CBN Releases Criteria For Companies' Participation In 100 For 100 PPP

📆 2021-11-01 05:24:00
📰 LeadershipNGA

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The Central Bank of Nigeria (CBN) has unveiled detailed criteria for private sector companies’ participation under the 100 for 100 Policy on Production

CBN Governor Godwin Emefiele had at the launching of the bank’s digital currency tagged eNaira said the new financial instrument will provide financial support to 100 targeted private sector companies in 100 days.

According to an advertorial from the apex bank, the new measure is the operational framework for a robust and transparent process for identifying and selecting high-impact companies and projects under the CBN’s 100 for 100 PPP. “These are projects that must catalyse sustainable employment-led economic growth through increased domestic production and productivity in the near term,” CBN said a release that was signed by its director, development finance, in the office of the Governor.

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