LOTUS Bank has partnered with the Federal Government’s Presidential Initiative on Compressed Natural Gas (CNG) & Electric Vehicles (EV) to support the need for a cleaner and more affordable transportation through compressed natural gas and electric vehicles.

The collaboration was announced during the launch of the Northern Corridor of the CNG and EV Programme held in Kano, Kano State, on Thursday.

According to a statement, the government said the initiative is geared towards accelerating the adoption of cleaner and more sustainable mobility alternatives by expanding CNG and EV infrastructure nationwide.

Deputy Chief of Staff to the President, Ibrahim Hadeja, who represented Vice President Kashim Shettima, described the programme as an economic strategy designed to cut transportation costs and improve the welfare 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,” Hadeja said.

The Managing Director/Chief Executive Officer of LOTUS Bank, Dr Isiaka Ajani-Lawal, who was represented by the bank’s Regional Head, Northeast and Northwest, Nazif Ibrahim, said the bank was committed to supporting sustainable initiatives capable of delivering long-term economic and social impact.

“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.”

He noted that the partnership further strengthens the bank’s position in Nigeria’s sustainability and developmental finance space.