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Home»Business»InfraCorp becomes  developer for Green Industrial Zone as FG inagurates Committee 
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InfraCorp becomes  developer for Green Industrial Zone as FG inagurates Committee 

meridianspyBy meridianspyMay 20, 2024No Comments2 Mins Read
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President Bola Tinubu has appointed Infrastructure Corporation of Nigeria (InfraCorp) as the lead arranger and developer of Evergreen City, Nigeria’s green industrial zone.

In a statement on Sunday, Ajuri Ngelale, special adviser to the president on media and publicity, said InfraCorp will be responsible for the selection of partners and consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.

Also, it will raise private funding for the development of the city and constituent projects, coordinate with partners, development institutions, and other providers of capital and technical assistance, as well as report to the supervisory presidential steering committee on project evergreen.

Tinubu 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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The presidential steering committee are Ngelale — the special presidential envoy on climate action – who will serve as chairman and Lolade Abiola, United Nations Sustainable Energy for All (UN SE4ALL), will serve as secretary.

Other members of the committee are:

Lazarus Angbazo (chief executive officer (CEO), InfraCorp) – member

Salisu Dahiru (CEO, National Council on Climate Change (NCCC)) – member

Aminu Umar-Sadiq (CEO, Nigeria’s Sovereign Wealth Fund (NSIA)) – member

Khalil Halilu (CEO, National Agency for Science and Engineering Infrastructure (NASENI)) – member

Abba Abubabkar Aliyu (CEO, Rural Electrification Agency (REA)) – member

Fatima Shinkafi (CEO, Solid Minerals Development Fund (SMDF)) – member

Uzoma Nwagba (CEO, Consumer Credit Corporation (CrediCorp)) – member

Bala Bello (deputy governor, Central Bank of Nigeria (CBN)) – member

Teni Majekodunmi (NCCC) – member

Nana Maidugu (NSIA) – member

Michael Ivenso (NCCC) – member

Suleiman Yusuf (Blue Camel Energy) – member

Chidi Ajaere (Jet EV) – member

Ngelale said Tinubu expects 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 at large

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