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Tinubu Appoints InfraCorp As Lead Developer Of Nigeria’s Evergreen City

Published

2 years ago

May 19, 2024

Tinubu Appoints InfraCorp As Lead Developer Of Nigeria’s Evergreen City

President Bola Tinubu has mandated the Infrastructure Corporation of Nigeria (InfraCorp) to spearhead the development of Evergreen City, Nigeria’s green industrial zone. This move aims to ensure industrial development aligned with both present needs and future sustainability…….CONTINUE READING ....KINDLY READ THE FULL STORY HERE▶

Key Responsibilities

Ajuri Ngelale, Special Adviser on Media and Publicity to the President, outlined the following terms of reference for InfraCorp:

Select partners and consultants for crucial development tasks.
Undertake project design, environmental impact assessments, feasibility studies, and financial modeling.
Engage with the market to raise private funding for city development.
Coordinate with partners, development institutions, and capital providers.
Report to the Supervisory Presidential Steering Committee on Project Evergreen.

Leadership at InfraCorp

Dr. Lazarus Angbazo, CEO of InfraCorp, brings extensive experience to the role, having previously served as President and CEO of General Electric in Nigeria. His academic background includes degrees in Mathematics, Industrial Engineering, and Corporate Finance from prestigious institutions in the United States.

Establishment of Steering Committee

President Tinubu also approved the formation of the Presidential Steering Committee on Project Evergreen. This committee will oversee the initiative, with the Special Presidential Envoy on Climate Action serving as Chairman.

Composition of Steering Committee

Key members of the Presidential Steering Committee include leaders from various sectors:

Lolade Abiola (UN SE4ALL) as secretary
Salisu Dahiru (CEO, NCCC)
Aminu Umar-Sadiq (CEO, NSIA)
Khalil Halilu (CEO, NASENI)
Abba Abubakar 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)
Chidi Ajaere (Jet EV)

President’s Expectations

President Tinubu emphasized the need for dedication and professionalism to drive the Evergreen City project. The objective is to position Nigeria as the leading manufacturing hub in Africa for renewable energy technologies, green solutions, and climate adaptation technologies.

Conclusion

The appointment of InfraCorp and the establishment of the Presidential Steering Committee signify a significant step towards sustainable industrial development in Nigeria. With a focus on renewable energy and climate solutions, Evergreen City aims to benefit not only Nigerians but also the broader African continent.

For further updates on this groundbreaking project, stay tuned.

I streamlined the information to highlight the key points and organized it for clarity. Let me know if you need more details on any specific aspect!

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‘HE NEVER HIRED ME!’: Inside Amaechi’s Furious Slapdown Of Nyesom Wike!

Published

16 hours ago

August 5, 2026

NivoNews

During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶

Additional context regarding the political exchange includes:

Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.

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THE ULTIMATE BETRAYAL: Why Obasanjo’s Greatest Mistake Was Bringing Bode George Into PDP!

Published

16 hours ago

August 5, 2026

NivoNews

During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶

Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.

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SHOCKWAVE IN FOREX MARKET: See How Much A Dollar Costs Today, August 5!

Published

16 hours ago

August 5, 2026

NivoNews

Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
- Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
- Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
- Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.