The Central Bank of Nigeria (CBN) has released the list of 28 companies that took home N23.2 billion from the first cycle of the 100 for 100 Policy on Production and Productivity (PPP).
The list was released on the CBN official website.
Mr. Godwin Emefiele while speaking at the launch of the 100 for 100 Policy for Production and Productivity (PPP), in Abuja on the 31st of January said the ultimate goal of the policy is to reverse the nation’s reliance on imports by creating an ecosystem that targets and supports the right companies and projects.
For the next cycle of loans, the 100 for 100 policy program started on February 1, 2021.
According to the CBN boss, these projects will produce close to $125.8 billion in foreign money and over 20,000 direct and indirect jobs across all sectors of the economy.
Beginning in November 2021, 100 qualifying enterprises in priority sectors would be chosen to receive funding from the apex bank every 100 days, according to Emefiele. The PPP endeavour is expected to assist agriculture, healthcare, manufacturing, logistics, services, trade-related infrastructure, and renewable energy.
Speaking recently at an event, Emefiele said 28 enterprises were identified qualified and selected for finance, with projects totalling N23.2 billion. He went on to say that the scheme would provide low-cost finance to both new and current productive ventures.
List of recipient companies of CBN’s 100 for 100 loan
100 for 100 approved applications as at January 28, 2022:
1. UCIKO Nig LTD
2. Springfield Agro Limited
3. Jeokol Farm Limited
4. Diamond Super Sacks LTD
5. Mecure Healthcare
6. Juddy Bolema Industries Limited
7. Vital Products PLC
8. Lamb Ranches Limited
9. Harvest Feed & Agro Processing LTD
10. Transnational Green Pastures LTD
11. Wewood Limited
12. Lanre Shittu Motors
13. Pally Agro Products LTD
14. RotoPrint Limited
15. P Seed Nigeria LTD
16. Jubaili Agrotec
17. Food Solutions Livestock Limited
18. Summit Health Care
19. Aikson Global ASS LTD
20. Metal World Recycling Ltd
21. Reliance Chemical Products Limited
22. Sonhart Investment Ltd
23. Taraba Farms Limited
24. Crutech Consultancy Services Limited
25. Lofeta Global Merchants Company Limited
26. Sarsoli Industrial Company Limited
27. J.O.F. Nigeria Limited
Salient Industries LTD
To see the complete list of beneficiaries, banks, loan amount, sector, loan purpose, and location of companies, please download here. 100 for 100 Approved list