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In the wake of Nigeria’s fuel subsidy removal and the resulting surge in energy costs, a transformative partnership has emerged between Zeta Power Limited and Kara Finance Limited. This collaboration marks a pivotal moment in Nigeria’s energy transition, offering both installation and financing solutions for converting petrol- and diesel-powered equipment and vehicles to compressed natural gas (CNG).
Announced recently in Lagos, the partnership is a strategic response to the growing demand for affordable and sustainable energy alternatives. Zeta Power, a seasoned supplier and installer of CNG equipment, brings its deep expertise in the Nigerian market to the table. Kara Finance complements this with innovative financial solutions designed to make clean energy adoption more accessible to individuals and businesses alike.
The joint initiative was unveiled at a stakeholder event attended by key representatives from both companies. Zeta Power’s Chairman, Mr. Adewale Adedeji, widely recognized as a leading advocate for the CNG revolution was present alongside Mr. Segun Aka-Bashorun. Kara Finance’s top management team also participated, underscoring the significance of the partnership.
At the heart of this collaboration is a robust financing package tailored to meet the needs of qualified applicants. Zeta Power highlighted several benefits of the new offering, including 100 percent loan financing, flexible repayment terms within a 12-month calendar, and access to premium-quality CNG kits and systems. These systems boast over 80 years of market support across Europe, America, and India, ensuring reliability and performance. Additionally, onsite fuelling solutions will be made available at competitive prices, further enhancing the value proposition.
This initiative is more than a business deal, it is a strategic intervention aimed at alleviating the financial pressure on Nigerians and promoting long-term energy sustainability. By removing the upfront cost barrier, Zeta Power and Kara Finance are empowering more citizens and enterprises to embrace CNG technology, which is cleaner, more efficient, and significantly cheaper than traditional fuels.
As Nigeria continues to grapple with inflation and energy insecurity, partnerships like this offer a beacon of hope. They demonstrate how private sector innovation can drive meaningful change, supporting national goals for environmental stewardship and economic resilience. Through this alliance, Zeta Power and Kara Finance are not only facilitating a shift in energy consumption, they are helping to shape a cleaner, more affordable future for Nigeria.
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