The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for a $150 million offshore financing facility designed to provide eligible Nigerian businesses with long-term funding for expansion, investment and business growth.
The facility, launched in partnership with ODDO BHF SE, offers financing from $10 million at single-digit interest rates, with repayment periods of at least 7.5 years.
This makes the opportunity particularly relevant to established businesses seeking substantial capital for major expansion projects, equipment acquisition or other large-scale investments.
Funding Benefits
Eligible businesses can access:
- Financing starting from $10 million.
- Single-digit interest rates.
- Repayment period of at least 7.5 years.
- Long-term financing for eligible business expansion and investment projects.
- Access to offshore financing through the NACCIMA-ODDO BHF partnership.
Eligible Sectors
Businesses operating in sectors including the following may apply:
- Manufacturing
- Agriculture and agro-processing
- Energy
- Oil and gas
- ICT and technology
- Logistics
- Infrastructure
- Mining
- Healthcare and pharmaceuticals
- Telecommunications
- Tourism
- Consumer products
- Financial services
- Entertainment
- Retail and trade
Important Funding Conditions
Applicants should note that this is a large-scale business financing facility, not a small-business grant.
- The minimum financing request is $10 million.
- Between 35% and 50% of the financing must be used to purchase approved machinery, equipment, technology or services from Europe.
- 20% of the facility is reserved for digital economy projects.
- Funds must not be used for defence, military purposes or speculative trading.
Who Can Apply?
The facility is intended for established Nigerian businesses that can meet the financing and documentation requirements.
Applicants must provide evidence of:
- Registered business operations.
- Chamber membership.
- Financial performance.
- Business ownership and management structure.
- A clearly defined project requiring financing.
Required Business Information
Applicants will need to provide:
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View all- Registered company name and CAC registration number.
- Date of incorporation.
- Tax Identification Number (TIN).
- Registered and operational addresses.
- CEO/Managing Director details.
- Contact information.
- Primary business sector.
- Number of employees.
- Annual turnover.
- Workforce gender and age composition.
Chamber Membership
Applicants must provide their chamber affiliation, membership registration ID and Trustmark ID where applicable.
Eligible associations include:
- NACCIMA
- Manufacturers Association of Nigeria (MAN)
- Nigerian Association of Small and Medium Enterprises (NASME)
- Nigerian Association of Small Scale Industrialists (NASSI)
- Recognised chambers of commerce affiliated with NACCIMA
Financing Request Details
Businesses will be required to provide:
- Project title.
- Purpose of the financing.
- Project description.
- Total amount requested.
- Percentage allocated to European procurement.
- Target market.
- Details of European machinery, equipment, technology or services to be acquired.
- Proposed European country of origin.
Financial Information Required
Applicants should be prepared to provide:
- Paid-up capital.
- Turnover for the last three years.
- Current debt exposure.
- Classified debt details.
- EBITDA reports for the last three years.
Required Documents
Applicants will need to submit:
- Signed letter of intent.
- Project summary.
- CAC Certificate of Incorporation.
- Three years’ audited financial statements.
- Proof of chamber membership.
- Tax Clearance Certificates for the last three years.
- Ownership and management profile.
- Identification documents of directors and shareholders.
- ESG sustainability policy, where available.
How to Apply for NACCIMA $150 Million Fund
Interested and eligible businesses should create an account on the NACCIMA financing portal and complete the application with the required company, financial, project and membership information.
Important: Businesses should carefully review the financing conditions and documentation requirements before applying, particularly the $10 million minimum financing requirement and European procurement conditions.
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