CBN DISBURSED N23.20b TO 28 BENEFITING COMPANIES THROUGH 100 FOR 100, PPP PROGRAM

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The federal government of Nigeria, through Central Bank of Nigeria, CBN, has lunched the 100 for 100 policy on production and productivity (PPP), with the presentation of cheques of huge amount worth N23.20 billion to 28 beneficiaries companies by CBN governor, Mr. Godwin Emefiele in Abuja.

Meanwhile, the beneficiaries comparises 14 companies in the manufacturing sector, 12 in the Agricultural sector, and 2 in the healthcare sector, at the bank’s head office Abuja, Mr. Emefiele disclosed that the program was designed by the CBN to stimulates investment in Nigeria’s priority sectors with core objectives of boosting production and productivity.

Dr. Habiba Lawal, the permanent secretary, Ecological Fund office, who represent the secretary to the government of the federation, Mr. Boss Mustapha, said that, the program was coming at a time the country was exploring means of economic diversification at reversing it’s overdependence on importation as well as galvanizing local production of goods and services that will inturn bridge the gab of unemployment in the country.

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