The Central Bank of Nigeria (CBN) has disbursed a total of N114.17 billion to beneficiaries under its 100‑for‑100 Policy on Production and Productivity since the programme’s inception. This figure was disclosed in a communiqué from CBN Governor Godwin Emefiele following the most recent Monetary Policy Committee meeting in Abuja. The funds have been allocated to 71 projects spanning the healthcare, manufacturing, services, and agriculture sectors. Specifically, the Bank has released N20.78 billion to nine projects in healthcare, manufacturing, and services, bringing the cumulative disbursement to the aforementioned total.
Launched in January 2022, the 100‑for‑100 initiative targets a select group of 100 private‑sector companies whose projects are expected to significantly boost domestic production and productivity, reduce imports, increase non‑oil exports, and enhance the foreign‑exchange‑generating capacity of the Nigerian economy. The CBN’s guidelines set a maximum loan amount of N5 billion per participant, with any amount exceeding this threshold requiring special approval from the Bank’s management. The programme is bank‑led and will be rolled over every 100 days (approximately quarterly), with a new set of companies selected for financing each cycle.
In collaboration with relevant stakeholders, the CBN aims to implement the initiative with a focus on both micro‑ and macro‑economic impacts. These include the creation of sustainable jobs, development of local content, increased production output, higher capacity utilisation, and integration into global value chains. The overarching objective is to reverse Nigeria’s over‑reliance on imports by fostering an ecosystem that supports projects capable of transforming and catalysing the productive base of the economy.
The specific goals of the policy are to catalyse import substitution for targeted commodities, boost local production and productivity, raise non‑oil exports, and improve the economy’s foreign‑exchange‑earning capacity. Eligible activities encompass existing (brownfield) businesses and projects with immediate transformative potential, as well as new (greenfield) projects that demonstrate comparable promise, subject to approval by CBN management.
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