NACCIMA opens $150 million loan window for Nigerian businesses

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for a $150 million offshore financing facility to help businesses expand with long-term loans. Loans start from $10 million, with repayment periods extending to a minimum of 7.5 years.

The facility is being offered in partnership with Germany's banking group, ODDO BHF SE. NACCIMA said applications are now live through a dedicated online portal unveiled during the Infrastructure Conference (INFRACON) 2026 in Abuja.

Who can access the fund

The fund targets companies in manufacturing, agro-processing, energy, logistics, transportation, mineral beneficiation and information and communication technology (ICT). NACCIMA said 20% of the fund has been earmarked for projects in Nigeria's digital economy.

To qualify, businesses must have at least three years of audited financial statements and must demonstrate compliance with environmental, social and governance (ESG) standards. Applicants must also be verified financial members of recognised private sector associations, including the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Small and Medium Enterprises (NASME), the Nigerian Association of Small Scale Industrialists (NASSI), or NACCIMA itself.

How the loans work

Beneficiaries will be required to dedicate between 35% and 50% of the financing to purchasing approved machinery, equipment, technology and services from Europe. The remaining funds may be invested in Nigeria or other approved markets.

Financing will be provided at single-digit interest rates, according to NACCIMA. Chairman of the Joint NACCIMA-ODDO BHF Working Group Committee, Waheed Olagunju, said the programme is structured to enable financially viable and environmentally compliant companies to secure capital for acquiring advanced European equipment and technology.

“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.

What this means for Nigerian businesses

The programme is part of NACCIMA's broader strategy to improve Nigerian businesses' access to long-term international capital, strengthen industrial capacity and enhance the competitiveness of local enterprises in regional and global markets. For businesses that meet the requirements, the facility offers a rare chance to secure dollar-denominated financing on more flexible terms than typical commercial bank loans.