The Real Sector Support Facility – Differentiated Cash Reserve Requirement (RSSF-DCRR)

The Real Sector Support Facility (RSSF) was set up to fast track the development of critical sectors of the economy, such as manufacturing, agriculture value chain and the service sub- sectors of the Nigerian economy. It is aimed at increasing output, generating employment, diversifying the revenue base, increasing foreign exchange earnings and providing inputs for the industrial sector on a sustainable basis. Under this intervention programme, priority is accorded to projects with high local content, import substitution, foreign exchange earnings and potential for job creation.

Name: Mangal Industries Intervention: RSSF-DCRR Sector: Manufacturing Location: Kogi State

Mangal Industries Limited is located in Kogi State. The project was part-financed to set up a 6000tons per day greefield intergrated cement factory and to install a 50MW captive power plant. The company’s annual production capacity is estimated to be about 2 Million tones.

Specifically, the new plant is expected to increase the company’s capacity by an additional 1.9 Million tons per day thereby reducing the demand-supply gap and stablizing cement prices in the country, in addition to this, the project would create huge job opportunities for Nigerians.

Name : B.N CERAMICS Intervention: RSSF-DCRR Sector: Manufacturing Location: Kogi State

B.N Ceramics is a manufacturer of ceramic and porcelain tiles in Nigeria. The company owns a prodcution base with two authentic polishng automatic lines at Ajaokuta, Kogi, specilaizing in a wide range of products in ceramics and porcelain polishing categories.