Tinubu Approves InfraCorp as Developer for Evergreen City Project
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 decision aligns with the President’s commitment to fostering industrial development that addresses both present and future demands.
According to a statement released on Sunday by the Special Adviser to the President (Media and Publicity), Ajuri Ngelale, the appointment includes comprehensive terms of reference for developing the green industrial zone. These terms are as follows:
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- Selection of Partners and Consultants: InfraCorp will select partners and consultants for critical development activities, including project design, environmental impact assessments, feasibility studies, financial modeling, and market engagement.
- Raising Private Funding: The corporation will be responsible for raising private funding for the development of Evergreen City and its constituent projects.
- Coordination: InfraCorp will coordinate with partners, development institutions, and other capital and technical assistance providers.
- Reporting: The corporation will report to the Supervisory Presidential Steering Committee on Project Evergreen.
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In addition to InfraCorp’s appointment, President Tinubu has also established the Presidential Steering Committee on Project Evergreen. This committee will act as the supervisory technical working group overseeing the project. The committee members include:
- Chairman: Special Presidential Envoy on Climate Action
- Secretary: Lolade Abiola (UN SE4ALL)
- Members: 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 statement concluded with President Tinubu’s expectation of absolute dedication and professionalism from all parties involved. The clear objective is to establish Nigeria as the leading manufacturing hub in Africa for renewable energy technologies, green solutions, and climate-adaptation technologies, benefiting both Nigerians and Africans at large.
