The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for its $150 million Offshore Expansion Facility, a financing initiative designed to provide long-term capital for Nigerian businesses seeking to scale operations and acquire modern technology.
The facility, developed in partnership with German banking group ODDO BHF SE, was unveiled during the Infrastructure Conference (INFRACON) 2026 held at the AFREXIM Tower in Abuja.
Speaking at the launch, Jani Ibrahim, president, NACCIMA, said the initiative reflects the association’s commitment to expanding access to affordable financing for the organised private sector and supporting industrial growth.
Applications for the facility are being processed through a dedicated digital portal, with the next milestone in the programme scheduled for September 11.
The operational framework and application platform were jointly presented by Waheed Olagunju, chairman of the Joint NACCIMA–ODDO BHF Working Group Committee and former managing director of the Bank of Industry, and Segun Olugbile, NACCIMA’s digital economy coordinator and chairman of the Digital Economy Trade Group.
According to NACCIMA, the facility will provide qualified Nigerian enterprises with patient, long-term expansion capital at single-digit interest rates. Priority sectors include manufacturing (excluding defence), agro-allied processing, energy, logistics, mineral beneficiation and transportation, while 20 percent of the fund has been…
Source link
Read Full Article by Gift Wada at businessday.ng
Source link
