How Build Africa and Oze Are Powering Nigerian Builders with ₦2 Billion in Credit

In Nigeria, the dream of building a home or completing a construction project is often derailed, not by a lack of ambition or vision, but by a more practical challenge: access to timely and affordable financing.

Every year, thousands of projects stall because builders, contractors, and even diaspora funders face delays in securing funds for materials. Traditional lenders often overlook these builders, citing high risk or lack of collateral. The result? Missed deadlines, rising costs, and abandoned dreams.

But what if there was a better way?

Introducing the Build Africa Credit Scheme (BACS)

In a bold move to address this challenge, Build Africa, Nigeria’s leading digital marketplace for building materials, has partnered with Oze, a fintech platform known for empowering small businesses across Africa, to launch the Build Africa Credit Scheme (BACS), a Buy Now, Pay Later (BNPL) solution tailored for the construction industry.

With ₦2 billion in annual credit now available, BACS is designed to empower builders, contractors, developers, and diaspora funders with fast, flexible access to credit for building materials, no collateral required.

“This isn’t just a credit product, it’s a tool for empowerment. Builders across Africa deserve tools that match their ambition. With Oze, we’re making that possible.” — Tayo Odunsi, CEO, Build Africa

Why BACS is a Game-Changer

Imagine this: You’ve secured land, assembled your team, and finalized your building plans. But your project grinds to a halt because you’re waiting on funds to purchase cement, blocks to kick start the project.

With BACS, that wait is over.

Here’s how it works:

• Step 1: Shop on BuildAfrica.store: Choose your building materials and proceed to checkout.
• Step 2: At checkout, choose “Pay with BACS”: Fill out a short digital application form.
• Step 3: Get Approved in 24 Hours: Oze reviews your application and shares your loan offer.
• Step 4: Complete your Order & Receive Materials: Once your loan is approved, you’ll receive an email to complete your order and get your materials delivered.

Key Benefits:

• Quick 5-minute application
• Fast 24-Hour Loan Approval – Say goodbye to long bank queues and delays.
• No Collateral Required – Your financial profile is assessed digitally.
• Flexible Repayment Terms (30–45 Days) – With interest rates starting as low as 5%.
• 100% Digital Process – Apply from anywhere, anytime.
• Trusted Partners – Backed by Build Africa’s reliable supply chain and Oze’s proven lending model.

“We’re excited to power this initiative with Build Africa. Our goal is to make credit accessible to builders who are often overlooked by traditional lenders.” — Meghan McCormick, Co-founder, Oze

Who is BACS For?

Whether you’re:

• A contractor managing multiple sites,
• A homeowner building your dream house,
• A business sourcing materials for a project, or
• A diaspora Nigerian funding construction back home,

BACS is built for you, and all you need to apply is a valid ID and a bank statement.

Real Impact, Real Stories

“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.” Tope Runsewe, CEO Dutum Construction.

Join the Launch Webinar

To celebrate the launch of BACS, Build Africa, and Oze are hosting a virtual webinar:

Topic: Financing Your Building Project: Credit Options for Nigerian Developers Date: October 29, 2025 RSVP: luma.com/@buildafrica

What to Expect:

• Expert insights on Credit Readiness from Oze
• A live demo of the BNPL feature
• Interactive Q&A with builders and developers