NACCIMA: $150m Offshore Expansion Loan for Nigerian Businesses Launched

• NACCIMA has launched a $150m offshore expansion facility for Nigerian businesses.
• The initiative provides long-term, single-digit interest financing for eligible companies.
• The digital application platform was unveiled during the Infrastructure Conference 2026 in Abuja.
• 20% of the total facility is reserved for the digital economy and information and communication technology sector.

This move represents a significant step towards digitising the origination of foreign direct investment for Nigerian businesses.

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has launched a $150m offshore expansion facility to provide long-term, single-digit interest financing for Nigerian businesses. This initiative, developed in partnership with ODDO BHF SE, aims to improve access to foreign capital for Nigerian enterprises and strengthen the country's organised private sector. The digital application platform was unveiled during the Infrastructure Conference 2026 at Afrexim Tower in Abuja, allowing eligible companies to submit applications through a dedicated portal. This move represents a significant step towards digitising the origination of foreign direct investment for Nigerian businesses.

The financing initiative is designed to provide patient, long-term expansion capital at single-digit interest rates to qualified Nigerian companies. The operational framework and application portal were jointly unveiled by Waheed Olagunju, whose current role as Chairman of the Joint NACCIMA-ODDO BHF Working Group Committee could not be verified, and Segun Olugbile, NACCIMAs Digital Economy Coordinator. The facility prioritises manufacturing, excluding defence-related businesses, agro-allied processing, energy, logistics, mineral beneficiation, and transportation sectors. Additionally, 20% of the total facility has been reserved for the digital economy and information and communication technology sector.

This new loan facility may provide a viable option for Nigerian businesses seeking long-term, single-digit interest financing for expansion and modernisation. Lawyers advising these companies should review the eligibility criteria and application process to ensure their clients meet the requirements. The initiative's focus on digitising foreign direct investment origination is also noteworthy, as it aims to create a transparent investment pipeline capable of attracting international investors while supporting the growth of viable Nigerian companies.

Lawyers advising Nigerian businesses should note that this new loan facility may provide a viable option for companies seeking long-term, single-digit interest financing for expansion and modernisation, but they should also review the eligibility criteria and application process to ensure their clients meet the requirements.

Source: Original reporting via NACCIMA