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CENTRAL BANK OF NIGERIA

CALL TO SUBMIT APPLICATIONS FOR 100 FOR 100 POLICY FOR PRODUCTION AND PRODUCTIVITY (PPP)

CENTRAL BANK OF NIGERIA
100 FOR 100 POLICY FOR PRODUCTION AND PRODUCTIVITY (PPP)
CALL TO SUBMIT APPLICATIONS

BACKGROUND
As part of its effort to stimulate the flow of credit to the real sector of the Nigerian economy, the Central Bank of Nigeria (CBN), on 1st November 2021, introduced the 100 for 100 Policy for Production and Productivity (PPP) for eligible private companies with potential to immediately transform and catalyse the productive base of the economy. The initiative is a financial instrument with the broad objective of reversing the nation’s over-reliance on imports, by creating an ecosystem that ensures the flow of finance to companies with projects requiring new machinery and other supports required to achieve significant scale in their in-country production for domestic consumption and exports.

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