TERMS OF PORTAL USE

In these terms of portal use (referred to as ‘User Terms’, ‘User Agreement’ or ‘Terms of Service’), the person registering as the representative of a Company is referred to as ‘the Registrant’ and the Company being represented/registered is called ‘the Applicant’. The website https://100for100ppp.ng is referred to as the ‘the Portal’.

SERVICE AGREEMENT

User Account Creation & Registration

you certify that the ID you uploaded is yours, genuine, and not expired and that you are the true representative of the Company (Applicant) whose details you have provided. And that the information provided is true, accurate, current, and complete.

To submit your loan application information and documents on this Portal, you will be required to register by creating a user account on behalf of your Company (referred to as "the Applicant"). As part of the registration process, you, the user (referred to as the Registrant) must provide your first name, last name, Company name, Company RC number, Company TIN, Identification document (scanned national ID, drivers license, or data page of international passport) to be uploaded in pdf format and create a password. You are also to provide your phone number and email address, to which we will send a verification code to confirm you are human. Kindly note that you cannot create more than one account with the same email address and phone number, and a company TIN cannot be registered twice.

When creating a user account on this Portal, you confirm that you are the true representative of the Company (Applicant) whose details you have provided. And that the information is true, accurate, current, and complete. You also certify that the uploaded ID is not expired, and it is yours and not of another person. If you breach these User Terms, your user account (as Registrant) will be suspended and your Company's loan application information and documents blacklisted from the 100 for 100 PPP Intervention Scheme, until you remedy the breach in full.

Publication Of Successful Applicants

you have consented to your name being published in national dailies should your application be approved and disbursed.

To ensure transparency, the list of successful Applicants whose loan applications have been approved and disbursed will be published in national dailies. Going by this, every Company (the Applicant) that submitted loan application information and documents on this Portal have consented to their names being published in national dailies should their application be approved and disbursed. It is important to state that limited and basic information about you will be published.

Interacting With The Portal Dashboard

you agree to maintain a dashboard on this Portal, and that the information therein will be read-only to view your application status

The Registrant on this Portal will maintain a dashboard on behalf of his/her Company (the Applicant). To access the Dashboard, the registrant must Login with the email registered on the Portal and the password created. These details will be verified via OTP sent via SMS to the phone number registered on the Portal during account creation.

On the dashboard, the registrant will be able to monitor and track the stages of loan application after his/her bank physically submit their loan application to the CBN. The loan application statuses are colour-coded on the dashboard. The colour and statuses are as follows: Application Received – Blue; Application Submitted - Brown; Application Processing - Black; Application Approved - Green; Application Declined - Red; and Loan Disbursed - Purple. Information on the dashboard is presented as-is and the Registrant cannot make any changes.

By registering/creating an account and submitting loan application information and documents, you agree to maintain a dashboard on this Portal, and that the information therein will be read-only to view your application status.

Login To The Portal

you agree that access to this portal will be granted to you once the combination of your user name (email address), password and OTP (sent as SMS to your phone number) is correct.

To access the loan application submission and document upload form, you must have been registered on the Portal, after which you will be asked to Login. You are to provide the email address you registered on the portal and enter your password to Login. After which, there will be a second-level authentication via OTP through SMS that will be sent to the phone number you registered on the portal.

Access to the portal will be granted once the combination of your email address, password, and OTP is correct. In a situation where you forget, your password, you can reset the password via the "forgot password" link.

No Fees! No Commission! No Service Charge!

you confirm that you have been informed and understand that your are not to make any payment in fees, commission or service charge regarding the submission of your loan application on this Portal

It is important to note that no payment whatsoever is required on this Portal. Payment is not a pre-requisite for any user to submit loan application information and upload documents to this Portal. No Fees, No Service Charge, and No Commission should be made. The registration to create an account and the submission of loan application information is COMPLETELY FREE.

Account Creation And Loan Application Status Notification

you agree that we send you and your bank credit officer email notifications of your loan application status every time there is a change.

After the creation of an account, a confirmation email will be sent to your registered email same also after the submission of loan application information and documents, a confirmation email will be sent to the email you registered. In addition, an email will be sent to your bank credit officer email which you provided during your loan application information submission and document upload.

To provide updates on application status, the Portal will send out notification emails at any instance of change of application status. As such by registering to create an account and submitting loan application information and documents, you agree that we send you and your bank credit officer email notifications of your loan application status every time there is a change.

Loan Application Information And Document Submission

you certify that documents uploaded are not misleading nor have they been altered in any way. In addition, you agree that your loan application had been physically submitted to your bank before submission to this Portal and that the acknowledgment document is genuine. You are also in agreement that you cannot submit more than one application until the first application is processed.

Submitting loan application information and documents to the Portal does not preclude you from applying to your bank. You are to first make a physical loan application at your bank as a pre-requisite to submitting your loan application information and documents on this Portal. After your registration and account creation, you will then have access to submit your loan application information and documents. It is important to emphasize that this process is not a loan application process, but a Notification to the CBN of the loan application you had already submitted to your bank, and for monitoring and tracking purposes. The submit loan application information and documents process has three sections: The Company Information Section, the The Loan and Bank Information Section and the Document Upload Section.

The Company Information Sectioncomprises the following fields, Company Name, Company RC Number, and Company TIN (these three fields will be auto-completed from the information you had already provided during registration and account creation). Other information to be provided in this section are the business address of the company, the State location (dropdown field), and geo-political (auto-selected based on the State location selected. The second section is the Loan and Bank Information details of the application – here you will be asked to provide information on the project type (brownfield (expansion) or greenfield (new project), loan type (term loan, working capital or term/working capital), the business sector, the sub-sector, the purpose of the loan, the name of the bank, the loan amount, the name and email of your bank credit officer and the date you submitted your loan application to your bank. The third section is the Document Upload Section, you will be required to upload three document types: CAC registration certificate, executive summary of your loan application, and a scanned and signed acknowledgment letter from your bank where you physically submitted your loan application.

You cannot submit more than one loan application information at the same time. You can submit one at a time after the processing of the first application information, then you can submit another application information. When submitting your loan information and documents on this portal, you agree that you are the true representative of the company whose details you have provided. And that the loan information provided is true, accurate, current, and complete. You also certify that documents uploaded are not misleading nor have they been altered in any way. In addition, you agree that your loan application had been physically submitted to your bank before submission to this Portal and that the acknowledgment document is genuine. If you breach these User Terms, your (registrant) account will be suspended and your application information and documents blacklisted from the 100 for 100 PPP Intervention Scheme, until you remedy the breach in full.

LIMITATION OF LIABILITY

The URL to this portal is https://100for100ppp.ng therefore the portal will not take any liability for losses arising from a user being misled by any other look-a-like website. In no way shall this Portal assume any liability arising from a user (Registrant) impersonating a company (Applicant). The portal will not take responsibility for any error in loan application information and documents uploaded. The portal will not be a party in case of dispute between two users (Registrants) or companies (Applicants) over loan application information and documents submitted on the portal.

The portal has in place a second level authentication (2FA) measure to ensure users are correctly verified but should there be a case of identity mixed-up of Registrant, the portal shall not accept any liability. The portal will not entertain or be liable for any user claim of payments made as pre-requisite for submission of loan application information and documents.

PRIVACY STATEMENT

This Privacy Policy describes Our policies and procedures on the collection, use, and disclosure of Your information when You use this Service. We collect your Personal and Company data to ensure we are dealing with genuine and eligible Users, avoid identity mixed up and theft, and correctly serve You. By using this Portal, you agree to the collection and use of information in accordance with this Privacy Policy.

Interpretation

The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.

Definitions

For the purposes of this Privacy Policy:

  • The Portal (referred to as either "the Portal", "We", "Us" or "Our" in this Agreement) refers to 100 for 100 PPP - Policy on Production and Productivity.
  • Website refers to the Portal for the 100 for 100 PPP - Policy on Production and Productivity, accessible from https://100for100ppp.ng
  • Account means a unique account on this Portal created by You through registration to access the Service on this Portal.
  • Company (referred to as either the Company; You; or Your; in this Agreement) refers to the Applicant.
  • You means the individual accessing or using the Portal, or the company on behalf of which such individual is accessing or using the Portal, as applicable. They are also referred to as the Registrant
  • Personal Data is any information that relates to an identified or identifiable individual referred to as the Registrant. In this regard, it includes first name, other name, last name, email address, phone number and scanned ID
  • Company Data refers to the details of the Company (the Applicant) for which the User (the Registrant) is representing. These data include company name, company RC number, and company TIN.
  • Usage Data refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
  • Cookies are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
  • Country refers to:  Nigeria
  • Device means any device that can access the Service such as a computer, a cellphone or a digital tablet.

Data Sharing and Transfer

We shall not share your data with any third-party except in the following instances:

  • with Participating Financial Institutions (PFIs) - Banks: We may share or transfer Your personal and company information in to you bank in connection with the processing of your loan application under the 100 for 100 PPP - Policy on Production and Productivity Intervention.
  • with National Dailies: for the purpose of transparency, the list of successful Applicants whose loan applications have been approved and disbursed will be published in national dailies. Therefore, limited and basic information about you will be published.
  • with Service Providers - for research: We may share Your personal and company information with consulting firms and research institutions for the purposes of research and impact evaluation/assessment. In this case, we shall require these third-parties to be guided and honor this Privacy Policy
  • With law Enforcement: Under certain circumstances, it may be required to disclose Your Personal and Company Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency etc).
Retention of Your Data

The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal and Company Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.

Your Usage Data will aos be retained for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen and improve the Portal functionalities, or We are legally obligated to retain this data for longer time periods.

Security of Your Data
  • Your Role and Responsibility - You have a role to play to enable us to secure and protect your data. Your login credentials to this Portal must be closely guided and protected. It is your duty that the device you are using to access this Portal is safe and free from any form of malware or virus. Make sure you are using an updated version of any antivirus software on your device. Be wary of any email acting as 100for100 PPP, always check the email address before you open any email and do not click on any link within any email.
  • Our Duty and Responsibility - We have put in place measures to secure your data. We have a password policy for you to use a complex combination of alphanumeric and symbols as your password characters, and also set expiry time for your password. In addition we have implemented a second level authentication through OTP sent to the mobile phone you registered on the Portal. The security of Your Personal and Company Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your data, We cannot guarantee its absolute security.

Types of Data Collected

To effectively use this portal for the purpose for which it was set up, we collect your Personal data, Company data, Usage data and Tracking Technologies and Cookies.

Personal Data

While using this Portal, you will be asked to provide certain personally identifiable information that can be used to identify or contact You. Personally, identifiable information may include, but is not limited to:

  • Email address
  • First name and last name
  • Phone number
  • Address, State, Geo-Political Zone
  • name of your bank credit officer
  • email address of your bank credit officer
Company Data

To correctly submit your loan application information and documents, you will be required to provide information regarding the company on behalf of whom you are submitting the loan application information. The company information may include, but is not limited to:

  • Company name
  • Company CAC Registration Number (RC Number)
  • Company Tax Identification Number (TIN)
  • Company bank name
Usage Data

Usage Data is collected automatically when using this Portal. Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of the Portal that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data. When You access this Portal by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data. We may also collect information that Your browser sends whenever You visit our Portal.

Tracking Technologies and Cookies

We may use cookies and similar tracking technologies to track the activity on this Portal and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze the Portal's functionalities. The technologies We use may include:

  • Cookies or Browser Cookies. A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
  • Flash Cookies: Certain features of this Portal may use local stored objects (or Flash Cookies) to collect and store information about Your preferences or Your activity on the Portal.
  • Web Beacons: Certain sections of our Portal and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit us to, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
  • Persistent or Session Cookies: Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. We use both Session and Persistent Cookies to provide You with services available through this Portal and to enable You to use some of its features. These Cookies help to authenticate users and prevent fraudulent use of user accounts. These Cookies allow us to remember choices You make when You use the Portal, such as remembering your login details or language preference to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.

Use of Your Personal Data

The Portal may use Personal Data for the following purposes:

  • To assist you create and maintain an Account on the Portal: to accept Your registration as a user (the Registrant) of the Portal. The Personal Data You provide gives You access to submit loan application information and documents on behalf of your company for processing under the 100 for 100 PPP - Policy on Production and Productivity Intervention. different functionalities of the Service that are available to You as a registered user.
  • To contact You: To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication regarding updates or status of your loan application and other related enquiries
Use of Your Company Data

The Portal may use Your Company Data for the following purposes:

  • To avoid mis-representation of your loan application on the Portal: while handling your loan application under the 100 for 100 PPP - Policy on production and productivity, it is important that your loan application is not mistakenly processed under the name of another company. Therefore, it is vital that we collect your company's data (company name, company RC Number and company TIN). It is also your responsibility to provide accurate and complete company data on this portal.
  • To contact Your Company: Successful applications must be contacted to ensure the right company is notified of any loan approval, it is very important that we have the correct company data (as stated above).
  • Research and Monitoring and Evaluation Purposes: the impact of the 100 for 100 PPP - Policy on Production and Productivity Intervention will be continuously monitored through a robust monitoring and evaluation framework that will wholly depend on the company data.
Tracking Technologies and Cookies

The cookies collected may be use for the following:

  • to analyse and improve portal functionalities we use tracking technologies to track the activity on this Portal and store certain information for the purpose on improving the portal functionalities. We use cookies to enable us count users who have visited pages on the Portal or opened an email and for other related website statistics, verifying system and server integrity
  • User Authentication: We use both Session and Persistent Cookies to authenticate users and prevent fraudulent use of user accounts. These Cookies allow us to remember choices You make when You use the Portal, such as remembering your login details or language preference to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
  • provide personalise user experience: Cookies allows the Portal to remember choices You make when You use it, such as remembering your login details or language preference to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.

Objectives of the Initiative

The broad objective of the initiative is to reverse the nation’s over-reliance on imports, by creating an ecosystem that targets and supports projects with potential to transform and catalyze the productive base of the economy. The specific objectives include:
i. catalyse import substitution of targeted commodities;
ii. increase local production and productivity;
iii. increase non-oil exports; and
iv. improve foreign exchange earning capacity of the economy

Key Performance Indicators

A comprehensive, regular monitoring of specific benchmarks and key performance indicators (KPIs) under the initiative shall be undertaken
regularly. The KPIs (specific and relevant) shall include:
i. % increase in production output of financed companies;
ii. % increase in capacity utilisation;
iii. % increase in export volume and value;
iv. % decrease in import volume and value of industrial raw materials;
v. Increase in number of jobs created.

Activities Covered

Focal activities shall be existing businesses and projects (brownfield) with potential to transform and jumpstart the productive base of the economy such as:
i. Manufacturing
ii. Agriculture and agro-processing
iii. Extractive Industries
iv. Petro-Chemicals and Renewable Energy
v. Healthcare and Pharmaceuticals
vi. Logistics Services and Trade-Related Infrastructure
vii. Any other activities as may be prescribed

Financial Instrument Features

Loan Type

Long-term loan for acquisition of plant and machinery and Working Capital

Loan Limit

Loan amount shall be a maximum of N5 billion per obligor. Any amount above N5 billion shall require the special approval of Management.

The rate of Interest

Interest Rate under the intervention shall be at not more than 5.0% p.a. (all inclusive) up to 28th February 2022, thereafter, interest on the facility shall revert to 9% p.a. (all inclusive) effective from 1st March 2022.

Loan Tenor and Moratorium
  • Term loans shall have a maximum tenor of ten (10) years depending on the complexity of the project, not exceeding 31st December 2031. Each project tenor shall be determined in relation to its cash flow and life span of the underlyingcollateral.
  • Moratorium: Term loans shall have two (2) years moratorium.
  • Working capital facility shall have a tenor of one (1) year with provision for roll over for a maximum of three (3) years.
  • The participating financial institution (PFI) shall bear the credit risk.
  • Refinancing of existing facilities allowed under the initiative, subject to Management’s approval.
Collateral Requirements

The collateral acceptable under the intervention facility shall be as may be acceptable by the PFI under the RSSF-DCRR.

Repayment of Loan

Monthly interests on the facility shall be amortised and transferred quarterly with principal repayments to the CBN.

Participating Financial Institutions (PFIs)

Only CRR contributing Deposit Money Banks (DMBs) shall be eligible to participate under the initiative.

SELECTION CRITERIA

PRODUCTION EFFICIENCY & SCALABILITY
LOCAL CONTENT CAPACITY
HUMAN CAPITAL DEVELOPMENT
OPERATING SECTOR RELEVANT
CONTRIBUTION TO ECONOMIC GROWTH
PARAMETRES Capacity Utilisation and Scalability Scale of locally sourced raw materials Job Creation and Capacity Building Operating sector
potential
Impact on key macroeconomic
indicators
INDICATOR ▪ Financial performance (3yrs audited report)
▪ Business Viability
▪ Project Innovation
▪ Creditworthiness of Directors
▪ 50% of raw material input sourced locally
▪ >80% of jobs created should be for Nigerians
▪ Job creation
▪ Detailed plan for training the workforce with requisite skills to enhance productivity
▪ Alignment with focal business activities
▪ Integration into the Global Export Value Chain
▪ Contribution to GDP potential
▪ Share of domestic market
▪ Foreign exchange earning potential
▪ Export value potential