President Bola Tinubu has approved the appointment of Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Developer of Evergreen City, Nigeria’s green industrial zone.
Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement, disclosed that the move was in line with the president’s commitment to ensure industrial development that met the demands of the present and the future.
Ngelale also gave the terms of reference of the appointment to include the “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 and reporting to the Supervisory Presidential Steering Committee on Project Evergreen.”
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The statement disclosed that 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.”
Ngelale said the president expected absolute dedication and professionalism to drive the 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.
Meanwhile, the president has also approved the establishment of the Presidential Steering Committee on Project Evergreen, the supervisory technical working group, to oversee the pioneering endeavour.
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