CBN 100 For 100 Intervention Loan 2022 | The Central Bank of Nigeria has open registration portal for 100 For 100 Intervention Loan PPP, How to apply and obtain N5 billion loan from CBN Policy On Production & Productivity (PPP). For online application directive, requirement and eligibility. Read Through.
CBN 100 For 100 Intervention Loan: Through 100 Projects For Every 100 Days.
This initiative is designed to create the flow of finance and investments to enterprises
with potential to kickstart a sustainable economic growth trajectory, accelerate structural
transformation, promote diversification, and improve productivity. It is a support to
private sector companies with the aim of reducing certain imports, increasing non-oil exports
and to improve the FX-generating capacity of the economy.
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Objectives Of The Initiative:
The broad objective of the initiative is to reverse the nation’s over-reliance on imports, by creating an ecosystem that targets and supports projects with potential to transform and catalyze the productive base of the economy. The specific objectives include:
i. catalyse import substitution of targeted commodities
ii. increase local production and productivity; iii. increase non-oil exports, and
iv. improve foreign exchange earning capacity of the economy
a. Long-term loan for acquisition of plant and machinery and
b. Working Capital Loan Limit
Loan amount shall be a maximum of N5 billion per obligor. Any amount above N5 billion shall require the special approval of Management.
Focal activities shall be existing businesses and projects (brownfield) with potential to transform and jumpstart the productive base of the economy such as:
ii. Agriculture and agro-processing
iii, Extractive Industries
iv. Petro-Chemicals and Renewable Energy
v. Healthcare and Pharmaceuticals
vi. Logistics Services and Trade-Related Infrastructure
vii. Any other activities as may be prescribed
How to apply
Interested Applicants should visit https://100for100ppp.ng/submit-application to submit their application.