How to apply for CBN’s N5 billion 100 for 100 PPP loan- https://100for100ppp.ng
How to apply for CBN's N5 billion 100 for 100 PPP loan- https://100for100ppp.ng
CBN's N5 billion 100 for 100 PPP loan- The Central Bank of Nigeria (CBN) launched the 100for100 Policy on Production and Productivity (PPP) targeted at private companies who have a project to fund and can apply for as much as N5 billion under the scheme.
What is PPP?
PPP stands for Policy on Production & 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.
What is CBN 100 and 100 N5billion PPP Loan?
Through 100 projects For every 100 Days
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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:
- catalyse import substitution of targeted commodities
- increase local production and productivity
- increase non-oil exports
- improve foreign exchange earning capacity of the economy
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Loan Type
- Long-term loan for acquisition of plant and machinery and
- Working Capital Loan Limit
Loan Amount
Loan amount shall be a maximum of N5 billion per obligor. Any amount above N5 billion shall require the special approval of Management.
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Activities Covered by CBN PPP
Focal activities shall be existing businesses and projects (brownfield) with potential to transform and jumpstart the productive base of the economy such as:
- Manufacturing
- Agriculture and agro-processing
- Extractive Industries
- Petro-Chemicals and Renewable Energy
- Healthcare and Pharmaceuticals
- Logistics Services and Trade-Related Infrastructure
- Any other activities as may be prescribed
How to Apply
All interested Applicants should visit https://100for100ppp.ng/submit-application to submit their application.
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