Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Super Eagles Captain Troost-Ekong Retires From International Football Weeks Before AFCON

December 4, 2025

President Tinubu swears in ex-CDS Musa as defence minister

December 4, 2025

Invest At Home, Dangote Tells African Entrepreneurs

December 4, 2025
Facebook X (Twitter) Instagram
Trending
  • Super Eagles Captain Troost-Ekong Retires From International Football Weeks Before AFCON
  • President Tinubu swears in ex-CDS Musa as defence minister
  • Invest At Home, Dangote Tells African Entrepreneurs
  • Tinubu nominates Ibas, Dambazau as ambassadorial nominees
  • Appeal court upholds judgment barring VIO from stopping and impounding vehicles
  • Senate foreign affairs committee clears Oke, Are, Dalhatu for ambassadorial roles
  • Meta begins removal of under-16s from social media in Australia
  • Senate summons finance, Education ministers over $30m Safe School Initiative collapse
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Economy»Dangote Backs Tinubu’s CNG Drive With Fresh Investment In Trucks
Economy

Dangote Backs Tinubu’s CNG Drive With Fresh Investment In Trucks

VardiafricaBy VardiafricaOctober 28, 2024Updated:October 28, 2024No Comments2 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The President and Chief Executive of Dangote Group, Aliko Dangote, has expressed support for President Bola Tinubu’s energy transition drive from petroleum products to Compressed Natural Gas (CNG).

At a recent event, the billionaire businessman said the company’s investments in CNG are also in line with Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement, which aims for net-zero emissions by 2060.

“In this pursuit of transition to clean energy, we are optimistic of a remarkable accomplishment by President Bola Ahmed Tinubu, as he has taken the lead in the nation’s drive towards energy efficiency. This presupposes private sector intervention to support this noble idea initiated by the President,” Dangote said.

He noted that the company’s early adoption of CNG has made it the largest operator of CNG trucks in Nigeria, emphasising that the initiative is a boost to President Tinubu’s quest towards enhancing the nation’s energy independence and contributing to a more secure energy future.

“We are now using CNG vehicles, especially with the new policy of the Federal Government, launched under the Renewed Hope Agenda by His Excellency, President Bola Ahmed Tinubu. We are committed to a cleaner and greener future,” Dangote said.

Similarly, President Tinubu emphasised the urgent need for Nigeria to utilise its vast natural gas resources in the transportation sector. He stated that CNG transportation is an economic necessity for Nigeria, signalling a significant shift in the country’s approach to public transportation and energy use.

“Utilising natural gas to power Nigeria’s transportation industry is the next way to go,” he stated.

On its part, the Dangote Cement said its over $280m investment not only solidifies its leadership in the CNG sector but also reflects its dedication to mitigating climate change and supporting a transition to a low-carbon economy.

Group Managing Director of Dangote Cement Plc, Arvind Pathak, said the investment is aimed at acquiring 100% CNG trucks as part of a long-term plan to transition its entire fleet to CNG.

Pathak stated, “By mid-2026, Dangote Cement aims to operate a fleet predominantly powered by CNG. To facilitate this transformation, we are investing in expanding our CNG fuelling infrastructure, ensuring that our growing fleet has reliable access to CNG as our fuel.”

Pathak said that the company’s CNG infrastructure investments have positively influenced Nigeria’s transition to cleaner fuels.

He added that the CNG station at Obajana, capable of refuelling over 3,000 trucks, exemplifies this commitment, with a second station currently under development in Ibese to further support fleet operations

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

CBN retains interest rate at 27%

November 25, 2025

Nigeria’s Foreign Reserve Rises To $46bn

November 18, 2025

Hurricane Melissa Devastates Jamaica as Officials Assess Destruction

October 29, 2025

Leave A Reply Cancel Reply

Top Posts

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202490

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442

FG Reportedly Lists 15 Persons, BDCs As Terrorism Financiers

March 20, 202430
Don't Miss
Sports
Sports By VardiafricaDecember 4, 20253 Mins Read3

Super Eagles Captain Troost-Ekong Retires From International Football Weeks Before AFCON

By VardiafricaDecember 4, 20253 Sports Updated:December 4, 202503 Mins Read

Nigeria captain William Troost-Ekong has announced his retirement from international football, bringing to an end…

President Tinubu swears in ex-CDS Musa as defence minister

December 4, 2025

Invest At Home, Dangote Tells African Entrepreneurs

December 4, 2025

Tinubu nominates Ibas, Dambazau as ambassadorial nominees

December 4, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: info@vardiafrica.com
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

Super Eagles Captain Troost-Ekong Retires From International Football Weeks Before AFCON

December 4, 2025

President Tinubu swears in ex-CDS Musa as defence minister

December 4, 2025

Invest At Home, Dangote Tells African Entrepreneurs

December 4, 2025
Most Popular

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202490

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442

Type above and press Enter to search. Press Esc to cancel.