In a strategic move to boost the real estate and construction sector in Nigeria, Build Africa has partnered with Oze, a leading fintech platform, to launch a groundbreaking ₦2 billion credit scheme targeted at property builders and developers across the country. This initiative is expected to ease access to finance for small- and medium-sized property developers, who often struggle with funding limitations despite growing demand for housing and infrastructure.
Announced earlier this week, the partnership aims to close the credit gap in Nigeria’s property market by leveraging Oze’s digital lending platform and Build Africa’s deep-rooted presence in the real estate development space. The scheme will offer flexible, low-interest loans to qualifying developers, enabling them to scale up operations, complete ongoing projects, and kick-start new developments in both urban and semi-urban areas.
According to Build Africa’s CEO, Chinedu Okeke, the initiative was born out of a growing need to support the mid-tier segment of the property development industry. “Many capable builders are unable to access funding from traditional banks due to stringent requirements. Through this partnership with Oze, we are creating a lifeline for these entrepreneurs, empowering them to deliver affordable housing and contribute to economic growth,” Okeke said.
Oze, known for its commitment to improving access to finance for African SMEs, will provide the digital infrastructure and credit assessment tools necessary to ensure transparency, accountability, and ease of access. The fintech company will also offer business training and mentorship to help borrowers manage their finances and improve business outcomes.
Speaking on the partnership, Oze’s Co-Founder and COO, Dave Emnett, noted, “We are excited to collaborate with Build Africa to bring inclusive financial solutions to Nigerian builders. By combining our data-driven credit model with Build Africa’s on-ground insights, we can unlock real value for local developers.”
The ₦2 billion fund is expected to serve hundreds of developers within the first year, with the potential for expansion based on impact and demand. Applications for the credit scheme will open later this month via the Oze app and Build Africa’s partner network.
This development marks a significant step towards strengthening Nigeria’s housing sector, creating jobs, and increasing access to affordable homes nationwide.
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