The Dangote Group says it has invested over $280m in Compressed Natural Gas technology and infrastructure, describing it as a demonstration of its support for President Bola Tinubu’s CNG initiative.
In a statement released on Sunday, the company revealed its $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 $280m investment is aimed at acquiring 100 per cent CNG trucks as part of a long-term plan to transition its entire fleet to CNG. He noted that plans are afoot to aggressively pursue this timeline of deployment, beginning in the first quarter of 2025.
Recall president Tinubu has adopted gas as Nigeria’s transition fuel, maintaining his administration’s drive to create a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and drive economic growth. As part of this initiative, he ordered the distribution of one million free CNG conversion kits for commercial vehicles involved in transporting people, food, and goods.
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