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Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessDangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others (11830 Views)

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Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by dre11(op): 9:55am On Oct 28, 2024
As a demonstration of support for President Bola Ahmed Tinubu’s CNG Initiative, Dangote Cement Plc, has invested $280 million (over N460bn) in compressed natural gas (CNG) technology and infrastructure.

According to it, the 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 investment is aimed at acquiring 100% 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.

Pathak said that the company’s CNG infrastructure investments have positively influenced Nigeria’s transition to cleaner fuels. He added that the CNG station at Obajana, capable of refuelling over 3,000 trucks, exemplifies this commitment, with a second station currently under development in Ibese to further support fleet operations.

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.

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

“We are now using CNG vehicles, especially with the new policy of the Federal Government, launched under the Renewed Hope Agenda by His Excellency, President Bola Ahmed Tinubu. We are committed to a cleaner and greener future,” he added.
https://dailytrust.com/dangote-backs-tinubus-cng-drive-with-n460bn-investment-in-trucks-others/

Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Anither563: 10:05am On Oct 28, 2024
Awesome!!
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by EmperorCaesar(m): 10:10am On Oct 28, 2024
cheesy

Dangote trying to key into the vision

To become the richest man in Africa, he must have been doing some things correctly. So if he trust his guts enough to follow PBAT's vision, then the route they're following is a promising path.



You arent smarter than Dangote

Hausas are sure the biggest businessmen in Nigeria
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Ballzproblem2: 2:46pm On Oct 28, 2024
Tinubu should convert his card to cng first
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Nwaikpe: 2:47pm On Oct 28, 2024
Nigerians are usually eager to jump into new technologies without appraising its possible downside.
This CNG technology is not being sponsored in any of the western countries because it is only but a "lesser demon" to petrol.
Most people are pushing for better and cheaper sources like Hydrogen, etc.

But Nigeria, no go hear "cheap" make their body rest.

They don't know that the price they would have paid in petrol cost, they will equally and much more pay in CNG technology and accident (explosion).



Anyways, God bless the IDF,
I, and all the northern nigerian muslim miscreants do stand with Israel and support their mopping of the world off animals and pigs like us.


cheesy cheesy cheesy cheesy
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by WiszyFraud: 2:47pm On Oct 28, 2024
Did you know??


Sleeping on the floor regularly:

- Fixes your spinal column.
- Resets your posture.
- Connection with the earth.
- No headaches, back pains, shoulder pains when you wake up in the morning.

Use your arm as a pillow.
Don’t be a slave of painkillers.


🤙🏽

Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Wasky101: 2:47pm On Oct 28, 2024
Ok
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by malali: 2:48pm On Oct 28, 2024
More CNG explosions loading grin

Someone built a 20 billion dollar refinery.

And the government wants to compete with him with CNG.

The monopoly mafia.

And you expect the CNG promotion to survive.

CNG kill you there.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by deedo93(m): 2:48pm On Oct 28, 2024
ok
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Djele: 2:49pm On Oct 28, 2024
Clueless T pAIN
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Faber(m): 2:49pm On Oct 28, 2024
Anything Dangote touches the price will goe up...

For me Dangote Group is a conglomerate owned by Nigerian wicked cabals and oligarchs that keep exploiting Nigeria's fragile economy through monopoly...

The masses are the ones suffering and feeling the heat
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Access03(m): 2:49pm On Oct 28, 2024
...
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Checkwell: 2:49pm On Oct 28, 2024
CNG is dangerous! It explodes dangerously.

Nigeria is not ready enough for this. Stop forcing it down our throat.

Get electric vehicles/busses as a government. Not cng!
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by tuoyoojo(m): 2:50pm On Oct 28, 2024
dangote na tinubu paddy
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Jestin: 2:50pm On Oct 28, 2024
There is already an endless queue with this new found love called CNG.

Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by zoedew: 2:50pm On Oct 28, 2024
The trucks damaging the poorly constructed roads. The roads are poorly constructed as a result of corruption. Why not partner the Nigeria Railways Corporation instead. The Railway engines can use gas as well.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Skyehigher1: 2:51pm On Oct 28, 2024
Ok
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Sleekfingers: 2:51pm On Oct 28, 2024
Ballzproblem2:
Tinubu should convert his card to cng first
Will that make any difference?
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by igwedubai2(m): 2:51pm On Oct 28, 2024
This is not funny at all ooooo. No hope of fuel coming down at all oooo
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by merits(m): 2:51pm On Oct 28, 2024
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by babztee(m): 2:51pm On Oct 28, 2024
Make them just rename Nigeria ,make we call an republic of Dangote 🌚
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by zombieHUNTER: 2:52pm On Oct 28, 2024
undecided

This is the kind of policies any sensible government goes for before removing fuel subsidy..
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by harmargedon: 2:53pm On Oct 28, 2024
cry
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by benardtotti(m): 2:53pm On Oct 28, 2024
dre11:
https://dailytrust.com/dangote-backs-tinubus-cng-drive-with-n460bn-investment-in-trucks-others/
If you own a car and you read this article and still go ahead to use or buy petrol then you are the biggest fool in the WHOLE WIDE WORLD!!!!!
imagine the biggest refiner investing in cng for his own business and you an ordinary civilian is busy shouting subsidy.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Aify147(m): 2:53pm On Oct 28, 2024
I really have not understood this cng thing
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by NOETHNICITY(m): 2:53pm On Oct 28, 2024
I am not understanding dangote
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by AntiChristian: 2:54pm On Oct 28, 2024
He go better for everyone who supports BAT!
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by CommonSense1967: 2:56pm On Oct 28, 2024
Nwaikpe:
Nigerians are usually eager to jump into new technologies without appraising its possible downside.
This CNG technology is not being sponsored in any of the western countries because it is only but a "lesser demon" to petrol.
Most people are pushing for better and cheaper sources like Hydrogen, etc.

But Nigeria, no go hear "cheap" make their body rest.

They don't know that the price they would have paid in petrol cost, they will equally and much more pay in CNG technology and accident (explosion).



Anyways, God bless the IDF,
I, and all the northern nigerian muslim miscreants do stand with Israel and support their mopping of the world off animals and pigs like us.


cheesy cheesy cheesy cheesy
Pls take your drugs this morning before you run naked to the market square.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by TheAlchemist: 2:56pm On Oct 28, 2024
We need fewer trucks on the road, and more investment in inter state railways.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by whytediamond(m): 2:56pm On Oct 28, 2024
grin

If you're able to make 50k USD (saved lump sum), you're not supposed to be poor forever, except one crazy aliment comes your way. God forbid!

50k USD can easily get you 3k USD monthly return.

With that, you're supposed to live comfortably in Nigeria.

Dangote's name alone will pay him more than 10kUSD per hour till he leaves this earth even if he does not further business expansion.

The issue na how to get the 50kUSD banked.

I'll get there soon enough. Inshallah.
Re: Dangote Backs Tinubu’s CNG Drive With N460bn Investment In Trucks, Others by Exousiang01(m): 2:56pm On Oct 28, 2024
This guy should leave some part for us to eat na....


I have one of my mudlogin units siting idle now for the last 3 months.

Abeg guys any update? make we share money ohhh
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