The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has opened applications for a $150 million offshore financing facility designed to help eligible Nigerian businesses expand operations through long-term funding.
The facility, launched in partnership with German banking group ODDO BHF SE, offers loans starting from $10 million at single-digit interest rates, with repayment periods of at least 7.5 years.
According to NACCIMA on its website on Sunday, seen by our correspondent on Tuesday applications are now being accepted through the dedicated online portal.
Who can apply?
To qualify, applicants must:
* Be a legally registered company in Nigeria.
* Have at least three years of audited financial statements.
* Be compliant with Environmental, Social and Governance (ESG) standards.
* Be a verified financial member of a recognised organised private sector association such as:
– NACCIMA
– Manufacturers Association of Nigeria (MAN)
– Nigerian Association of Small and Medium Enterprises (NASME)
– Nigerian Association of
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