• Contact
Tuesday, February 10, 2026
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Emmerson Mnangagwa

    Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

    Corredor do Lobito 02

    Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

    beispielprojekt solar angola 1

    Africa solar capacity seen rising sixfold after 2025 record

    Trending Tags

  • Business
    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

    Standard Bank

    Top African lender Standard Bank loses more dealmakers to Absa

    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Emmerson Mnangagwa

    Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

    Corredor do Lobito 02

    Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

    beispielprojekt solar angola 1

    Africa solar capacity seen rising sixfold after 2025 record

    Trending Tags

  • Business
    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

    Standard Bank

    Top African lender Standard Bank loses more dealmakers to Absa

    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Economy

Dangote backs Tinubu’s CNG drive, invests over $280m in trucks, infrastructure

TAB by TAB
28/10/2024
in Economy
0
Le Nigeria autorise la NNPC a vendre du petrole directement a la raffinerie Dangote
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

In a demonstration of its support for President Bola Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner fuelling alternatives for all Nigerians, Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural gas (CNG) technology and infrastructure.

Dangote, in a statement, said President Tinubu, whose commitment to CNG deployment and clean energy is unmatched in Africa, has maintained his administration’s drive to create a conducive environment for private sector investments and expand Nigeria’s CNG infrastructure to enhance energy efficiency and drive economic growth.

Related posts

Emmerson Mnangagwa

Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

05/02/2026
1
Corredor do Lobito 02

Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

05/02/2026
4

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.

At a recent event, the president emphasised the urgent need for Nigeria to utilise its vast natural gas resources in the transportation sector, stating 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 the over $280 million 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.

Arvind Pathak, Group Managing Director of Dangote Cement Plc, said the investment aims to acquire 100 per cent CNG trucks as part of a long-term plan to transition its entire fleet to CNG.

This move marks a significant milestone in Dangote’s clean energy transition, with the objective of operating most of its fleet on CNG by mid-2026.

As at October, the company has received its first batch of 1,500 mono-fuel CNG trucks while expecting additional 1,600 CNG trucks; totalling 3,100 before the end of the year.

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.”

He said plans are afoot to aggressively pursue this timeline of deployment, beginning from the first quarter of 2025.

“We are keeping our eyes on the ball to ensure that we do not miss our target dates of full compliance,” he added.
President/Chief Executive, Dangote Group, Aliko Dangote 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.

He said: “In this pursuit of transition to clean energy, we are optimistic of a remarkable accomplishment by President Bola 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.”

Source: Vanguard
Previous Post

Ford seeing progress in southern corridor development, albeit slow

Next Post

South Africa’s Pick n Pay exits Nigeria after four years

Next Post
South Africa’s Pick n Pay exits Nigeria after four years

South Africa’s Pick n Pay exits Nigeria after four years

RECOMMENDED NEWS

news6

Life on the Edge: At home in Mount Agung’s Danger Zone

5 years ago
4
news4

Indonesia Among Top 10 Destinations For Chinese Tourists In 2017

4 years ago
5
World Bank approves $335m to scale up grid extension and densification in Tanzania

World Bank approves $335m to scale up grid extension and densification in Tanzania

3 years ago
6
South Africa, Mauritius and Seychelles top the 2022 UN e-government rankings for Africa

South Africa, Mauritius and Seychelles top the 2022 UN e-government rankings for Africa

3 years ago
11

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor
  • Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority
  • Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business