How to apply for the N5 billion solar initiative for Nigerian women

• The Nigerian authorities has launched a N5 cardinal cleanable vigor strategy done the Nigerian Consumer Credit Corporation (CreditCorp)
• The strategy is to empower Nigerian women, providing them with affordable entree to star location systems successful each the section authorities areas successful Nigeria
• The N5 cardinal volition beryllium disbursed by  the opening of a broader nationalist wave, PowerHer 774, an inaugural by the Ministry of Women's Affairs

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigerian government, via the Nigerian Consumer Credit Corporation (CREDITCORP), has launched a N5 cardinal cleanable energy strategy to supply affordable entree to star location systems for Nigerian women successful each 774 section authorities areas nationwide.

CreditCorp’s Managing Director, Uzoma Nwagba, disclosed that the recognition would beryllium disbursed nether the Credit Access for Light and Mobility (CALM) Fund.

FG invites Nigerian women to use for the CALM Fund. Credit: alvarez
Source: Getty Images

The strategy allows women to powerfulness homes, businesses

Nwagba said the strategy seeks to make sustainable and inclusive backing opportunities, allowing women to powerfulness their homes and tiny businesses with cleanable and reliable power.

According to the CreditCorp boss, the inaugural provides a pathway for women to earn, save, and physique a verifiable recognition history.

He stated that the CreditCorp ngo is to alteration implicit 35,000 civilian servants to entree wide recognition and enactment life-changing products specified arsenic mobility solutions and cleanable energy.

“We’re expanding entree to integer devices, location improvements, and micro machinery. This is however user recognition should work, unlocking mundane possibilities for amended living,” helium said.

The N5 cardinal is to beryllium distributed to each LGAs

Imaan Sulaiman-Ibrahim, the Minister of Women Affairs, said the scheme’s motorboat shows the opening of a broader nationalist wave, PowerHer 774, an inaugural by the ministry to present cleanable vigor and economical empowerment tools for 3 cardinal Nigerian women successful each the 774 LGs.

In November 2024, the Ministry of Finance Incorporated, the Nigerian Consumer Credit Corporation (CREDICORP), and the Presidential Initiative connected Compressed Natural Gas Ltd launched the CALM Fund.

The motorboat took spot successful Abuja, wherever the 3 agencies signed a Memorandum of Understanding (MoU). 

FG launches CALM money for star energy

The Punch reported that this programme aims to connection reasonably priced recognition for star vigor adoption and car conversions to compressed earthy gas.

Michael Oluwagbemi, PI-CNG's Chief Executive Officer and Program Coordinator, emphasised the fund's inclusion by saying that it provides chances for radical who privation to person their automobiles. 

He highlighted the publication of idiosyncratic car owners to lowering proscription expenses and voiced anticipation astir converting an other 500,000 to a cardinal vehicles. 

He said that the CALM Fund was established to service arsenic a lifeline for individuals and businesses attempting to support up with the escalating costs of vigor and transportation. 

FG provides N5 cardinal via CreditCorp for star panels for women's businesses Credit: Bloomberg/Contributor
Source: Getty Images

Oluwagbemi added that Nigerians whitethorn present get speedy concern to person their cars to CNG, acknowledgment to flexible financing alternatives, which volition drastically lessen their reliance connected pricey fuels and chopped their energy costs.

CreditCorp opens exertion for Nigerians to get loans

Legit.ng earlier reported that the Nigerian Consumer Credit Corporation (CreditCorp) has opened applications for the Credit Access for Light and Mobility Fund, which provides user recognition to assistance Nigerians entree CNG

Dada Olusegun, peculiar adjunct to President Bola Tinubu connected societal media, announced this connected Monday, October 28, 2024, asking Nigerians to leverage the initiative.

Olusegun said Nigerians seeking to person their cars oregon physique star systems to powerfulness their homes can use utilizing the nexus provided.

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Source: Legit.ng