Federal Government launches N2.5 billion Credit Scheme (CALM) to help fast track the adoption of CNG solutions.<\/strong><\/p>\n CALM is a flexible platform that lets Nigerians convert their vehicle to CNG and pay in convenient instalments.<\/strong><\/p>\n PCNGi says that the initiative has the potential to attract necessary investments for domestic production of CNG conversion kits.\u00a0<\/strong><\/p>\n CALM is spearheaded by the Ministry of Finance Incorporated, Nigerian Consumer Credit Corporation and the PCNGi.<\/strong><\/p>\n The Federal Government has introduced a N2.5 billion Credit Access for Light and Mobility (CALM)<\/span><\/a> initiative to alleviate financial pressures on Nigerians, amid rising energy and transportation costs.<\/p>\n According to a statement by the Presidential Compressed Natural Gas Initiative (PCNGi), the initiative aims to provide affordable credit options for Nigerians to adopt Compressed Natural Gas (CNG) solutions.<\/p>\n PCNGi explains that CALM is a flexible platform that lets Nigerians convert their vehicles to use CNG (Compressed Natural Gas) and pay in convenient instalments.<\/p>\n Speaking at the launch, Michael Oluwagbemi, Program Director and CEO of PCNGi, emphasized the scheme\u2019s potential to drive local investment, saying :<\/p>\n \u201cThis kind of initiative has the potential to attract the necessary investments for domestic production of CNG conversion kits, fostering self-reliance and economic growth.\u201d<\/p>\n PCNGi stated that the CALM initiative underscores the Federal Government\u2019s commitment to sustainable energy solutions and financial relief for citizens.<\/p>\n The Credit Access for Light and Mobility (CALM) program is spearheaded by the Ministry of Finance Incorporated (MoFI), the Nigerian Consumer Credit Corporation (CREDICORP) and the PCNGi.<\/p>\n In a related scheme\u2026<\/p>\n Last December, CREDICORP, in partnership with the National Automotive Design and Development Council (NADDC), kicked off initial \u20a620 billion Consumer Credit Fund to help Nigerians to purchase locally-assembled vehicles.<\/p>\n In attendance at the signing event on Thursday December 5th were Nigeria\u2019s leading local automobile manufacturers, including Innoson, NORD, CIG MOTORS (GAC), PAN, MIKANO, Jets, NEV (electric) and DAG.<\/p>\n![\"bitcoins](\"https:\/\/autojosh.com\/wp-content\/uploads\/2024\/10\/pcngi_safety_warning_illegally_modified_cng_powered_vehicle_autojosh_1-1.jpg\")
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Bitcoins See Also : PCNGI Impressed As 360 ECO Group\u2019s CNG Bus Used \u20a6125k Fuel From Lagos To Abuja, Saved \u20a6500k<\/span><\/a><\/h2>\n<\/li>\n<\/ul>\n