>
By Akinwande Soji-Ojo
The Central Bank of Nigeria(CBN) has released the list of 28 companies that benefitted from the first phase of the 100 for 100 policy on production and productivity (PPP).
The apex bank released the list in a document posted on its official website, on Wednesday.
According to CBN, the beneficiaries are private companies that have projects to fund.
Fourteen out of the 28 companies are in the manufacturing sector, 12 are in the agricultural sector, while two are in the healthcare sector.
The document showed that only companies from 12 states and the Federal Capital Territory benefited from the first batch of disbursements.
CBN Governor, Godwin Emefiele, 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,”had said.
The projects valued at N23.20 billion includes 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 Apex bank said.
It added that application for the next cycle of the 100 for 100 policy programme would kick off from February 1.
See list of beneficiaries below;