President Bola Tinubu has approved the appointment of The Infrastructure Corporation of Nigeria (InfraCorp) as the lead arranger and developer of Evergreen City, Nigeria’s green industrial zone.
According to a statement by the special adviser to the president on media and publicity, Ajuri Ngelale, the terms of reference for the appointment of InfraCorp include the selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.
InfraCorp headed by the former president, and CEO of General Electric (GE), Nigeria, Dr. Lazarus Angbazo, is touted to raise private funding for the development of the city and constituent projects—coordinating with partners, development institutions, and other providers of capital and technical assistance, and reporting to the Supervisory Presidential Steering Committee on Project Evergreen.
Other members of the supervisory technical working group of the Presidential Steering Committee on Project Evergreen to oversee the initiative are:
(1) Special Presidential Envoy on Climate Action – Chairman
(2) Lolade Abiola (UN SE4ALL) – Secretary
(3) Lazarus Angbazo (CEO, InfraCorp) – Member
(4) Salisu Dahiru (CEO, NCCC) – Member
(5) Aminu Umar-Sadiq (CEO, NSIA) – Member
(6) Khalil Halilu (CEO, NASENI) – Member
(7) Abba Abubabkar Aliyu (CEO, REA) – Member
(8) Fatima Shinkafi (CEO, SMDF) – Member
(9) Uzoma Nwagba (CEO, CrediCorp) – Member
(10) Bala Bello (Deputy Governor, CBN) – Member
(11) Teni Majekodunmi (NCCC) – Member
(12) Nana Maidugu (NSIA) – Member
(13) Michael Ivenso (NCCC) – Member
(14) Suleiman Yusuf (Blue Camel Energy) – Member
(15) Chidi Ajaere (Jet EV) – Member
The statement also reads the project is focused on making Nigeria the leading manufacturing hub in Africa for renewable energy technologies, green solutions, and climate-adaptation technologies for the maximum benefit of Nigerians and Africans at large.
