Tinubu appoints InfraCorp to lead Nigeria’s green industrial city project

By: Babajide Okeowo

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.

This development was announced in a statement by presidential spokesman, Ajuri Ngelale, on Sunday.

He noted that this was in line with President Tinubu’s commitment to ensure industrial development that meets the demands of the present and the future.

The company has as terms of reference: “Selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.

“Raising private funding for the development of the city and constituent projects.

“Coordinating with partners, development institutions, and other providers of capital and technical assistance.

“Reporting to the Supervisory Presidential Steering Committee on Project Evergreen.”

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Ngelale said Dr. Lazarus Angbazo, CEO of InfraCorp, holds a first-class Bachelor’s degree in Mathematics; a Master’s degree in Industrial Engineering and Operations Research from the University of Iowa, and a Doctorate degree in Corporate Finance from the New York University.

“He was President and Chief Executive Officer of General Electric in Nigeria, where he doubled GE’s revenue. He was also the CEO of General Electric Grid Solutions Africa and led GE’s regional operations between 2008 and 2012 as President and CEO, West, East & Central Africa,” he said.

Furthermore, the presidential spokesman said the President has approved the establishment of the Presidential Steering Committee on Project Evergreen, the supervisory technical working group, to oversee the pioneering endeavour.

The Presidential Steering Committee is composed of Special Presidential Envoy on Climate Action as Chairman, while Lolade Abiola (UN SE4ALL) – Secretary; Lazarus Angbazo (CEO, InfraCorp) – Member; Salisu Dahiru (CEO, NCCC) – Member; Aminu Umar-Sadiq (CEO, NSIA) – Member; Khalil Halilu (CEO, NASENI) – Member; Abba Abubabkar Aliyu (CEO, REA) – Member; Fatima Shinkafi (CEO, SMDF) – Member, and Uzoma Nwagba (CEO, CrediCorp) – Member.

Other members include Bala Bello (Deputy Governor, CBN) – Member; Teni Majekodunmi (NCCC) – Member; Nana Maidugu (NSIA) – Member; Michael Ivenso (NCCC) – Member; Suleiman Yusuf (Blue Camel Energy) – Member, and Chidi Ajaere (Jet EV) – Member.

He said the president expected absolute dedication and professionalism to drive this critical project with the clear objective of 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.

 

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