By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Yes AfricaYes Africa
  • Home
  • Economy
    EconomyShow More
    Nigeria to overhaul telecom sector with new $1 billion investment
    May 23, 2025
    Nigeria targets 300 billion revenue new bond auction
    May 23, 2025
    Nigeria’s external debt servicing grows by 50%, now $2.01 billion
    May 22, 2025
    Uganda signs new $800 million financing deal with Islamic Development Bank
    May 22, 2025
    Haier to set up assembling hub in Kenya by 2026
    May 22, 2025
  • Technology
    TechnologyShow More
    How mobile money is driving growth in Africa
    May 21, 2025
    Nigeria set to rollout $2bn fibre network in Q4 2025
    May 20, 2025
    Vodacom pursuing joint fibre ventures in Africa broadband push
    May 20, 2025
    China to establish new Electric Vehicle factories in Nigeria
    May 20, 2025
    CBN launches new digital platform for Nigerians in diaspora
    May 19, 2025
  • Africa Development
    Africa DevelopmentShow More
    Nigeria to overhaul telecom sector with new $1 billion investment
    May 23, 2025
    Nigeria targets 300 billion revenue new bond auction
    May 23, 2025
    Nigeria’s external debt servicing grows by 50%, now $2.01 billion
    May 22, 2025
    Uganda signs new $800 million financing deal with Islamic Development Bank
    May 22, 2025
    Haier to set up assembling hub in Kenya by 2026
    May 22, 2025
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024

Categories

  • Africa Development
  • Economy
  • Technology
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2024 YesAfrica Company. All Rights Reserved.
Reading: Dangote to boost CNG initiative with ₦460 billion investment
Share
Sign In
0

No products in the cart.

Notification Show More
Aa
Yes AfricaYes Africa
0
Aa
  • Economy
  • Africa Development
  • Technology
Search
  • Home
  • Technology
  • Africa Development
  • Economy
  • Bookmarks
Have an existing account? Sign In
Follow US
  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Yes Africa > Blog > Africa Development > Dangote to boost CNG initiative with ₦460 billion investment
Africa DevelopmentEconomy

Dangote to boost CNG initiative with ₦460 billion investment

Oluwatobi Adebayo
Last updated: 2024/10/28 at 8:19 AM
Oluwatobi Adebayo
Share
2 Min Read
SHARE

Dangote Cement Plc has committed over $280 million (₦460 billion) toward acquiring CNG-powered trucks and infrastructure, demonstrating its support for President Bola Ahmed Tinubu’s CNG Initiative.

The investment demonstrates its ambition to drive sustainable energy solutions, positioning it as a leader in Nigeria’s transition to a low-carbon economy by converting its entire fleet to CNG-powered vehicles.

Arvind Pathak, Group Managing Director of Dangote Cement, noted that the company has already received 1,500 mono-fuel CNG trucks, with another 1,600 expected by year-end.

This will bring their CNG fleet to a total of 3,100 trucks, making Dangote Cement the largest CNG truck operator in Nigeria. The goal is to have the fleet predominantly powered by CNG, by mid-2026.

- Advertisement -

To support this transition, Dangote Cement is expanding its CNG refueling infrastructure, with an operational station in Obajana capable of refueling over 3,000 trucks. A second station is under construction in Ibese. These efforts contribute to Nigeria’s Nationally Determined Contributions (NDC) under the Paris Agreement, aimed at achieving net-zero emissions by 2060.

Aliko Dangote, President of the Dangote Group, emphasized that these efforts not only complement the government’s goals but also contribute to Nigeria’s energy independence. He highlighted that President Tinubu’s proactive approach, particularly under the Renewed Hope Agenda, has created an environment conducive to private-sector involvement in the country’s green transition.

In addition, the federal government is ramping up its CNG conversion goals. It plans to increase CNG vehicle conversions from 30,000 in 2024 to 250,000 by mid-2025, with a further expansion to one million conversions by 2027. As part of this initiative, Tinubu’s administration has ordered one million free CNG conversion kits for commercial vehicles.

Dangote Cement’s leadership in the CNG sector is part of a broader movement by Nigerian businesses to invest in alternative energy solutions. As Nigeria accelerates its CNG adoption, initiatives like this will be essential to improving energy efficiency, reducing greenhouse gas emissions, and supporting economic growth.

- Advertisement -
TAGGED: nigeria, Trending News
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article IMF calls for African oil exporters’ reforms to boost ‘subdued’ growth
Next Article Africa pushes for $120 billion to fight poverty

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -

Latest News

Nigeria to overhaul telecom sector with new $1 billion investment
Africa Development Economy May 23, 2025
Nigeria targets 300 billion revenue new bond auction
Africa Development Economy May 23, 2025
Nigeria’s external debt servicing grows by 50%, now $2.01 billion
Africa Development Economy May 22, 2025
Uganda signs new $800 million financing deal with Islamic Development Bank
Africa Development Economy May 22, 2025
//

We influence 20 million users and is the number one business and technology news network on the planet

Yes AfricaYes Africa
Follow US

© 2024 YesAfrica. All Rights Reserved.

  • Privacy Policy
  • Advertise
  • Careers
  • About Us
  • Contact
Welcome Back!

Sign in to your account

Register Lost your password?