Mr. Godwin Emefiele, Governor of CBN

CBN unveils loan beneficiary firms under ‘100 for 100’ PPP programme

*The Central Bank of Nigeria has published a list containing details of the 28 firms that have benefited from the N23.2billion loans disbursed in the first cycle of the 100 for 100 Policy for Production and Productivity, for projects projected to create over 20,000 jobs and generate about $125.8million in foreign exchange earnings

Isola Moses | ConsumerConnect

The Central Bank of Nigeria (CBN) has published a list containing details of the 28 firms that benefited from the N23.2billion loans disbursed in the first cycle of the 100 for 100 Policy for Production and Productivity (PPP).

ConsumerConnect reports the Bankers’ Bank released the document containing details of the beneficiaries on its corporate Web site Wednesday, February 2, 2022.

The list was released on the apex bank’s official website.

The development is coming after Mr. Godwin Emefiele, Governor of CBN, launched the PPP programme Monday, January 31, in Abuja.

In connection with the details of the beneficiary companies, a total of 14 in the manufacturing sector, 12 companies in the agric sector, and two in the healthcare sector scaled through the Bank’s screening process.

The document as well indicated that only companies from 13 states, including the Federal Capital Territory, benefited from the first batch of disbursements.

Earlier in his address on the occasion, Mr. Emefiele had expressed hope that the projects, when fully operational, would create over 20,000 jobs and generate about $125.8million in foreign exchange earnings.

The CBN Chief stated: “When fully operational, these projects are expected to create over 20,000 direct and indirect jobs across multiple sectors of the economy, as well as generate close to $125.8million in foreign exchange earnings.

“It is important to note that five of the selected projects are greenfield projects seeking to exploit the huge opportunities in key sectors of our economy.”

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