NACCIMA Opens Applications for $150m Expansion Loan for Manufacturers, Transport Firms

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the commencement of applications for a $150 million offshore financing facility designed to support the expansion of Nigerian businesses across strategic sectors of the economy.

In a statement issued on Sunday, the association said the funding programme was developed in partnership with ODDO BHF SE, a German banking group, and will provide eligible companies with access to long-term financing at single-digit interest rates.

According to NACCIMA, interested businesses can now submit applications through a dedicated online portal unveiled during the Infrastructure Conference (INFRACON) 2026 held in Abuja.

The association explained that the facility targets companies operating in manufacturing, agro-allied processing, energy, logistics, transportation, mineral beneficiation and information and communication technology (ICT).

It added that 20 percent of the total funding has been specifically reserved for projects within Nigeria’s digital economy.

Under the programme, businesses can access financing starting from a minimum of $10 million, with repayment periods of at least 7.5 years, providing companies with long-term capital to expand operations.

However, beneficiaries will be required to commit between 35 and 50 percent of the funds to purchasing eligible machinery, equipment, technology and services from Europe, while the remaining balance may be invested in Nigeria or other approved markets.

Chairman of the Joint NACCIMA–ODDO BHF Working Group Committee, Waheed Olagunju, said the initiative was created to connect financially viable Nigerian businesses with international investment needed to improve productivity and competitiveness.

He explained that the framework would enable qualified companies to acquire modern European machinery and technology capable of accelerating industrial growth.

To qualify for the financing, applicants must provide evidence of financial viability, including at least three years of audited financial statements, while also demonstrating compliance with environmental, social and governance (ESG) standards.

NACCIMA further stated that applicants must be verified financial members of recognised organised private sector associations such as 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).

The association described the programme as part of broader efforts to improve access to affordable long-term capital through international partnerships while promoting industrial expansion, innovation and sustainable economic development across Nigeria.