The CALM Fund (Credit Access for Light and Mobility Fund) is a Federal Government initiative to help Nigerians cover the costs of switching to more sustainable energy solutions, like Compressed Natural Gas (CNG) vehicle conversions and solar power installations.
It aims to reduce reliance on petrol and help households and businesses manage rising energy costs. Here’s a step-by-step guide on how to apply:
How to Apply for the CALM Fund
- Check Your Eligibility
- This program is open to Nigerians, especially civil servants, teachers, and general members of the public. Eligible applicants include vehicle owners seeking CNG conversion and homeowners interested in solar power installations. Applicants should have a verifiable income or employment status.
- Visit the CREDICORP Website
- Go to the CREDICORP website, which is managing the application process. CREDICORP has partnered with the Ministry of Finance and other organizations to ensure smooth access to the CALM Fund.
- Create an Account and Complete the Online Application
- Register an account on the site and fill out the application form. You’ll need to provide basic information such as your National Identification Number (NIN), email, and upload a recent passport photo. Make sure to specify whether you’re applying for a CNG conversion or solar energy loan.
- Select an Approved Conversion or Installation Center
- After submitting your application, you’ll be directed to an accredited conversion center (for CNG) or a registered solar installer. This ensures that all installations meet approved standards for safety and efficiency.
- Receive Application Confirmation and Next Steps
- After review, successful applicants will get a confirmation notification with further instructions on loan disbursement and installation procedures.
The CALM Fund is a helpful step towards energy sustainability in Nigeria, providing Nigerians an opportunity to make environmentally friendly changes affordably.