At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building practices to secure sustainable financing. Green building involves designing and constructing structures that prioritize environmental responsibility and resource efficiency throughout their lifecycle. Bolaji Balogun, CEO of Chapel Hill Denham, highlighted that sustainable projects attract lower-cost capital locally and internationally. He noted that certifications like EDGE (Excellence in Design for Greater Efficiencies) are increasingly sought after by multinational organizations for their energy-efficient and eco-friendly features.
Godwin Tapela, Senior Investment Officer at the International Finance Corporation (IFC), elaborated on the EDGE certification, designed to reduce construction’s environmental impact, particularly in emerging markets. He reiterated IFC’s commitment to promoting eco-friendly development through financing and awareness campaigns. Tapela emphasized the potential of sustainable financing methods such as Sukuk and blue financing to bolster the green building sector.
The five-day expo, themed “Building Nigeria Together,” featured over 60 exhibitors showcasing innovative products and sustainable practices in construction and design. Former President Olusegun Obasanjo praised participants for their contributions to advancing the industry. Renowned brands like SABA Steel, Dulux Paints, and ITB Nigeria participated, highlighting cutting-edge trends and sustainable solutions. The event reinforced the importance of collaborative efforts in driving Nigeria’s transition toward environmentally responsible construction.
