Full List Of 28 Beneficiaries Of CBN’s 100 For 100 PPP

Full List Of 28 Beneficiaries Of CBN’s 100 For 100 PPP

Below is the full list of of 28 companies that benefitted from the first cycle of the Central Bank of Nigeria (CBN)’s 100 for 100 policy on production and productivity (PPP).

The Central Bank of Nigeria (CBN) on Wednesday, released the list of 28 private companies that have projects to fund.
The apex bank released the list in a document posted on its official website on Wednesday.
14 out of of the 28 beneficiaries are in the manufacturing sector, while 12 are in the agricultural sector, and remaining two are in the healthcare sector.
According to the CBN, only companies from 12 states and the Federal Capital Territory benefited from the first batch of disbursements.
The Governor of the Central Bank of Nigeria, Godwin Emefiele had said the selected companies met the requirements and went through rigorous screening.
Emefiele had said, “Following due process on the application received, I am pleased to inform you that, unfortunately, only 28 companies with projects that have articulated proposals have been selected for funding.
“The projects valued at N23.20 billion comprises those within the manufacturing sector, agricultural and health sector.
“These projects are to create over 20,000 direct and indirect jobs across all sectors of the economy as well as generate close to $125.8 billion foreign exchange.
“It is important to note that 5 of the projects are greenfield projects trying to explore the huge opportunities in key sectors of our economy.”
Meanwhile, the application for the next cycle of the 100 for 100 policy programme kicked off February 1.
See full list of 28 companies that benefitted from the first cycle below:

 100 FOR 100 APPROVED APPLICATIONS AS AT JANUARY 28, 2022

S/NBeneficiaryBankTotal ScoreAmount (N)SectorLoan PurposeLocation
1UCIKO Nig LTDFCMB73150,750,000.00ManufacturingPurchase of Biscuit production machinesAbia State
2Springfield Agro LimitedFCMB82870,000,000.00AgricultureConstruction and installation of cold room storage facilityLagos State
3Jeokol Farm LimitedFCMB8690,000,000.00AgricultureExpansion of Poultry operationsOgun State

 1,110,750,000.00                       SUB-TOTAL FCMB

4Diamond Super Sacks LTDFidelity822,000,000,000.00ManufacturingAcquisition of Woven Sacks & Polytwines making machineKano State
5Mecure HealthcareFidelity681,500,000,000.00HealthcarePurchase of equipment for Oncology centreLagos State
6Juddy Bolema Industries LimitedFidelity861,300,000,000.00ManufacturingExpansion of existing factory and purchase of plant and machinery for the Recycling of plastic wasteAnambra State
7Vital Products PLCFidelity77900,841,000.00ManufacturingPurchase of machinery for Tomato paste productionLagos State
5,700,841,000.00                             SUB-TOTAL FIDELITY
8Lamb Ranches LimitedKeystone73998,045,055.00AgricultureAcquisition of farm inputs for Cattle BreedingRivers State
998,045,055.00                SUB-TOTAL KEYSTONE
9Harvest Feed & Agro Processing LTDStanbic IBTC79347,760,000.00AgricultureExpand agro-chemical processing plantOgun State
10Transnational Green Pastures LTDStanbic IBTC6795,000,000.00AgriculturePart-finance importation of broiler farming plantOyo State
11Wewood LimitedStanbic IBTC841,000,000,000.00Agriculturefinance 100% cost of warehousesEdo State
12Lanre Shittu MotorsStanbic IBTC751,900,000,000.00ManufacturingExpansion of phase 2 of local Automobile assembling PlantFCT
3,342,760,000.00                        SUB-TOTAL STANBIC IBTC
13Pally Agro Products LTDUnion65400,000,000.00AgricultureConstruction of WarehousesAbeokuta State
14RotoPrint LimitedUnion71590,000,000.00ManufacturingFlexible packaging productsOgun State
15Premier Seed Nigeria LTDUnion80500,000,000.00AgricultureFinancing of Seed productionKaduna State
16Jubaili AgrotecUnion71896,000,000.00ManufacturingPart-finance procurrement of herbicides/pesticidesLagos State
2,386,000,000.00                                           SUB-TOTAL UNION
17Food Solutions Livestock LimitedWema87450,000,000.00AgricultureExpansion of Poultry farming operationsOyo State
450,000,000.00                                          SUB-TOTAL WEMA
18Summit Health CareZenith64300,000,000.00HealthcareExpansion of eye care specilaist hospitalLagos State
19Aikson Global ASS LTDZenith78400,000,000.00ManufacturingPurchase and installation of rapida 75 brand of printing machinrLagos State
20Metal World Recycling LtdZenith83150,000,000.00ManufacturingPurchase of machinery for the Production of AluminiumLagos State
21Reliance Chemical Products LimitedZenith811,250,000,000.00ManufacturingSetting up Silicate Production PlantLagos State
22Sonhart Investment LtdZenith74734,000,000.00ManufacturingExpansion of factory for manufacturing of industial plasticsOgun State
23Taraba Farms LimitedZenith57500,000,000.00AgricultureLivestock Production and commercial grazingTaraba State
24Crutech Consultancy Services LimitedZenith7360,000,000.00AgricultureFinance establishment of an integrated agricultural farmCross River State
25Lofeta Global Merchants Company LimitedZenith74120,000,000.00AgricultureTo finance the construction of a 20,000 per day automated poultry processing plantOyo State
26Sarsoli Industrial Company LimitedZenith812,000,000,000.00ManufacturingCalcium-carbonate manufacturing, Filler and black master batchesLagos State
27J.O.F. Nigeria LimitedZenith611,200,000,000.00ManufacturingCompletion of salt factoryLagos State
28Salient Industries LTDZenith812,500,000,000.00ManufacturingManufacturing of flexible packaging productsLagos State
9,214,000,000.00                                        SUB-TOTAL ZENITH
23,202,396,055.00                                              TOTAL
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