NACCIMA Unveils $150 Million Offshore Financing Facility for Nigerian Businesses

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has established a $150 million offshore financing facility aimed at supporting commercial enterprises across Nigeria.

The initiative offers long-term loans featuring single-digit interest rates, intended to lower borrowing costs for domestic enterprises seeking capital for expansion and operational stability.

Applications for the financing facility are currently open to eligible Nigerian businesses seeking long-term funding solutions through the organization's dedicated application process.