The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, one of the leading organized private sector (OPS) groups in the country, has announced the opening of applications for a $150 million offshore expansion facility designed to provide businesses in the country with long-term, single-digit interest financing for expansion and modernization of their operations.
In a statement issued on Sunday, the OPS group disclosed that eligible companies can now submit applications through a dedicated digital portal launched during the Infrastructure Conference 2026 held in Abuja.
The operational framework of the facility and application portal were jointly unveiled by the Chairman of the Joint NACCIMA-ODDO BHF Working Group Committee and former Managing Director of the Bank of Industry, Waheed Olagunju, and the association’s Digital Economy Coordinator and Chairman of the Digital Economy Trade Group, Segun Olugbile
According to the association, the financing initiative is developed in partnership with Germany-based commercial banking group ODDO BHF SE to improve access to foreign capital for Nigerian businesses with a view to boosting their performance and contribution to the nation’s economic growth.
- Advertisement -
Describing the platform as a major step in digitising the origination of foreign direct investment for Nigerian enterprises, the NACCIMA maintained that the facility would provide qualified Nigerian companies with access to patient, long-term expansion capital at single-digit interest rates.
It added that the facility would prioritise manufacturing, excluding defence-related businesses, agro-allied processing, energy, logistics, mineral beneficiation and transportation, while 20 per cent of the total facility had been reserved for the digital economy and information and communication technology sector.
Speaking at the unveiling of the platrom, Olagunju said the initiative was aimed at creating a transparent investment pipeline capable of attracting international investors while supporting the expansion of viable Nigerian companies.
He said: “What we are launching today is a transparent, globally aligned investment origination pipeline as a demonstration of investors’ confidence in Nigeria’s economy.
“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.
“To attract world-class European investment, our digital infrastructure must inspire absolute confidence and trust. This secure e-Portal has been developed with bank-grade encryption and complies with existing regulations. It automates Know-Your-Customer verification and integrates a secure framework to ensure that the proprietary financial information of applicants remains fully protected throughout the transaction process”, Olagunju added.
According to the statement, each successful applicant can access a minimum financing package of `$10m with a repayment tenure of at least seven and a half years.
The association further clarified that beneficiaries would be required to commit between 35 and 50 per cent of the financing to procuring eligible machinery, equipment, goods and services from Europe, while the remaining funds could be deployed within Nigeria or other approved markets.
It stressed that only financially viable businesses with proven repayment capacity would qualify for the facility.
To qualify for the loan, applicants are required to submit at least three years of audited financial statements, demonstrate compliance with environmental, social and governance standards, and 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 (NASSME) or the Nigerian Association of Small Scale Industrialists (NASSI).
The statement added: “This initiative underlines NACCIMA’s commitment to building credible international financing pathways for Nigerian industries. By securing long-term capital through strategic global partnerships, we aim to enhance private sector competitiveness and drive sustainable industrial transformation across the nation,” the association stated.
The OPS group expressed optimism that the facility would support industrial expansion, technology acquisition, productivity improvement and increased competitiveness among Nigerian businesses seeking to scale operations through access to long-term foreign funds.
