For many Nigerian businesses, securing affordable long-term capital has remained one of the biggest barriers to growth. Seeking to change that reality, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has launched applications for a $150 million offshore financing programme designed to support investment across critical sectors of the economy.
The facility, developed in partnership with German banking group ODDO BHF SE, will provide eligible companies with access to funding at single-digit interest rates. Applications are now open through a dedicated online portal unveiled during the Infrastructure Conference (INFRACON) 2026 in Abuja.
According to NACCIMA, the programme is open to businesses operating in manufacturing, agro-allied processing, energy, logistics, mineral beneficiation, transportation, and information and communication technology (ICT). The association also stated that 20 percent of the total fund has been reserved for projects within Nigeria's digital economy.
Eligible businesses can access financing starting from a minimum of $10 million, with a minimum repayment tenor of 7.5 years. Under the terms of the facility, beneficiaries must commit between 35 percent and 50 percent of the financing to procuring eligible machinery, equipment, technology and services from Europe, while the remaining funds may be invested in Nigeria or other approved markets.
Waheed Olagunju, Chairman of the Joint NACCIMA–ODDO BHF Working Group Committee, said the initiative was created to connect viable Nigerian enterprises with international capital needed to strengthen their operations.
He explained that the Joint NACCIMA–ODDO Committee has established a rigorous framework that enables viable, ESG-compliant Nigerian companies to obtain financing from $10 million upwards for the acquisition of European machinery, equipment and technology required to scale their businesses.
To qualify, applicants must provide at least three years of audited financial statements as evidence of financial viability and demonstrate compliance with Environmental, Social and Governance (ESG) standards.
NACCIMA 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).
The programme forms part of the association's wider effort to expand Nigerian businesses' access to international financing through strategic partnerships, supporting industrial development and enhancing the capacity of local enterprises to compete in an increasingly global marketplace.
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