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243 firms jostle for CBN’s multibillion naira loan scheme

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243 firms jostle for CBN’s multibillion naira loan scheme

01 Feb, 2022

The Central Bank of Nigeria has disbursed a total of N23.2bn to 28 firms whose projects satisfied the apex bank’s criteria for ‘100 for 100 Policy for Production and Productivity.’

It disclosed that this was after 243 firms submitted applications with projects valued at N321.06bn for the 100 by 100 loan scheme.The CBN Governor, Godwin Emefiele, disclosed this in Abuja on Monday while presenting the cheques to the beneficiary companies through seven participating financial institutions.The companies comprise 14 manufacturing firms, 12 agricultural companies, and two healthcare firms