Dangote Announces ‘New’ Investment To Support Tinubu’s Govt

The President and Chief Executive of Dangote Group, Aliko Dangote, has announced his company’s recent support to President Bola Ahmed Tinubu’s administration.

During a recent gathering, Dangote highlighted the company’s investments in CNG to support Nigeria’s Nationally Determined Contribution (NDC) as outlined in the Paris Agreement, which targets achieving net-zero emissions by 2060.

According to Dangote, the investment exceeding $280 million not only reinforces the company’s position as a leader in the CNG sector but also demonstrates its commitment to addressing climate change and facilitating a shift towards a low-carbon economy.

He said this was targeted at supporting the incumbent administration in its bid to transition from petroleum products to Compressed Natural Gas (CNG).

In his remark, Arvind Pathak, Group Managing Director of Dangote Cement Plc, noted that the investment is focused on acquiring a fleet of 100% CNG trucks to convert its entire fleet to CNG.

He said: “By mid-2026, Dangote Cement intends to operate a fleet primarily powered by CNG. To support this transition, we are investing in the expansion of our CNG fuelling infrastructure, ensuring that our growing fleet has dependable access to CNG as its fuel source.”

He also emphasized that the company’s investments in CNG infrastructure have positively influenced Nigeria’s transition to cleaner fuel alternatives.

Furthermore, he highlighted the CNG station in Obajana, which can refuel more than 3,000 trucks, as a testament to this commitment, noting that plans for a second station in Ibese are in progress to improve fleet operations further.

“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,” Dangote added.

The billionaire businessman remarked that the company’s proactive embrace of compressed natural gas (CNG) has positioned it as the foremost operator of CNG trucks in Nigeria.

Dangote underscored that this initiative supports President Tinubu’s efforts to improve the country’s energy independence and plays a significant role in fostering a more secure energy future.

“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,” Dangote said.

President Tinubu similarly underscored the critical importance of harnessing Nigeria’s abundant natural gas resources within the transportation sector.

He articulated that adopting CNG transportation is essential for Nigeria’s economic progress, indicating a notable transformation in the nation’s strategy regarding public transportation and energy consumption.

“Utilising natural gas to power Nigeria’s transportation industry is the next way to go,” the Nigerian leader stated.