The 17-year-old will take part in the women’s platform preliminary event in the morning, where she will dive last, with the final taking place in the afternoon.
Lobb will be joined in the competition by Great Britain team-mate Lois Touslon, who won the national title in Plymouth back in February.
Water polo player Beth Ward is so far the only city athlete to have tasted action at the inaugural European Game in Baku.
Lobb is certainly keen to make her mark on the big stage after recovering from an early season injury.
“I’m definitely looking to get on the podium at Baku but record a personal best is my main aim,” she said.
“It’s a great event to be part of and to be wearing the Olympic rings makes it even more special and added motivation to do well.
“I’m hoping to raise that here at the Games and finish the season on a real high.
“We’re a close group in the diving squad and all that’s nice to have around you, especially at big events like these. Everyone supports each other and wants you to do well.”
Lobb is one of three Plymouth divers out in Azerbaijan. The others are Ireland’s Natasha MacManus and Lobb’s cousin Matthew Dixon.
MacManus will compete on Thursday in the one-metre springboard and then again on Sunday in the three-metre event.
Dixon, who has flown to Baku from Rostock where he made his European Championship debut, will dive in the platform event on Sunday, alongside GB team-mate Matty Lee.
Plymouth Leander have three swimmers competing for Great Britain in Baku – Tom Fannon, Joe Hulme and Laura Stephens – however the swimming events do not start until June 24.
Fencing also starts that day and Plymouth Olympian Corinna Lawrence will be representing her country there.