LOTUS Bank partners FG on CNG financing

LOTUS Bank has announced a strategic collaboration with the Presidential Initiative on CNG & EV (Pi-CNG & EV) to provide financing solutions across the CNG value chain, including integrated energy hubs, clean mobility asset acquisition, fleet conversion and infrastructure financing for businesses and institutional participants within the ecosystem. The initiative was announced during the launch […]

LOTUS Bank has announced a strategic collaboration with the Presidential Initiative on CNG & EV (Pi-CNG & EV) to provide financing solutions across the CNG value chain, including integrated energy hubs, clean mobility asset acquisition, fleet conversion and infrastructure financing for businesses and institutional participants within the ecosystem.

The initiative was announced during the launch of the Northern Corridor of the Compressed Natural Gas (CNG) and Electric Vehicle (EV) Programme in Kano State.

In his remarks, the bank’s Managing Director-CEO, Dr. Isiaka Ajani-Lawal, maintained LOTUS Bank remained fully committed to supporting transformative and sustainable initiatives capable of delivering long-term economic and social impacts on Nigerians and the nation’s economy.

The seasoned banker, who was represented by the bank’s Regional Head, Northeast and Northwest, Nazif Ibrahim, said: “At LOTUS Bank, we believe sustainable finance must go beyond banking transactions to creating meaningful impact within communities and sectors critical to national growth.

“Our collaboration with Pi-CNG & EV reflects our commitment to ethical financing, infrastructure development, energy transition and inclusive economic growth. We are proud to support initiatives that provide affordable alternatives capable of improving livelihoods while advancing Nigeria’s sustainability objectives.”

According to him, the collaboration with the Pi-CNG & EV team further strengthens LOTUS Bank’s growing position within Nigeria’s sustainability and developmental finance landscape.

Ajani-Lawal recalled that recently, the bank played a strategic role in supporting financing initiatives within Nigeria’s renewable energy and infrastructure ecosystem through engagements connected to the Rural Electrification Agency (REA), including the signing of a N100 billion renewable energy financing initiative, aimed at expanding clean energy access and sustainable infrastructure development in the country.