Since the start of the intervention, the Central Bank of Nigeria has given beneficiaries under its 100-for-100 Policy on Production and Productivity a total of N114.17 billion.
This information was provided in a statement released by CBN Governor Godwin Emefiele following the most recent meeting of the Monetary Policy Committee in Abuja.
He claimed that 71 projects in the healthcare, industry, and agricultural sectors used the funding.
“Furthermore, under the 100 for 100 Policy on Production and Productivity, the Bank has disbursed the sum of N20.78 billion to nine projects in healthcare, manufacturing, and services. This brings the cumulative disbursements under the facility to N114.17 billion to 71 projects across healthcare, manufacturing, services and agriculture,” he said.
Launched in January 2022, the CBN programme is for a select 100 private sector companies with projects that have the potential to significantly boost domestic production and productivity, lower imports, boost non-oil exports, and generally enhance the capacity of the Nigerian economy to generate foreign exchange.