President Bola Ahmed 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.
The move, according to a release issued yesterday by presidential spokesperson, Ajuri Ngelale, is in line with the president’s commitment to ensure industrial development that meets the demands of the present and the future.
The appointment of InfraCorp as Lead Arranger and Developer, he said, is with the following terms of reference: “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 as well as reporting to the Supervisory Presidential Steering Committee on Project Evergreen.”
Tinubu also approved the establishment of a 15-man Presidential Steering Committee on Project Evergreen, the supervisory technical working group, to oversee the pioneering endeavour. The committee membership include: Ngelale, Special Presidential Envoy on Climate Action-Chairman; Lolade Abiola (UN SE4ALL), Secretary; Lazarus Angbazo (CEO, InfraCorp); Salisu Dahiru (CEO, National Council on Climate Change (NCCC); Aminu Umar-Sadiq (CEO, Nigeria Sovereign Investment Authority (NSIA); Khalil Halilu (CEO, NASENI), among of others.
