Banking & Finance

100 For 100 Policy: See List Of 28 Companies That Benefited CBN’s N23.2 Billion Loan

100 For 100 Policy: Read Full Of 28 Companies That Got CBN’s N23.2 Billion Loan

The Central Bank of Nigeria (CBN) has released the list of 28 companies that took benefited from the N23.2 billion dished out as the first cycle of the 100 for 100 Policy on Production and Productivity (PPP).

Brand News Day Nigeria reports that the CBN made this disclosure of the beneficiaries of the 100 for 100 Policy on Production and Productivity via the CBN official website.

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The 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.

Notably, for the next cycle of loans, the 100 for 100 policy program started on February 1, 2021.

According to the CBN governor, 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.

100 For 100 Policy: Read Full Of 28 Companies That Got CBN’s N23.2 Billion Loan

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.

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READ: Zenith Bank Assures Customers On Seamless Transactions, Apologizes For Disruptions During Infrastructure Upgrade

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 Policy loan

100 for 100 approved applications as of 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. Premier 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
  28. Salient Industries LTD

To see the complete list of beneficiaries, banks, loan amount, sector, loan purpose, and location of companies, please download it here. 100 for 100 Approved list

Click Here: Download (PDF, 152KB)

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