DANGOTE GROUP INVESTS $280 MILLION IN CNG CONVERSION TO SUPPORT GOVERNMENT’S CNG INITIATIVE

The Dangote Group says it has invested over $280m in Compressed Natural Gas technology and infrastructure, saying it is in demonstration of its support for President Bola Tinubu’s CNG initiative.

In a statement  the company said 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.

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.

On its part, the Dangote Cement said it has keyed into the initiative to ensure its trucks are CNG-powered.

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