The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has opened applications for a $150m offshore expansion facility designed to provide Nigerian businesses with long-term, single-digit interest financing for expansion and modernisation.

The association disclosed this in a statement issued on Sunday, saying eligible companies can now submit applications through a dedicated digital portal unveiled during the Infrastructure Conference 2026 held at the Afrexim Tower in Abuja.

According to the statement, the financing initiative was developed in partnership with Germany-based commercial banking group ODDO BHF SE to improve access to foreign capital for Nigerian businesses and strengthen the country’s organised private sector.

The statement read, “The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, under the leadership of Jani Ibrahim, has officially commenced applications for its $150m Offshore Expansion Facility, a financing initiative developed in collaboration with Germany’s ODDO BHF SE to support the growth and modernisation of Nigerian businesses.”

It said the platform represents a major step in digitising the origination of foreign direct investment for Nigerian enterprises.

The operational framework and application portal were jointly unveiled by the Chairman of the Joint NACCIMA-ODDO BHF Working Group Committee and former Managing Director of the Bank of Industry, Waheed Olagunju, and NACCIMA’s Digital Economy Coordinator and Chairman of the Digital Economy Trade Group, Segun Olugbile.

The statement said the facility would provide qualified Nigerian companies with access to patient, long-term expansion capital at single-digit interest rates.

It added that funding would prioritise manufacturing, excluding defence-related businesses, agro-allied processing, energy, logistics, mineral beneficiation and transportation, while 20 per cent of the total facility had been reserved for the digital economy and information and communication technology sector.

Speaking at the unveiling, Olagunju said the initiative was aimed at creating a transparent investment pipeline capable of attracting international investors while supporting the expansion of viable Nigerian companies.

“What we are launching today is a transparent, globally aligned investment origination pipeline as a demonstration of investors’ confidence in Nigeria’s economy,” he said.

Olagunju explained that the Joint NACCIMA-ODDO Committee had developed a framework to enable viable and environmentally compliant Nigerian businesses to obtain financing beginning from `$10m.

“The Joint NACCIMA-ODDO Committee has developed a rigorous framework that enables viable, ESG-compliant Nigerian enterprises to access capital, starting at a minimum of $`10 million, to acquire the European machinery, equipment, and technology needed to scale their operations,” he said.

The statement added that the digital application platform was built with bank-grade encryption and incorporated automated Know-Your-Customer verification processes to protect applicants’ financial information.

“To attract world-class European investment, our digital infrastructure must inspire absolute confidence and trust. This secure e-Portal has been developed with bank-grade encryption and complies with existing regulations. It automates Know-Your-Customer verification and integrates a secure framework to ensure that the proprietary financial information of applicants remains fully protected throughout the transaction process,” Olagunju added.

According to the statement, each successful applicant can access a minimum financing package of `$10m with a repayment tenure of at least seven and a half years.

It noted that beneficiaries would be required to commit between 35 and 50 per cent of the financing to procuring eligible machinery, equipment, goods and services from Europe, while the remaining funds could be deployed within Nigeria or other approved markets.

The association said only financially viable businesses with proven repayment capacity would qualify for the facility.

Applicants are required to submit at least three years of audited financial statements, demonstrate compliance with environmental, social and governance standards, and be verified financial members of recognised organised private sector associations, including NACCIMA, the Manufacturers Association of Nigeria, the Nigerian Association of Small and Medium Enterprises or the Nigerian Association of Small Scale Industrialists.

The statement described the initiative as part of NACCIMA’s broader efforts to establish credible international financing channels for Nigerian businesses.

“This initiative underlines NACCIMA’s commitment to building credible international financing pathways for Nigerian industries. By securing long-term capital through strategic global partnerships, we aim to enhance private sector competitiveness and drive sustainable industrial transformation across the nation,” the association stated.

NACCIMA said the financing programme is expected to support industrial expansion, technology acquisition, productivity improvement and increased competitiveness among Nigerian businesses seeking to scale operations through access to long-term foreign capital.