The Central Bank of Nigeria (CBN) has introduced the 100 for 100 Policy on Production and Productivity (PPP), which is focusing on private enterprises with projects to support and can apply for loans of up to N5 billion under the program.

The private enterprise would be chosen if the apex bank determined that it can influence the economy using “Performance Indicators (KPIs).” The CBN will examine and fund qualifying private sector enterprises in 100 days, with a 100-day rollover period between.

The 100 for 100 PPP initiative is a financial instrument meant to help the flow of funds and investments to firms with the potential to catalyze long-term economic growth, expedite structural change, increase diversification, and boost productivity.

Qualified Companies Eligible to Apply for the Loan

Existing enterprises and projects (brownfield) with the capacity to change and restart the economy’s productive base will serve as focal activities. Examples include:

  1. Manufacturing
  2. Agriculture and agro-processing
  3. Extractive Industries
  4. Petro-Chemicals and Renewable Energy
  5. Healthcare and Pharmaceuticals
  6. Logistics Services and Trade-Related Infrastructure
  7. Any other activities as may be prescribed

According to the scheme’s information, the interest rate under the PPP intervention would not exceed 5.0 percent p.a. (all-inclusive) until February 28, 2022, after which it will revert to 9 percent p.a. (all-inclusive) starting March 1, 2022.

How to Submit an Application for the Loan

Interested private-sector businesses must submit applications to their PFIs with the required documentation, which includes, among other things.

  • Financial statements.
  • Certified true copies of company registration documents evidencing the incorporation of the Company with the Corporate Affairs Commission (CAC)
  • Three (3) years of audited financials, including the most recent management account of the company
  • Evidence of the company’s, promoters’, and directors’ creditworthiness
  • At least two (2) credit reports of the company and the directors;
  • Business plan of the underlying project for which the facility is to be applied
  • Detailed status report on project’s capacity utilization, production output, productivity/efficiency level, employment level, export capacity, and value creation
  • Increased capacity utilization, production output, productivity/efficiency level, employment level, export capability, and value creation after funding should be projected to represent the project’s post-financing economic benefits.

Applicants must notify the CBN of their applications using an online portal ( designed for this purpose.

Processes that your applications will go through before approved

  • When the lending bank gets your applications, it will do due diligence on them based on business and credit.
  • The lending bank would then transmit the applications of their qualifying private sector enterprises to the CBN for approval by the PFI’s Credit Committee.
  • In 100 days, the CBN will examine and finance suitable private sector enterprises, with a 100-day rollover period.
  • The CBN would release the approved amount to the PFI for onward distribution to the chosen private sector enterprises, with details of the facility given, operational sector, manufacturing activities financed, and PFI being published in national dailies for Nigerians to check and confirm.


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  • Emmy,November 17, 2021 @ 11:35 amReply

    I sent you a mail yesterday till now no reply. I need a Agricultural NGO website…

    • Shelaf,November 17, 2021 @ 12:27 pmReply

      I apologize for taking so long to respond to you.
      You can now check your inbox; I have responded to your email.

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