APPLY: NACCIMA launches applications for $150m expansion loan for manufacturers, transport firms

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) says it has opened applications for a $150 million offshore financing facility aimed at supporting the expansion of Nigerian businesses across key sectors of the economy.

In a statement on Sunday, the association said the facility, developed in partnership with ODDO BHF SE, a German banking group, offers eligible companies access to long-term expansion financing at single-digit interest rates.

NACCIMA said applications can now be submitted through the dedicated online portal launched during the Infrastructure Conference (INFRACON) 2026 in Abuja.

According to the association, the financing targets businesses operating in manufacturing, agro-allied processing, energy, logistics, mineral beneficiation, transportation, and information and communication technology (ICT), with 20 percent of the fund reserved for digital economy projects.

The facility provides a minimum financing amount of $10 million with a minimum repayment tenor of 7.5 years, according to NACCIMA.

However, the association said beneficiaries must commit between 35 percent and 50 percent of the financing to procuring eligible machinery, equipment, technology and services from Europe, while the balance may be invested in Nigeria or other approved markets.

Speaking on the facility, Waheed Olagunju, chairman of the Joint NACCIMA–ODDO BHF working group committee, said the initiative is designed to connect viable Nigerian businesses with long-term international capital.

“The Joint NACCIMA–ODDO Committee has developed a rigorous framework that enables viable, ESG-compliant Nigerian enterprises to access capital, starting at a minimum of $10 million, to acquire the European machinery, equipment and technology needed to scale their operations,” Olagunju said.

To qualify, NACCIMA said applicants must demonstrate financial viability by providing at least three years of audited financial statements and evidence of compliance with environmental, social and governance (ESG) standards.

The association added that applicants must also be verified financial members of recognised organised private sector associations, including NACCIMA, the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Small and Medium Enterprises (NASME), or the Nigerian Association of Small Scale Industrialists (NASSI).

NACCIMA also said the initiative is part of efforts to expand access to long-term capital for Nigerian businesses through international partnerships while supporting industrial growth and competitiveness.