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.
Tinubu also approved the appointment of Chief Ajuri Ngelale as Special Presidential Envoy on Climate Action and Chairman Project Evergreen, the supervisory technical working group, to oversee the pioneering endeavour.
This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Sunday in Abuja.
Ngelale said that this was in line with the President’s commitment to ensure industrial development that meets the demands of the present and the future.
He said that the terms of reference of the InfraCorp are selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.
It will be 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.
It will also be reporting to the Supervisory Presidential Steering Committee on Project Evergreen.
Dr Lazarus Angbazo, who is also a member of the Presidential Steering Committee, is the CEO of InfraCorp and holds a first-class Bachelor’s degree in Mathematics.
Angbazo has 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.(NAN)
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