March 27, 2025
PCNGi, in partnership with CrediCorp, has introduced CALM FUND, a flexible financing platform that enables vehicle owners to convert their cars to Compressed Natural Gas (CNG) with a pay-as-you-go model.
The initiative allows users to enjoy an eco-friendly and cost-effective fuel alternative without the burden of a hefty one-time payment. Instead, they can opt for affordable instalment plans to ease the financial strain.
With CALM FUND, vehicle owners can:
• Access flexible and budget-friendly payment plans.
• Convert their cars to CNG, reducing fuel costs and carbon emissions.
• Enjoy a seamless registration process.
ALSO READ: PCNG Initiative expresses deep sorrow over Karu Bridge tanker explosion
To get started, customers can follow four simple steps or scan the provided QR code to register. They can also visit [www.credicorp.ng/cng-form] or call 0700 0000 264 for more details.
Driving Nigeria’s Transition to Cleaner Energy
The launch of CALM FUND comes at a crucial time when Nigeria is pushing for a shift to Compressed Natural Gas (CNG) as an alternative to petrol.
With fuel subsidies removed and petrol prices skyrocketing, the government has intensified efforts to promote CNG adoption, positioning it as a cheaper and more sustainable fuel option.
President Bola Tinubu’s administration has announced various incentives and policy frameworks to encourage the transition, including the development of CNG refuelling stations and tax reliefs for CNG-powered vehicles.
However, the high cost of conversion remains a major barrier for many Nigerians.
By offering a flexible payment structure, CALM FUND directly addresses this challenge, making CNG conversion more accessible to private vehicle owners, commercial transport operators, and businesses.
It aligns with the broader goal of reducing dependence on petrol, cutting transportation costs, and lowering carbon emissions in line with Nigeria’s environmental sustainability commitments.
As the nation continues to explore cleaner, more affordable energy solutions, initiatives like CALM FUND play a pivotal role in bridging the gap between policy and practical adoption, ensuring that more Nigerians can benefit from cost-effective, environmentally friendly transportation.
