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GrantHow To Apply for NACCIMA’s $150 Million

How To Apply for NACCIMA’s $150 Million Fund For Nigerian Businesses

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for a $150 million offshore financing facility aimed at supporting eligible Nigerian businesses with long-term funding for expansion and growth. The facility, launched in partnership with German banking group ODDO BHF SE, provides loans starting from $10 million at single-digit interest rates, with…

By Nextali Opportunities DeskPublished Updated

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About this opportunity

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has opened applications for a $150 million offshore financing facility aimed at supporting eligible Nigerian businesses with long-term funding for expansion and growth. The facility, launched in partnership with German banking group ODDO BHF SE, provides loans starting from $10 million at single-digit interest rates, with repayment periods of at least 7.

5 years . The financing is available to businesses operating in sectors including manufacturing, agriculture and agro-processing, energy, oil and gas, ICT and technology, logistics, infrastructure, mining, healthcare, pharmaceuticals, telecommunications, tourism, consumer products, financial services, entertainment, retail and trade.

Application steps

Interested businesses are required to create an account on the NACCIMA application portal and complete the registration process by providing the following details: 1. Company Details Registered company name CAC registration number Date of incorporation Tax Identification Number (TIN) Registered address Operational address Contact details 2.

CEO/Managing Director Information Name of CEO or Managing Director Primary contact person Designation Official email address Phone number 3. Chamber Membership Details Applicants must provide: Chamber affiliation Membership registration ID Trustmark ID (where applicable) Eligible business associations include: Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Manufacturers Association of Nigeria (MAN) Nigerian Association of Small and Medium Enterprises (NASME) Nigerian Association of Small Scale Industrialists (NASSI) Any recognised chamber of commerce affiliated with NACCIMA 4.

Business Information Applicants must provide: Primary business sector Number of employees Annual turnover Gender composition of workforce Staff age distribution 5. Financing Request Details Businesses must state: Project title Purpose of the financing Brief project description Total amount requested (minimum of $10 million) Percentage allocated to European procurement Target market Description of European machinery, equipment, technology or services to be acquired Proposed European country of origin 6.

Financial Information Applicants must provide: Paid-up capital Turnover for the last three years Current debt exposure Classified debt details EBITDA reports for the last three years 7.

Documents to prepare

Applicants must submit: Signed letter of intent Project summary CAC certificate of incorporation Three years audited financial statements Proof of chamber membership Tax Clearance Certificates for the last three years Ownership and management profile Identification documents of directors and shareholders ESG sustainability policy (where available) Under the programme, between 35 per cent and 50 per cent of the financing must be used to purchase approved machinery, equipment, technology or services from Europe. Also, 20 per cent of the facility has been reserved for digital economy projects.

Businesses must confirm that the funds will not be used for defence, military purposes or speculative trading before submitting their applications. Application Portal: https://financing.

naccima. com

Who can apply

  • eligible Nigerian businesses with long-term funding for expansion and growth

Sources and verification

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