Towards guaranteeing large-scale manufacturing in the country with a view to engendering industrialisation, economic development and job creation, President Bola Ahmed Tinubu has approved establishment of Evergreen City to serve as an industrial zone to actualise the development.
D’Gallery gathered that the industrial zone shall be exclusively powered by renewable energy technology and reserved for industries that engage in large-scale manufacturing.
The Evergreen City, Nigeria’s green industrial zone, is expected to be the biggest in Africa.
The President has also approved the appointment of The Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Arranger and Developer of the Evergreen City.
The president has also approved establishment of Presidential Steering Committee on Project Evergreen to serve as a supervisory technical working group, to oversee the pioneering programmes.
D’Gallery also gathered that the President had appointed his Special Adviser on Media and Publicity, Chief Ajuri Ngelale, who is the Special Presidential Envoy on Climate Action as Chairman of the Presidential Steering Committee on the Project Evergreen.
The terms of reference to lead developer include the selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement.
It is expected to undertake the responsibility of 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, and reporting to the Supervisory Presidential Steering Committee on Project Evergreen.
The CEO of InfraCorp, Dr. Lazarus Angbazo is a member of the Presidential Steering Committee on Project Evergreen.
A statement issued by the Presidential spokesman, Chief Ajuri Ngelale, stated: “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.”
