NACCIMA Opens $150m Offshore Fund to Help Nigerian Businesses Expand

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has thrown open applications for a new $150 million offshore expansion facility.

The fund is designed to give Nigerian companies access to long-term financing at single-digit interest rates to grow and upgrade operations.

NACCIMA announced the launch on Sunday. Eligible businesses can now apply through a dedicated online portal unveiled at the Infrastructure Conference 2026 in Abuja, held at the Afrexim Tower.

The facility was developed in partnership with Germany’s commercial banking group, ODDO BHF SE.

The goal, according to NACCIMA, is to bridge the gap in access to foreign capital and strengthen Nigeria’s organised private sector.

In the statement, NACCIMA President, Jani Ibrahim, said the initiative will support the growth and modernisation of Nigerian businesses at a time when access to affordable funding remains a major challenge.