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NACCIMA has opened applications for a $150 million offshore financing facility to help Nigerian businesses expand with long-term loansThe fund targets companies in manufacturing, agriculture, energy, logistics, ICT and other key sectors, with loans starting from $10 million To qualify, businesses must have at least three years of audited financial statements and belong to recognised private sector associations
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Nigerian businesses can now apply for a $150 million offshore financing facility launched by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to help companies expand operations across strategic sectors of the economy.
The association disclosed in a statement on Sunday that the funding programme, developed in partnership with Germany’s banking group, ODDO BHF SE, will provide qualifying businesses with access to long-term financing at single-digit interest rates.
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