NACCIMA $150 million business fund
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for its $150 million Offshore Expansion Facility, providing qualified Nigerian businesses with access to long-term financing aimed at supporting expansion, industrial modernisation and technology acquisition.
The financing programme, developed in partnership with German commercial banking group ODDO BHF SE, seeks to improve access to international capital for Nigerian enterprises through single-digit interest financing with long repayment periods.
According to NACCIMA, applications are now being received through a dedicated digital portal launched during the Infrastructure Conference (INFRACON) 2026 at the Afreximbank Tower in Abuja. The association said the initiative is designed to create a transparent pipeline connecting viable Nigerian businesses with international investors.
The launch means NACCIMA $150 million business fund has become one of the largest organised private-sector financing initiatives currently available to Nigerian companies seeking large-scale expansion capital.
What Is the NACCIMA Expansion Fund?
The facility is an offshore expansion financing programme created to support established Nigerian businesses with long-term growth capital.
Unlike conventional commercial bank loans, the facility offers patient capital at single-digit interest rates with a minimum repayment period of seven and a half years.
NACCIMA said the programme is intended to help companies acquire modern European machinery, equipment and industrial technology capable of improving productivity and competitiveness.
The NACCIMA $150 million business fund focuses on expansion rather than short-term working capital.
Eligible Sectors
According to NACCIMA, priority will be given to businesses operating in:
- Manufacturing (excluding defence-related production)
- Agro-allied processing
- Energy
- Logistics
- Mineral beneficiation
- Transportation
- Information and Communication Technology (ICT)
The association also announced that 20 per cent of the total facility has been reserved for Nigeria’s digital economy and ICT sector, demonstrating a commitment to supporting technology-driven businesses.
These sectors were selected because of their potential to generate employment, increase exports and strengthen Nigeria’s industrial base.
Who Can Apply?
To qualify for the NACCIMA $150 million business fund, applicants must satisfy several conditions.
Eligible businesses must:
- Demonstrate financial viability.
- Show proven repayment capacity.
- Submit at least three years of audited financial statements.
- Demonstrate compliance with Environmental, Social and Governance (ESG) standards.
- Be verified financial members of recognised organised private-sector associations.
Eligible associations include:
- NACCIMA
- Manufacturers Association of Nigeria (MAN)
- Nigerian Association of Small and Medium Enterprises (NASME)
- Nigerian Association of Small Scale Industrialists (NASSI)
These requirements are intended to ensure that financing is directed toward established businesses capable of utilising large-scale investment effectively.
Minimum Funding Available
Unlike many SME financing programmes, this initiative targets relatively large expansion projects.
According to NACCIMA, successful applicants may obtain financing starting from a minimum of $10 million.
The programme is therefore primarily intended for medium-sized and large enterprises seeking significant investment for expansion and industrial modernisation.
The NACCIMA $150 million business fund is not designed for micro-enterprises or small working-capital loans.
Funding Conditions
NACCIMA explained that beneficiaries will be required to allocate between 35 and 50 per cent of the financing toward purchasing eligible machinery, equipment, goods and services from Europe.
The remaining portion may be invested within Nigeria or other approved markets in accordance with the financing agreement.
Officials say this arrangement is intended to facilitate technology transfer while improving the competitiveness of Nigerian industries.
How to Apply
Businesses interested in the NACCIMA $150 million business fund should:
- Visit the official application portal provided by NACCIMA.
- Complete the online application form.
- Upload audited financial statements covering at least three years.
- Provide evidence of ESG compliance.
- Submit proof of verified membership in an eligible organised private-sector association.
- Complete the Know-Your-Customer (KYC) verification process.
- Submit all supporting documentation for assessment.
Applications will undergo financial, technical and compliance reviews before approval decisions are made.
Secure Digital Application Portal
NACCIMA said the online application platform has been developed using bank-grade encryption.
According to the association, the portal automates Know-Your-Customer verification while protecting applicants’ confidential financial information throughout the application process.
The digital approach is expected to improve transparency and reduce administrative delays.
Why the Programme Matters
Access to affordable long-term financing has remained one of the biggest challenges facing Nigerian businesses.
Many local companies struggle to obtain expansion capital because of high commercial lending rates and relatively short loan tenors.
The NACCIMA $150 million business fund seeks to address that gap by connecting qualified Nigerian enterprises with international financing on more favourable terms.
If successfully implemented, the programme could support industrial expansion, job creation and technology transfer.
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Challenges Applicants Should Consider
While the financing terms are attractive, businesses should recognise that the programme targets companies with strong financial records and substantial expansion projects.
Preparing audited financial statements, ESG documentation and comprehensive investment proposals will require careful planning.
Applicants should also understand the obligations attached to foreign financing, including repayment responsibilities and compliance with programme conditions.
Businesses should therefore seek professional financial and legal advice before submitting applications where necessary.
Ogele News Perspective
The NACCIMA Offshore Expansion Facility represents a significant opportunity for established Nigerian businesses seeking long-term growth capital.
Its emphasis on industrial expansion, technology acquisition and relatively affordable financing distinguishes it from many conventional commercial lending programmes.
However, businesses should not view the initiative as free funding.
Applicants will be expected to demonstrate financial discipline, operational capacity and the ability to repay substantial financing.
The NACCIMA $150 million business fund also highlights the growing role of organised private-sector institutions in attracting international investment into Nigeria.
If managed transparently and efficiently, the initiative could improve industrial productivity, strengthen exports and create employment opportunities across several strategic sectors.
Ultimately, the programme’s success will depend not only on the availability of capital but also on selecting credible businesses capable of transforming investment into sustainable economic growth.
