The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has launched a $150 million offshore financing facility to provide Nigerian businesses with long-term, single-digit interest capital.

Key Points

• The $150 million facility is a partnership between NACCIMA and the Germany-based commercial banking group ODDO BHF SE.
• Eligible companies can apply for a minimum of $10 million in financing with a repayment tenure of at least seven and a half years.
• Funding prioritizes sectors including manufacturing, agro-allied processing, energy, logistics, and 20 percent is reserved for the digital economy and ICT.
• Applicants must provide three years of audited financial statements and demonstrate compliance with environmental, social, and governance (ESG) standards.
• Beneficiaries are required to spend 35 to 50 percent of the funds on European machinery, equipment, or services to facilitate industrial modernization.
• The application process is managed through a secure, encrypted digital portal featuring automated Know-Your-Customer verification.

Why it Matters

This initiative provides a critical pathway for Nigerian enterprises to access affordable foreign capital, which is essential for scaling operations and acquiring advanced European technology. By establishing a transparent, globally aligned investment pipeline, the program aims to boost the competitiveness of the local private sector and foster long-term industrial growth.