Request for Application (RFA) for 100 for 100 Policy - PPP at the Central Bank of Nigeria (CBN)

Posted by Future on Wed 17th Nov, 2021 - nigeriantenders.com

The Central Bank of Nigeria invites eligible and interested companies to tender RFA documents for the following works:

The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.

Applications are invited for:

Title: Call for Application - 100 for 100 Policy for Production and Productivity (PPP)

Preamble

As part of its effort to stimulate the flow of credit to the real sector of the Nigerian economy, the Central Bank of Nigeria (CBN), on 1 November 2021, introduced the 100 for 100 Policy for Production and Productivity (PPP) for eligible private companies with potential to immediately transform and catalyse the productive base of the economy.

The initiative is a financial instrument with the broad objective of reversing the nation's over-reliance on imports, by creating an ecosystem that ensures the flow of finance to companies with projects requiring new machinery and other supports required to achieve significant scale in their in-country production for domestic consumption and exports.

Selection Criteria

The selection criteria for participation under the Initiative are premised on the project's immediate contribution to economic growth, jobs creation, and social impact. In selecting companies and projects for financing under the Initiative, therefore, the following evidence-based, transparent and measurable criteria shall be considered.

S/No	Key Areas	Parameters	Indicators
1	Production Efficiency and Scalability	Capacity Utilization and Scalability	Historical Financial Performance (3 years audited report of the company) Viability of the Business Project Innovation Creditworthiness of Directors
2	Local Content Capacity	Scale of locally sourced raw materials	50% of raw material input sourced locally 80% of jobs created should be for Nigerians
3	Job Creation & Human Capital Development	Job Creation and Capacity Building	Job Creation Detailed plan for training the workforce with requisite skills to enhance productivity
4	Operating Sector Relevance	Operating Sector Potential	Alignment with focal business activities Integration into the Global Export Value Chain
5	Contribution to Economic Growth	Impact on Key Macroeconomic Indicators	Contribution to GDP potential Share of domestic market Foreign Exchange earning potential Export Value Potential

Submission of Documents

Eligible interested companies are invited to apply through their banks with the complete required documentation to:

Philip Yila Yusuf,

Director,

Development Finance Department,

Central Bank of Nigeria,

Central Business District,

F.C. T - Abuja.

Upon submission of applications to the Banks, applicants shall notify the CBN of their submissions via a dedicated portal to: https://100for100ppp.ng for tracking and monitoring of applications' status.

Note

The CBN reserves the right to decline any proposal that does not meet the stipulated requirements.

For the detailed guidelines and further information, kindly visit the Bank's website: www.cbn.gov.ng