President Bola Tinubu has approved the appointment of The Infrastructure Corporation of Nigeria (InfraCorp) headed by Dr Lazarus Angbazo, as the Lead Arranger and Developer of Evergreen City, Nigeria’s green industrial zone.
President Tinubu, on Sunday, explained that the development is in line with his commitment to ensure industrial development that meets the demands of the present and the future.
InfraCorp, according to Tinubu, will be involved, among the terms of reference, in the selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.
It is also tasked with the responsibility of raising private funding for the development of the city and constituent projects as well as coordinating with partners, development institutions, and other providers of capital and technical assistance.
Other terms of reference include reporting to the Supervisory Presidential Steering Committee on Project Evergreen
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.
Meanwhile, President Tinubu 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 the Special Presidential Envoy on Climate Action as Chairman, and Lolade Abiola (UN SE4ALL) as Secretary and 14 other members.
They are: Lazarus Angbazo (CEO, InfraCorp), Salisu Dahiru (CEO, NCCC), Aminu Umar-Sadiq (CEO, NSIA), Khalil Halilu (CEO, NASENI), Abba Abubabkar Aliyu (CEO, REA), Fatima Shinkafi (CEO, SMDF), Uzoma Nwagba (CEO, CrediCorp), Bala Bello (Deputy Governor, CBN), Teni Majekodunmi (NCCC), Nana Maidugu (NSIA), Michael Ivenso (NCCC), Suleiman Yusuf (Blue Camel Energy), and Chidi Ajaere (Jet EV).
The President, in a statement issued by Special Adviser on Media and Publicity, Ajuri Ngelale, tasked the committee to bring in “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.”
