PRESIDENT TINUBU MOVES DIGITAL FREE ZONES INITIATIVE TO IMPLEMENTATION, TARGETS MORE GLOBAL JOBS AND INVESTMENT FOR NIGERIANS. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU MOVES DIGITAL FREE ZONES INITIATIVE TO IMPLEMENTATION, TARGETS MORE GLOBAL JOBS AND INVESTMENT FOR NIGERIANS President Bola Ahmed Tinubu has moved Nigeria’s Digital Free Zones initiative to its next phase, as the Renewed Hope administration seeks to make it easier for Nigerian technology and service companies to raise global capital, employ Nigerians and build for international markets without moving their businesses and intellectual property abroad. The President said the initiative will also create opportunities for more young Nigerians to work for global companies from Nigeria and expand the domestic ecosystem of engineers, developers, designers, lawyers, accountants and other professionals who provide services to growing digital businesses. “Nigeria has the talent, enterprise and ambition to build companies that can compete anywhere in the world. Our responsibility as a government is to ensure that Nigerians do not have to leave Nigeri...
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PRES. TINUBU APPOINTS INFRACORP AS LEAD DEVELOPER OF NIGERIA’S GREEN INDUSTRIAL ZONE, EVERGREEN CITY.(PHOTO).#PRESS RELEASE

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS INFRACORP AS LEAD DEVELOPER OF NIGERIA’S GREEN INDUSTRIAL ZONE, EVERGREEN CITY



In line with his commitment to ensure industrial development that meets the demands of the present and the future, 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, with the following terms of reference:


(1) Selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.


(2) Raising private funding for the development of the city and constituent projects.


(3) Coordinating with partners, development institutions, and other providers of capital and technical assistance.


(4) 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.


Furthermore, the President 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 following members:


(1) Special Presidential Envoy on Climate Action - Chairman 


(2) Lolade Abiola (UN SE4ALL) - Secretary 


(3) Lazarus Angbazo (CEO, InfraCorp) - Member


(4) Salisu Dahiru (CEO, NCCC) - Member 


(5) Aminu Umar-Sadiq (CEO, NSIA) - Member


(6) Khalil Halilu (CEO, NASENI) - Member 


(7) Abba Abubabkar Aliyu (CEO, REA) - Member 


(8) Fatima Shinkafi (CEO, SMDF) - Member 


(9) Uzoma Nwagba (CEO, CrediCorp) - Member 


(10) Bala Bello (Deputy Governor, CBN) - Member 


(11) Teni Majekodunmi (NCCC) - Member 


(12) Nana Maidugu (NSIA) - Member 


(13) Michael Ivenso (NCCC) - Member 


(14) Suleiman Yusuf (Blue Camel Energy) - Member 


(15) Chidi Ajaere (Jet EV) - Member


The President 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 at large.


Chief Ajuri Ngelale 


Special Adviser to the President


(Media & Publicity)


May 19, 2024

 

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