By George George Idowu
President Bola Tinubu has approved the establishment of the Presidential Committee on project Evergreen, the supervisory technical working group, to oversee the pioneering endeavour.
According to a statement to that effect from the Presidency, the 15 man Committee would be chaired by the Special Presidential Envoy on Climate Action, Chief Ajuri Ngelale while Lolade Abiola will serve as the Secretary.
In a related development, President Tinubu has also approved appointment of The Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Arranger and Developer of Evergreen City, Nigeria’s green industrial zone.
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The appointed developer of the Evergreen city was saddled with the responsibility of selection of partners consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.
The developer will also 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, and report 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.
Part of the statement reads “ President Tinubu expects 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.”
