Seated L-R: Barrister Ismael Ahmed, Executive Chairman, Presidential Compressed Natural Gas Initiative (PCNGI); and Mr. Nazif Ibrahim, Regional Head Northeast and Northwest, LOTUS Bank; signing the PCNGI partnership agreement while other dignitaries watch in Kano, Kano State
LOTUS Bank has partnered with the Presidential Initiative on Compressed Natural Gas and Electric Vehicle (Pi-CNG and EV) to accelerate the adoption of cleaner, cheaper, and more sustainable transportation alternatives across Nigeria.
The bank’s Managing Director, Isiaka Ajani-Lawal, disclosed on Monday that the collaboration would focus on expanding CNG and electric vehicle infrastructure nationwide.
Ajani-Lawal said the partnership agreement was formalised during the inauguration of the Northern Corridor of the Compressed Natural Gas (CNG) and Electric Vehicle (EV) Programme in Kano.
According to him, the initiative is designed to fast-track the adoption of cleaner, more affordable, and sustainable mobility solutions while supporting Nigeria’s energy transition agenda.
He said the bank remained committed to supporting transformative and sustainable initiatives capable of delivering long-term economic and social benefits to citizens and the broader economy.
“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 and 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,” he said.
Ajani-Lawal added that the bank was developing financing solutions across the CNG value chain, including integrated energy hubs, clean mobility asset acquisition, fleet conversion, and infrastructure financing for businesses and institutional stakeholders.
He noted that the partnership further strengthens the bank’s position within Nigeria’s sustainability and developmental finance landscape.
The managing director also highlighted the bank’s previous engagements with the Rural Electrification Agency, including a N100 billion renewable energy financing initiative aimed at expanding clean energy access and sustainable infrastructure development nationwide.
According to him, the collaboration with Pi-CNG and EV positions LOTUS Bank at the forefront of sustainable finance and green mobility financing in Nigeria.
Also speaking at the event, Ibrahim Hadeja, who represented Vice President Kashim Shettima, described the initiative as a critical economic strategy aimed at reducing transportation costs, strengthening energy security, and improving the lives of Nigerians.
“Transportation costs affect everything, food prices, manufacturing, logistics, and ultimately the lives of ordinary Nigerians.
This initiative is not just an energy policy; it is an economic strategy for national growth,” he said.
