How to Apply for the CALM Fund

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In a time when the cost of living is on the rise, finding ways to reduce daily expenses is more important than ever. If you’re a Nigerian homeowner or vehicle owner, there’s good news for you. As part of President Bola Ahmed Tinubu’s Renewed Hope Initiative, the CALM Fund (Credit Access for Light and Mobility) is now available to help you save on both energy and transportation costs. Whether you’re looking for CNG conversions or switch to solar power for your home, the CALM Fund makes it easier than ever to access these energy-efficient solutions.

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What is the CALM Fund?

The CALM Fund is a consumer credit initiative that helps Nigerians access affordable CNG conversions and solar home systems. The program is offered through trusted financial partners. It’s a partnership between the Ministry of Finance Incorporated (MoFI), the Nigerian Consumer Credit Corporation (CREDICORP), and the Presidential Initiative on Compressed Natural Gas (Pi-CNG).

By applying for the CALM Fund, you can cut your energy and transportation costs by up to 70%. Even better, the savings continue after you’ve paid off the systems and conversions. This means more money stays in your pocket every year.

How the CALM Fund Can Benefit You

1. CNG Conversions for Your Vehicle

If you’re tired of rising petrol prices and want a more cost-effective fuel alternative, the CALM Fund offers a solution. Through the Pi-CNG Initiative, you can convert your existing petrol-powered vehicle to run on Compressed Natural Gas (CNG).

Save up to 80% on fuel costs: With CNG conversions, you can reduce your weekly fuel expenses by as much as 60% to 80%, depending on your driving habits and fuel consumption.
Quick Return on Investment: Your savings over just 4 to 6 months will pay off the cost of the CNG conversion, after which you’ll continue to benefit from the savings indefinitely.
Eco-friendly Option: CNG is a cleaner, greener alternative to petrol, making it better for the environment and contributing to the nation’s sustainability goals.

2. Solar Home Systems for Your House

Are you spending too much on electricity bills? With the CALM Fund, you can access affordable solar home systems, including solar panels, inverters, and other components to power your home sustainably.

Cut energy costs by up to 90%: By transitioning to solar power, you can drastically reduce your electricity expenses, making it easier to manage your household budget.
Quick Return on Investment: Just like the CNG conversion, the savings from your new solar system can pay for the installation costs in just 3 to 6 months. After that, your solar system will keep saving you money for years to come.
Sustainable Power: Solar energy is renewable, reliable, and reduces your carbon footprint, which contributes to global efforts against climate change.

Why Apply for the CALM Fund?

Lower Your Costs: Save on both energy and fuel. Whether it’s electricity or petrol, the CALM Fund helps you cut down your expenses significantly—up to 70%!
No Upfront Payment: The CALM Fund provides credit access, making it easier to get the systems installed without paying upfront. The credit is repaid with the savings you make on fuel and energy bills.
Accessible and Convenient: The application process is simple, and you can apply online at credicorp.ng/calm.
Nationwide Impact: By supporting this initiative, you’re not just helping yourself—you’re contributing to national efforts to reduce energy dependency and promote clean, sustainable solutions.