FULL LIST: Lanre Shittu Motors, Lamb Ranches… 28 beneficiaries of CBN’s ‘100 for 100’ policy

February 3, 2022 8:51 am

The Central Bank of Nigeria (CBN) has released the list of 28 companies that benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP).

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 1.

SEE FULL LIST:

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