the bank’s financial strength and sound management.

Onyema particularly applauded the bank for financing the repayment entirely from its internal liquidity after meeting its obligations throughout the five-year tenure of the Eurobond.

In a congratulatory message issued on behalf of the Board, Management and Staff of Air Peace Limited, the airline chief attributed the achievement to the strategic leadership of Fidelity Bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe.

He noted that the bank’s successful repayment of the Eurobond, alongside its completion of the recapitalisation exercise ahead of the Central Bank of Nigeria’s stipulated deadline, demonstrated its commitment to sound corporate governance and sustainable financial management.

Onyema also highlighted the importance of financially strong banking institutions to the growth of capital-intensive sectors such as aviation, where access to financing is critical for fleet expansion, operational sustainability and industry development.

He stressed that resilient financial institutions and strong partnerships with indigenous businesses were essential to strengthening Nigeria’s economic competitiveness and supporting national development.

The Air Peace chairman congratulated Onyeali-Ikpe, the bank’s Board, Management and staff on the achievement, expressing confidence in the institution’s capacity to record greater milestones.

Chairman, Air Peace Airlines – Dr. Allen Onyema

He also reaffirmed Air Peace’s goodwill towards Fidelity Bank, wishing the financial institution continued growth, stability and greater accomplishments in Nigeria’s banking industry.

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Awards

CIBN Confers Honorary Fellowship on FAAN MD, Onabanjo-Kuku

The FAAN Managing Director, Mrs Olubunmi Onabanjo-Kuku, in a group photograph with CIBN officials and other dignitaries at the Institute’s Fellowship Investiture Ceremony in Lagos.

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The Chartered Institute of Bankers of Nigeria (CIBN) has conferred its prestigious Honorary Fellowship on the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Onabanjo-Kuku, in recognition of her contributions to banking, financial services and the aviation industry.

The Fellowship was formally conferred on Saturday, October 31, 2026, at the Institute’s Fellowship Investiture Ceremony held at Harbour Point Events Centre, Victoria Island, Lagos.

With the recognition, Onabanjo-Kuku is entitled to use the professional appellation FCIB after her name, marking her admission into the highest level of membership of the Institute.

CIBN described Fellowship as a recognition of lifetime achievement and professional excellence, noting that the FAAN chief executive had maintained a strong relationship with the Institute through her participation in its activities and contributions to its committees.

The Institute also acknowledged her role as Special Guest of Honour at the 2025 Executive Development Programme (EDP)/Presentation of Practice Licence.

Onabanjo-Kuku’s professional career spans several senior positions in the banking, consulting and aviation sectors, including Assistant Vice President, Finance/Senior Financial Officer at the Bank of Montreal, Canada, and Partner in Business Consulting at Ernst & Young (EY).

She also served as Assistant General Manager/Head of Business Unit Strategy at Bank PHB Plc and Special Assistant to the Minister of Aviation on Strategy and Infrastructure Development.

Beyond Nigeria, she serves as Vice President of Airports Council International (ACI) Africa, where she has contributed to the advancement of airport management and development across the continent.

FAAN Managing Director, Mrs Olubunmi Onabanjo-Kuku, with other award recipients and dignitaries at the CIBN Fellowship Investiture Ceremony in Victoria Island, Lagos.

Her conferment adds to the recognition of her professional experience and leadership across the financial services and aviation industries.

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Airspace

ATSSSAN Backs NAMA Push for Higher TSC, Aviation Clearance Revenue

Outgoing Chairman Comrade Wole Dada (left) handing over to Comrade Ekip Ekip Eso, during the inauguration of the branch’s new executive in Lagos

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The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), NAMA Branch, has pledged to support efforts by the Nigerian Airspace Management Agency (NAMA) to secure improved revenue allocation from the Ticket Sales Charge (TSC) and Aviation Height Clearance to strengthen its operational capacity.

The newly inaugurated executive of the union also pledged to promote industrial harmony, protect workers’ welfare and sustain constructive engagement with management to improve the agency’s performance.

The commitments were made by the new branch chairman, Comrade Ekip Ekip Eso, during the inauguration of the executive at NAMA headquarters annex in Lagos.

In a statement signed by NAMA’s Director of Public Affairs and Consumer Protection, Dr Abdullahi Musa, Eso said the new leadership would pursue responsible unionism, accountability and policies that promote members’ welfare and the development of Nigeria’s aviation industry.

He said adequate and sustainable funding was essential for NAMA to maintain critical air navigation infrastructure, strengthen operational capacity and discharge its statutory responsibility of managing Nigeria’s airspace.

According to him, the union would pursue constructive advocacy and engage relevant government authorities and industry stakeholders, alongside sister unions, to support the agency’s position on improved revenue allocation.

Eso said the new executive recognised the responsibility entrusted to it and would discharge its mandate with dedication, fairness and accountability.

He also commended members and stakeholders who supported the branch during its delegate conference in Jos, particularly the ATSSSAN National President, Comrade John Ogbe, for promoting dialogue and reconciliation that helped restore peace and mutual understanding within the union.

The chairman urged members to sustain the renewed unity in the association, noting that collective progress required mutual respect, cooperation and commitment to common objectives.

On workers’ welfare, he pledged that the executive would prioritise timely payment of entitlements, equitable career advancement, professional training, safe working conditions and sustained engagement with management.

He also called on NAMA management to intensify efforts towards securing the urgent approval and implementation of the agency’s new Conditions of Service, describing the document as important to addressing workers’ welfare and employment-related concerns.

NAMA New Logo

The new executive said it would maintain a cooperative relationship with management while ensuring that the legitimate interests of members remained adequately protected.

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