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    Home»Business & Economy»Dangote backs Tinubu’s CNG drive with N460bn investment in trucks, others
    Business & Economy

    Dangote backs Tinubu’s CNG drive with N460bn investment in trucks, others

    Tahir AhmedBy Tahir AhmedOctober 28, 2024No Comments2 Mins Read
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    Dangote backs Tinubu’s CNG drive with N460bn investment in trucks, others
    By NEXTER
    Dangote Cement Plc, has invested $280 million (over N460bn) in compressed natural gas (CNG) technology and infrastructure.
    President/Chief Executive, Dangote Group, Aliko Dangote said the company’s investments in CNG were also in line with Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement, which aims for net-zero emissions by 2060.
    He said, “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.
    “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.”
    Also, the Group Managing Director of Dangote Cement Plc, Arvind Pathak, said, “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.
    “We are keeping our eyes on the ball to ensure that we do not miss our target dates of full compliance.”

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