Nigeria launches $150m low-interest loan for business expansion

Nigerian businesses seeking to expand and modernize now have access to a $150 million offshore expansion facility. The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for this initiative, which offers long-term, single-digit interest financing.

The program is a collaboration between NACCIMA and the Germany-based commercial banking group ODDO BHF SE. Its primary goal is to enhance Nigerian businesses' access to foreign capital and bolster the nation's organized private sector. Applications are being managed through a newly launched digital portal, introduced during the Infrastructure Conference 2026 in Abuja.

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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.

Funding will primarily target sectors such as manufacturing (excluding defense), agro-allied processing, energy, logistics, mineral beneficiation, and transportation. Notably, 20 percent of the total facility is earmarked for the digital economy and information and communication technology sectors. The initiative aims to attract international investors by creating a transparent investment pipeline, with financing available for viable companies starting at a minimum of $10 million.

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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