100 for 100 Policy: List of 28 beneficiaries of CBN’s N23.2bn loan

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.

CBN  Governor, 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:

UCIKO Nig LTD

Springfield Agro Limited

Jeokol Farm Limited

Diamond Super Sacks LTD

Mecure Healthcare

Juddy Bolema Industries Limited

Vital Products PLC

Lamb Ranches Limited

Harvest Feed & Agro Processing LTD

Transnational Green Pastures LTD

Wewood Limited

Lanre Shittu Motors

Pally Agro Products LTD

RotoPrint Limited

Premier Seed Nigeria LTD

Jubaili Agrotec

Food Solutions Livestock Limited

Summit Health Care

Aikson Global ASS LTD

Metal World Recycling Ltd

Reliance Chemical Products Limited

Sonhart Investment Ltd

Taraba Farms Limited

Crutech Consultancy Services Limited

Lofeta Global Merchants Company Limited

Sarsoli Industrial Company Limited

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