Build Africa, Nigeria’s leading digital marketplace for building materials, has joined forces with fintech platform Oze to roll out the Build Africa Credit Scheme, a pioneering Buy Now Pay Later (BNPL) initiative aimed at empowering builders, contractors, and developers across the country.
With over ₦2 Billion in annual credit available, the scheme is set to promote faster access to construction materials and accelerate project delivery for thousands of professionals in the sector.
The Build Africa Credit Scheme directly addresses a longstanding challenge in Nigeria’s construction industry: limited access to affordable, timely financing. Through a fully digital application process, customers purchasing materials on BuildAfrica.store can now apply for short-term credit, receive approval within 24 hours, and use the approved amount instantly at checkout, no collateral required.
“We’re excited to power this initiative with Build Africa,” said Meghan McCormick, Co-founder of Oze. “Our goal is to make credit accessible to builders who are often overlooked by traditional lenders. This partnership brings together Oze’s data-driven lending model and Build Africa’s trusted supply chain to deliver real impact.”
Oze is a leading fintech platform operating in Nigeria, Ghana, and Rwanda, helping financial institutions scale digital lending for small businesses. To date, it has facilitated nearly $2 million in MSME loan disbursements.
The credit scheme is open to individuals, contractors, businesses, and diaspora customers funding construction projects in Nigeria. Approved applicants can access partial or full financing with flexible repayment terms of 30–45 days and interest rates starting as low as 5%.
“Before this scheme, securing funds for materials could take weeks and delay our timelines. Now, with Build Africa Credit, we get approvals within 24 hours and move straight to procurement. It’s streamlined our operations and helped us deliver faster,” said Tope Runsewe, CEO Dutum Construction.
Tayo Odunsi, CEO of Build Africa, added: “This is more than just a credit product, it’s a tool for empowerment. Builders across Nigeria deserve tools that match their ambition. With Oze, we’re making that possible.”
The Build Africa Credit Scheme is now live on BuildAfrica.store. Customers can apply by selecting the “Buy Now Pay Later” option at checkout and completing a secure digital form. Oze reviews applications and communicates decisions within 24 hours.
Visit Build Africa to learn more about the credit scheme.
To commemorate the launch, Build Africa and Oze will host a virtual webinar on October 29, 2025:
Topic: Financing Your Building Project: Credit Options for Nigerian Developers
RSVP: luma.com/user/buildafrica
The session will feature expert insights from Oze, a live demo of the Buy Now Pay Later feature, and an interactive Q&A.
