• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

CBN releases selection criteria for its ‘100 for 100’ policy

Chike Olisah by Chike Olisah
November 1, 2021
in Business News, Spotlight
Banks' borrowing from CBN increased to N737.05 billion
Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has released the selection criteria for private sector companies who wish to take part in its newly introduced financial instrument known as ‘The 100 for 100 PPP – Policy on Production and Productivity,’ which was announced last week.

The initiative, which was announced by the CBN Governor, Godwin Emefiele, at the launch of the Central Bank Digital Currency (CBDC), eNaira, is to help boost local production and productivity in various sectors of the economy.

According to Thisday, the CBN, in a 2-page notice signed by its Development Finance Department, explained that the selection criteria for participation would be based on the businesses’ immediate contribution to economic growth, jobs creation, and social impact. The CBN noted that in selecting the companies, evidence-based, transparent and measurable criteria shall be deployed.

RelatedStories

NEXIM creates online cocoa platform to connects famers to buyers across Africa 

NEXIM Bank reports PAT of N30.4 billion in 2024

October 4, 2025
Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

Wema Bank share capital rises 66% with 14.1 billion shares listing on NGX

October 3, 2025

READ: Over 700,000 benefitted N343.2 billion from CBN’s intervention

What the CBN is saying about the criteria

The apex bank pointed out that the selection criteria was established to ensure the operational framework for a robust and transparent process for identifying and selecting high-impact companies and projects under its 100 for 100 PPP. Some of the listed criteria include;

“These are projects that must catalyse sustainable employment-led economic growth through increased domestic production and productivity in the near term.

“The projects for consideration shall be new projects in existing companies requiring new machinery and other support and must have the greatest potential to achieve significant scale in their in-country production and for domestic consumption and exports.

“This instrument is for only new projects; will not cover any refinance of existing facilities and will be subject to independent evaluation by international audit firms.

“All intervention under this project will be made public and published in national dailies. The CBN will work with fiscal authorities to facilitate power sector, port and export reforms as well as ease of doing business to improve competitiveness in Nigeria so as to complement and propel this initiative.

“Candidate companies with satisfactory performance are invited to apply through their banks effective, today November 01, 2021, to the CBN Department of Development Finance, Office of CBN Governor.’’

READ: CBN says Nigeria’s payment system attracted $500 million investment in five years

The CBN listed the key areas of focus to be funded by the financial instrument to include production efficiency and scalability; local content capacity; job creation and human capital development and contribution to economic growth.

It stated that while considering capacity utilisation and scalability, it will look into historical financial performance (3 years audited report of the company); viability of the business and creditworthiness of its directors and they will all be assigned relevant scores.

On local content capacity, the CBN indicated that over 50% of the raw material input should be sourced locally while over 80% of the jobs created should be sourced locally for Nigerians with capacity building which includes training and skills development.

On its contribution to economic growth, the criteria to be considered include impact on key macroeconomic indicators and global export earning potential as well as contribution to GDP potential, share of domestic market, foreign exchange earning potential and ease of exports.

Firms that intend to benefit from the instrument would be scored: Highly satisfactory, satisfactory, less satisfactory and unsatisfactory in their application.

Projects that meet the stipulated requirements by 81% to 100% shall be adjudged ‘Highly Satisfactory,’ while those that meet the stipulated requirements by 61% to 80% would be adjudged to be ‘Satisfactory.’

However, it stated that projects that meet stipulated requirements by 51% to 60% would be assigned ‘Less Satisfactory,’ and those that meet the requirement by zero to 50% would be assigned the ‘Unsatisfactory’ score.

READ: CBN says governments will be able to send direct payments to citizens using the eNaira

In case you missed it

  • Recall on October 25, 2021, the CBN Governor, Godwin Emefiele, announced the introduction of a new financial instrument known as ‘The 100 for 100 PPP’ Policy on Production and Productivity to boost local production and productivity in various sectors of the economy.
  • Under the initiative, which would be managed by the CBN Development Finance Department, the CBN governor had said, a new set of 100 companies would be rolled out every 100 days and their names would be published in the national dailies for Nigerians to see and confirm.
  • The initiative by the apex bank is expected to provide support for selected private sector companies in the country as well as part of steps to reverse the country’s overreliance on imports.
  • The CBN governor pointed out that the initiative was the best and most sustainable way to address the naira’s value whether in hard currency or digital eNaira through production, production and more production
  • Emefiele had said with the new initiative, CBN would advertise, screen, scrutinise and financially support 100 targeted private sector companies in 100 days, beginning from November 1.
Tags: 100 for 100CBNCBN 100 for 100Central Bank of Nigeria
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

NEXIM creates online cocoa platform to connects famers to buyers across Africa 
Company Results

NEXIM Bank reports PAT of N30.4 billion in 2024

October 4, 2025
Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence
Bank Recapitalization

Wema Bank share capital rises 66% with 14.1 billion shares listing on NGX

October 3, 2025
Hand holding Nigerian Naira banknotes fanned out, representing currency exchange or financial context
Currencies

Naira records first dip in over one week, closes at N1,469/$1 

October 3, 2025
Cardoso: Nigeria must embrace cryptocurrency regulation as market matures 
Cryptos

Cardoso: Nigeria must embrace cryptocurrency regulation as market matures 

October 3, 2025
Nigerian public officials get N721 billion in bribes in 2023
Currencies

Naira is overvalued by 30% against the dollar – Report 

October 3, 2025
FCMB Group opens N160 Billion Public Offer to retain international licence 
Companies

FCMB Group opens N160 Billion Public Offer to retain international licence 

October 3, 2025
Next Post
FUGAZ investors lost N15 billion

Profit-taking in FUGAZ stocks weigh down the NGX, taking the Market Cap to N21.91 trillion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
arco
access bank
nairametrics
first bank









DUNS

Recent News

  • MTN Nigeria to shut 101 sites for network maintenance on October 25
  • Rencap projects 2million bpd by 2026 for Nigeria 
  • Aradel Holdings rated ‘Buy’ by Rencap with N1,040 target 

Follow us on social media:

Recent News

MTN Nigeria

MTN Nigeria to shut 101 sites for network maintenance on October 25

October 21, 2025
Nigeria’s oil sector records –0.85% growth in Q3/2023 

Rencap projects 2million bpd by 2026 for Nigeria 

October 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics