Thi  initiative shall be funded from the CBN’s Real Sector Support Facility-Differentiated Cash Reserve Requirement (RSSF-DCRR) window or any other funding window as may be determined by the CBN.
The CBN would set up comprehensive, regular monitoring of specific benchmarks and key performance indicators (KPIs) for selected companies including:
# Rate of Growth in production output
# Increase in capacity utilization
# Increase in export volume
# Increase in export value
# Decrease in industrial raw material import volume
# Decrease in industrial raw material import value
# Increase in the number of jobs generated.
How To Apply For CBN 100 For 100 PPP Loan
Interested private-sector enterprises must submit applications to their PFIs together with the necessary documentation, which includes, among other things,
> Financial statements.
> Certified true copies of company registration documents evidencing the incorporation of the Company with the Corporate Affairs Commission (CAC)
> Three (3) years of audited financials, including the most recent management account of the company
> Evidence of the company’s, promoters’, and directors’ creditworthiness
> At least two (2) credit reports of the company and the directors;
> Business plan of the underlying project for which the facility is to be applied
> Detailed status report on project’s capacity utilisation, production output, productivity/efficiency level, employment level, export capacity, and value creation
Increased capacity utilisation, production output, productivity/efficiency level, employment level, export capability, and value creation after funding should be projected to represent the project’s post-financing economic benefits.
Applicants shall notify the CBN of submitted applications via a dedicated online portal (https://100for100ppp.ng)
Here is the process your application would take before approval
Once the lending bank receives your applications, due diligence on them based on business and credit would be conducted.
After which, the lending bank would forward the applications of their eligible private sector companies to the CBN for approval by the appropriate PFI’s Credit Committee.
The CBN would screen and finance eligible private sector companies in 100 days, and rollover every 100 days.
The CBN shall release the approved sum to the PFI for onward disbursement to the selected private sector companies and successful beneficiaries would be published in National dailies for Nigerians to verify and confirm with details of facility granted, operating sector, manufacturing activities financed, and PFI.
Learn more at https://100for100ppp.ng
