The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has moved to unlock large-scale funding for local enterprises, following talks with European financial group, ODDO BHF, on a proposed long-term financing scheme starting from $10 million.
The development came during a strategic meeting held on Monday, March 30, 2026, at the NACCIMA Secretariat, where both parties explored ways to expand access to sustainable funding for Nigerian businesses.
At the centre of the discussions is a financing plan that will provide a minimum of $10 million to qualified Nigerian companies, with a repayment tenure of at least 7.5 years. The initiative is expected to target businesses with strong project structures that meet international banking standards.
Officials disclosed that priority would be given to enterprises in the manufacturing sector, as part of efforts to boost local production and strengthen Nigeria’s industrial base. Only members of NACCIMA and affiliated chambers are expected to benefit from the scheme.
Speaking during the meeting, the Director-General of NACCIMA, Mr Sola Obadimu, said the partnership aligns with the association’s commitment to linking Nigerian businesses with global financing opportunities.
He noted that many local firms struggle to access long-term capital, stressing that the proposed funding window could help bridge the gap and support expansion plans for credible businesses.
Further details revealed that companies seeking to benefit must demonstrate project readiness, meet strict international appraisal requirements, and show capacity for long-term sustainability.
To ensure smooth implementation, both parties agreed to set up a joint working group that will oversee the development of a partnership framework, including screening and selection processes for eligible businesses.
In addition, NACCIMA disclosed that its e-application portal would be deployed to simplify access and improve transparency in the application process.
Chairman of the NACCIMA ODDO BHF Committee, Dr Waheed Olagunju, explained that the qualification process would align with global development finance standards, drawing from established models used by institutions such as development banks.
Also speaking, a Director at ODDO BHF, Mr Guillaume Habarugira, reaffirmed the group’s interest in supporting enterprise development in Nigeria, noting that the initiative would focus on credible businesses capable of utilising large-scale funding effectively.
He added that further engagements would include technical collaboration and possible participation of NACCIMA in ODDO BHF’s annual training programme scheduled for June.
Findings indicate that ODDO BHF will begin work on a framework to identify and engage qualified Nigerian businesses, while both organisations will establish a dedicated communication channel to drive execution.
Industry observers say the $10 million minimum financing plan could mark a significant shift in access to long-term capital for Nigerian firms, particularly in the manufacturing sector, where funding constraints have continued to limit growth.
The initiative is expected to deepen private sector participation in economic development and position more Nigerian businesses to compete on a global scale.
