Sunday, June 15, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Dangote backs Tinubu’s CNG revolution with $280m

Simon Osuji by Simon Osuji
October 28, 2024
in Business
0
Dangote backs Tinubu’s CNG revolution with $280m
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Dangote Cement Plc has made a substantial commitment to Nigeria’s clean energy future with an investment of over $280 million (₦460 billion) in compressed natural gas (CNG) technology and infrastructure.

This development aligns with the company’s support for President Bola Ahmed Tinubu’s CNG Initiative, aimed at steering Nigeria toward a low-carbon economy and providing more sustainable, affordable energy solutions.

Arvind Pathak, Group Managing Director of Dangote Cement Plc, stated that the $280 million investment is focused on acquiring 100 per cent CNG trucks, as part of the company’s long-term strategy to transition its entire fleet to compressed natural gas.

Pathak noted that this move marks a major milestone in Dangote’s clean energy transition, to operate the majority of its fleet on CNG by mid-2026.

The GMD emphasized that this shift represents a significant milestone in Dangote’s clean energy transition, to convert most of its fleet to CNG by mid-2026.

Pathak noted that, as of October, the company had received its first batch of 1,500 mono-fuel CNG trucks and is expecting an additional 1,600, bringing the total to 3,100 trucks by the end of the year.

Dangite has already established a CNG station in Obajana, capable of refuelling over 3,000 trucks, and another station is under development in Ibese to further bolster its operations.

Aliko Dangote, President and Chief Executive of Dangote Group, highlighted the alignment of this investment with Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement, which targets net-zero emissions by 2060.

Source link

Related posts

South Africa withdraws troops from DRC as first 249 soldiers return home

South Africa withdraws troops from DRC as first 249 soldiers return home

June 15, 2025
Nigeria condemns Israel’s attack on Iran, calls for restraint and dialogue

Nigeria condemns Israel’s attack on Iran, calls for restraint and dialogue

June 15, 2025
Previous Post

Sustainable Markets Initiative unveils support to Commonwealth Member States at CHOGM

Next Post

Storytelling study provides a window into the inner workings, ongoing limitations of generative AI tools like ChatGPT

Next Post
Storytelling study provides a window into the inner workings, ongoing limitations of generative AI tools like ChatGPT

Storytelling study provides a window into the inner workings, ongoing limitations of generative AI tools like ChatGPT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

President El-Sisi Meets the Board Chairman of the Martyrs and Victims Honoring Fund

President El-Sisi Meets the Board Chairman of the Martyrs and Victims Honoring Fund

7 months ago
Prof lists advantages of GMO technology – EnviroNews

Prof lists advantages of GMO technology – EnviroNews

6 months ago
Klarna launches a suite of new features, including an AI-powered image-search tool

Klarna launches a suite of new features, including an AI-powered image-search tool

2 years ago
Appointment of the New Chief Executive Officer of the Fair Trading Commission

Appointment of the New Chief Executive Officer of the Fair Trading Commission

1 month ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.