NACCIMA Launches $150M Low-Interest Loan Facility

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for a $150 million offshore expansion facility aimed at providing Nigerian businesses with long-term, single-digit interest financing for expansion and modernization. This initiative, announced in a statement on Sunday, was developed in collaboration with Germany-based ODDO BHF SE to enhance access to foreign capital for Nigerian enterprises.

Applications can be submitted through a digital portal launched during the Infrastructure Conference 2026 at the Afrexim Tower in Abuja. Under the leadership of Jani Ibrahim, NACCIMA aims to support sectors such as manufacturing, agro-allied processing, energy, logistics, mineral beneficiation, and transportation, with 20% of the funds reserved for the digital economy and ICT.

Waheed Olagunju, Chairman of the Joint NACCIMA-ODDO BHF Working Group Committee, stated that the initiative seeks to create a transparent investment pipeline to attract international investors while supporting viable Nigerian companies.