CBN Disburses N114.17 billion Under the 100-for-100 Policy.

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Since the start of the intervention, the Central Bank of Nigeria has disbursed N114.17 billion to beneficiaries under its 100-for-100 Policy on Production and Productivity. Furthermore, the Bank has disbursed N20.78 billion to nine projects in healthcare, manufacturing, and services under the 100 for 100 Policy on Production and Productivity (PPP).

This brings the total facility disbursements to N114.17 billion to 71 projects in healthcare, manufacturing, services, and agriculture. “According to the guidelines for the initiative’s implementation, the CBN set the maximum loan amount that a participant could receive at N5 billion.

According to the guidelines, the CBN stated that the initiative would select 100 private sector companies with projects that have the potential to significantly increase domestic production and productivity, as well as reduce poverty. 

Punch.

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