Full List Of 28 Companies That Got CBN N23.2 Billion Loan

CBN released the list in a document posted on its official website on Wednesday.

The beneficiaries, according to the apex bank, are private companies that have projects to fund.

Out of the 28 beneficiaries, 14 companies are in the manufacturing sector, 12 are in the agricultural sector, and two are in the healthcare sector.

It also showed that only companies from the 12 states and the Federal Capital Territory benefited from the first batch of disbursements.

Godwin Emefiele, governor of the Central Bank of Nigeria, had said the selected companies met the requirements and went through rigorous screening.

“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,” he had said.

“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.”

The application for the next cycle of the 100 for 100 policy programme kicked off February

Full List Of 28 Companies That Got CBN N23.2 Billion Loan

 100 FOR 100 APPROVED APPLICATIONS AS AT JANUARY 28, 2022

S/N Beneficiary Bank Total Score Amount (N) Sector Loan Purpose Location
1 UCIKO Nig LTD FCMB 73 150,750,000.00 Manufacturing Purchase of Biscuit production machines Abia State
2 Springfield Agro Limited FCMB 82 870,000,000.00 Agriculture Construction and installation of cold room storage facility Lagos State
3 Jeokol Farm Limited FCMB 86 90,000,000.00 Agriculture Expansion of Poultry operations Ogun State

 1,110,750,000.00                       SUB-TOTAL FCMB

4 Diamond Super Sacks LTD Fidelity 82 2,000,000,000.00 Manufacturing Acquisition of Woven Sacks & Polytwines making machine Kano State
5 Mecure Healthcare Fidelity 68 1,500,000,000.00 Healthcare Purchase of equipment for Oncology centre Lagos State
6 Juddy Bolema Industries Limited Fidelity 86 1,300,000,000.00 Manufacturing Expansion of existing factory and purchase of plant and machinery for the Recycling of plastic waste Anambra State
7 Vital Products PLC Fidelity 77 900,841,000.00 Manufacturing Purchase of machinery for Tomato paste production Lagos State
5,700,841,000.00                             SUB-TOTAL FIDELITY
8 Lamb Ranches Limited Keystone 73 998,045,055.00 Agriculture Acquisition of farm inputs for Cattle Breeding Rivers State
998,045,055.00                SUB-TOTAL KEYSTONE
9 Harvest Feed & Agro Processing LTD Stanbic IBTC 79 347,760,000.00 Agriculture Expand agro-chemical processing plant Ogun State
10 Transnational Green Pastures LTD Stanbic IBTC 67 95,000,000.00 Agriculture Part-finance importation of broiler farming plant Oyo State
11 Wewood Limited Stanbic IBTC 84 1,000,000,000.00 Agriculture finance 100% cost of warehouses Edo State
12 Lanre Shittu Motors Stanbic IBTC 75 1,900,000,000.00 Manufacturing Expansion of phase 2 of local Automobile assembling Plant FCT
3,342,760,000.00                        SUB-TOTAL STANBIC IBTC
13 Pally Agro Products LTD Union 65 400,000,000.00 Agriculture Construction of Warehouses Abeokuta State
14 RotoPrint Limited Union 71 590,000,000.00 Manufacturing Flexible packaging products Ogun State
15 Premier Seed Nigeria LTD Union 80 500,000,000.00 Agriculture Financing of Seed production Kaduna State
16 Jubaili Agrotec Union 71 896,000,000.00 Manufacturing Part-finance procurrement of herbicides/pesticides Lagos State
2,386,000,000.00                                           SUB-TOTAL UNION
17 Food Solutions Livestock Limited Wema 87 450,000,000.00 Agriculture Expansion of Poultry farming operations Oyo State
450,000,000.00                                          SUB-TOTAL WEMA
18 Summit Health Care Zenith 64 300,000,000.00 Healthcare Expansion of eye care specilaist hospital Lagos State
19 Aikson Global ASS LTD Zenith 78 400,000,000.00 Manufacturing Purchase and installation of rapida 75 brand of printing machinr Lagos State
20 Metal World Recycling Ltd Zenith 83 150,000,000.00 Manufacturing Purchase of machinery for the Production of Aluminium Lagos State
21 Reliance Chemical Products Limited Zenith 81 1,250,000,000.00 Manufacturing Setting up Silicate Production Plant Lagos State
22 Sonhart Investment Ltd Zenith 74 734,000,000.00 Manufacturing Expansion of factory for manufacturing of industial plastics Ogun State
23 Taraba Farms Limited Zenith 57 500,000,000.00 Agriculture Livestock Production and commercial grazing Taraba State
24 Crutech Consultancy Services Limited Zenith 73 60,000,000.00 Agriculture Finance establishment of an integrated agricultural farm Cross River State
25 Lofeta Global Merchants Company Limited Zenith 74 120,000,000.00 Agriculture To finance the construction of a 20,000 per day automated poultry processing plant Oyo State
26 Sarsoli Industrial Company Limited Zenith 81 2,000,000,000.00 Manufacturing Calcium-carbonate manufacturing, Filler and black master batches Lagos State
27 J.O.F. Nigeria Limited Zenith 61 1,200,000,000.00 Manufacturing Completion of salt factory Lagos State
28 Salient Industries LTD Zenith 81 2,500,000,000.00 Manufacturing Manufacturing of flexible packaging products Lagos State
9,214,000,000.00                                        SUB-TOTAL ZENITH
23,202,396,055.00                                              TOTAL

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