Business A.M
No Result
View All Result
Saturday, February 21, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Finance

Dana Motors signs agreement on CNG Conversion Kits mass distribution

by Admin
January 21, 2026
in Finance

Dana Motors, one of the prominent conversion centers, is proud to announce its participation in the mass distribution of Compressed Natural Gas (CNG) conversion kits as part of the Presidential Compressed Natural Gas (CNG) Initiative. This event Marks a significant milestone in Nigeria’s journey towards cleaner and more efficient energy use for commercial transportation.

(L-R): Mustapha Adekunle Sego, Chairman NURTW Lagos state; Najeem Yasin, former National President of NURTW; Michael Oluwagbemi, Chief Executive Officer/Programme Director, Presidential Compress Natural Gas (CNG) Initiative; Mathews Kuruvilla, Chief Commercial Officer(CCO) Dana Motors; Omolade Akinyode, Marketing Manager Dana Motors at the event.

Michael Oluwagbemi, chief executive officer and programme director of the Presidential CNG Initiative revealed that 30,000 CNG conversion kits have been procured and are set to be distributed to commercial drivers within the next 90 days. This announcement was made during the Park-to-Park CNG Conversion Mobilisation event held on July 19, 2024, in Lagos.

Oluwagbemi emphasized the nationwide scope of the initiative, stating, “We have been across over 14 states, including Ilorin, Ekiti, Lokoja, Aba, and Port Harcourt; we have visited the South-East and even the North. We are confident we have built a national movement for this conversion.”

He further highlighted the environmental and economic benefits of CNG, noting its cost-effectiveness, cleaner emissions, and overall reliability. “CNG is cheaper, cleaner, safer, and more reliable, with 40% less steel emissions and 90% fewer pollutants in the air. Instead of flaring gas, we use it for the growth of the economy,” said Oluwagbemi.

Dana Motors was among the 14 conversion centers represented at the event.

Dr. Kayode Opeifa, former commissioner for transportation in Lagos state, reiterated the federal government’s commitment to easing the impact of fuel price increases on Transporters through the provision of conversion kits. “150 beneficiaries will collect vouchers for conversion, which they will take to an installation center. This initiative will increase pocket savings, reduce transport fares, and lower commodity prices,” he stated.

Najeem Yasin, former national president of the Nigerian Union of Road Transport Workers (NURTW), praised the initiative, saying, “With CNG, prices of commercial vehicles should come down, positively affecting all sectors of the economy.

The entire 36 states will receive these free conversion kits, ensuring nationwide coverage.”

The initiative underscores the federal government’s dedication to sustainable energy solutions and economic growth through innovative measures. Dana Motors is honoured to be part of this groundbreaking effort to enhance Nigeria’s transportation sector and environmental health.

Admin
Admin
Previous Post

F5 CNG OMAA Pick-up brand debuts at Nigeria Auto Industry Confab in Abuja

Next Post

Count us out of ‘Days of Rage’ protests luxury bus owners

Next Post

Count us out of ‘Days of Rage’ protests luxury bus owners

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M