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.
According to a statement issued by Special Adviser on Media and Publicity, Ajuri Ngelale, this is in line with his commitment to ensure industrial development that meets the demands of the present and the future.
The terms of reference include: Selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement and Raising private funding for the development of the city and constituent projects.
Others are Coordinating with partners, development institutions, and other providers of capital and technical assistance and Reporting to the Supervisory Presidential Steering Committee on Project Evergreen
CEO of InfraCorp, Lazarus Angbazo, 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.