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Access CALM Fund To Convert Vehicles To CNG, FG Urges Nigerians

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The Presidential Compressed Natural Gas Initiative (P-CNGi), has urged Nigerians to explore the Credit Access for Light and Mobility (CALM) fund to obtain affordable loans to convert petrol cars to CNG.
The P-CNGi said the CALM fund, being disbursed through the Nigerian Consumer Credit Corporation (CREDICORP) initiative, was aimed at enabling consumer credit for CNG conversions and solar energy.
Mr Michael Oluwagbemi, the Programme Director/Chief Executive, P-CNGi, in an interview with The Tide’s source in Abuja on Sunday, described the CREDICORP initiative as its third programme aimed at enabling CNG kits affordability.
The Tide recalls that in response to the growing financial strain on Nigerians due to high energy and transportation costs, the Ministry of Finance Incorporated (MOFI), CREDICORP, and the P-CNGi in 2024 unveiled the fund.
This new fund aims to provide affordable credit for Nigerians to obtain CNG conversion kits and other energy-saving solutions, making essential services more accessible to Nigerians while promoting sustainability.
To ensure affordability, the Federal Government, through the P-CNGi had rolled out three programmes namely – free conversion of mass transit vehicles, targeting one million by 2027, Ride-shares vehicles’ 50 per cent discount conversion and CALM fund
Oluwagbemi said the CALM fund would enable Nigerians to obtain loans through the Participating Financial Institutions (PFIs), providing a pathway to sustainable energy without the financial burden of upfront costs.
He explained that under the CREDICORP fund, Nigerians, who owned private vehicles, especially the salary earners and entrepreneurs were linked up to get money upfront for conversion based on their income levels.
Oluwagbemi, while urging Nigerians to explore the ample opportunity by applying online on www.credicorp.ng, said soon, there would be an opportunity for motorists to access it from the 193 CNG conversion centres across the country.
According to him, the CREDICORP does not set interest rates; rather it gives money to the financial institutions which set the interest rate based on the person’s risk.
He further said that the conversion would be financed based on one’s income, while loan repayment duration would be three years.
“This programme is suitable for the top 10 per cent of Nigerians, who use private cars and most of them are civil servants who earn salaries and work as entrepreneurs.
“If you are spending N70, 000 to N80, 000 per week, it means that in 52 weeks you will be spending N3.64 million on petrol.
“If you decide to use CNG exclusively, in 52 weeks you spend N353, 000, that means you are saving a lot of money, but you cannot generate that savings unless you convert your cars.
“Conversion ranges from N800, 000 to N1.2 million and the loan will be given according to the kind of car one has, while the conversion will be financed based on your income level
“There’s no reason why one cannot afford it because you are saving N50, 000 to N100, 000 weekly, because you have converted your vehicle, and part of the savings can be used for repayment.
He said that President Bola Tinubu in 2024 had set a goal for the initiative to achieve one million conversions of vehicles in 2027, adding that not all cars were convertible and compatible.
“We signed an agreement with the conversion centres, we are in the process of finalising that programme, as soon as we finalise it, you can drive into any of the centres for vehicle inspection and financing, instead of going online.
“Initially we set up the website to know the level of interest and we have received a number of interest and more than 25,000 people have applied,’’ he said.
He assured that the CNG would remain the sustainable energy source, adding that there was no way natural gas would be as expensive as crude oil in the world.
According to him, the programme is focused on three specific things in terms of execution, namely, conversion, platform for deployment of buses and tricycles, running on CNG and enabling refueling infrastructure.

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No Aso Rock Kitchen Staff Attempt To Poison Tinubu –Presidency

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The Presidency has dismissed circulating social media reports alleging that kitchen staff at the Aso Rock Presidential Villa were arrested over an alleged plot to poison President Bola Tinubu.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, made the clarification yesterday on his official X account where he shared a video of the report and categorically denied it.

The video purportedly shows activity at the presidential villa, accompanied by a voiceover reporting the incident.

The video claimed, “Today we examine reports surrounding the shocking arrest of a presidential chef over an alleged plot to poison President Bola Ahmed Tinubu, an incident that has prompted swift intervention by a special police squad and triggered heightened security measures within the presidential environment.

“According to preliminary information from security sources, the arrest followed intelligence alerts suggesting suspicious activities connected to food preparation procedures within restricted areas linked to presidential operations.

“Authorities moved quickly after receiving credible reports that indicated a possible threat to the safety of the president, leading to a coordinated investigation involving specialised security personnel tasked with protecting national leadership.

The video added, Officials emphasized that the operation was carried out professionally and discreetly to avoid public panic while ensuring that all potential risks were neutralised.

“The suspect, identified as a member of kitchen staff attached to presidential services, was reportedly taken into custody for questioning as investigators began examining evidence and verifying claims connected to the alleged poisoning attempt.

“Security agencies have urged the public to remain calm, stressing that the investigation remains ongoing and that allegations do not automatically imply guilt until due process.”

However, Onanuga dismissed the report as baseless fake news.

He wrote, “No Aso Rock kitchen staff arrested. No Aso Rock kitchen staff attempted to poison President Tinubu. Please ignore this fake news being disseminated by this video.”

As of the time of going to the Press authorities have not provided further details on the origin of the misleading video or potential motives behind its circulation.

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US, China Clash As Iran TV Confirms Supreme Leader Ayatollah’s Death

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Iranian state television yesterday confirmed the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, without referring to a massive US and Israeli attack on his residence.

A presenter on state television announced Khamenei’s death at 5:00 am (0130 GMT), as the channel broadcast archive images with a black banner as a sign of mourning.

Khamenei, 86, had been Iran’s supreme leader since 1989.

US President, Donald Trump, had on Saturday said that Khamenei had been killed in air strikes, though there has been no confirmation from Tehran.

“Khamenei, one of the most evil people in History, is dead,” Trump said on his Truth Social network.

“This is not only Justice for the people of Iran, but for all Great Americans, and those people from many Countries throughout the World, that have been killed or mutilated by Khamenei and his gang of bloodthirsty THUGS.”

Trump said the Iranian leader had been “unable to avoid our Intelligence and Highly Sophisticated Tracking Systems.”

The US President said the death of Khamenei gave Iranians their “greatest chance” to “take back their country.”

“We are hearing that many of their IRGC, Military, and other Security and Police Forces no longer want to fight and are looking for Immunity from us.

“As I said last night, Now they can have immunity, later they only get death! Hopefully, the IRGC and Police will peacefully merge with the Iranian patriots and work together as a unit to bring back the country to the greatness it deserves.

“That process should soon start in that, not only the death of Khamenei but the country has been, in only one day, very much destroyed and, even, obliterated.

“The heavy and pinpoint bombing, however, will continue, uninterrupted throughout the week or, as long as necessary to achieve our objective of peace throughout the Middle East and, indeed, the world!” Trump posted.

However, China has strongly condemned the attack and killing of Iran’s supreme leader.

A Chinese foreign ministry spokesperson condemned the killing yesterday when asked to comment on the death of Iran’s Supreme Leader in the military strikes launched by the United States and Israel on Saturday in Tehran.

The attack and killing of Iran’s supreme leader is a grave violation of Iran’s sovereignty and security, said the spokesperson, adding that it tramples on the purposes and principles of the UN Charter and basic norms in international relations.

China urges for an immediate stop to the military operations, no further escalation of the tense situation and joint effort to maintain peace and stability in the Middle East and the world at large, the spokesperson added.

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Banigo Harps On Importance Of Nurturing Girl-Child …Says Everyone Is A Leader On His Own Right

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The Senator representing Rivers West Senatorial District, Ipalibo Harry Banigo, has urged Nigerians, particularly women, to recognise that leadership exists at every level of society and that everyone is a leader within their own space.

Banigo made this call in Port Harcourt at the weekend during her Induction/Decoration as an AWLO Life Patroness, Unveiling of AWLO’s 2026 Magazine and Relaunch of the Rivers State Chapter.

Speaking with newsmen after the induction, the former Rivers State Deputy Governor emphasised the importance of nurturing and mentoring young girls, warning that neglecting the girl-child comes with far-reaching consequences for society.

According to her, investing in the growth and development of young girls is crucial to building a responsible and progressive nation.

“Well, everybody, to be honest with you, is a leader in their own space. If you lose your girlhood, you have lost your life. That is why it is important to catch them young,” she said.

“All my life, I have worked with young women because I believe that as we mentor them, they are meant to learn from us for the fulfilment of their God-given purpose,” she added.

The lawmaker further stressed the need for urgent and deliberate steps to ensure women are not left behind in national development, noting that any neglect of women ultimately affects the entire system and the larger society.

She highlighted education, healthcare, and skills acquisition as critical areas of focus, while calling for sustained efforts to keep girls in school and enable them to advance as far as their abilities permit.

Banigo also underscored the need for improved healthcare facilities to prevent maternal mortality and deaths from preventable diseases, while also advocating for vocational training and skill development opportunities for girl child.

According to her, raising responsible girls ultimately leads to building responsible adults and, by extension, a stronger and more purposeful society.

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