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The World Bank estimates that over 91 million Nigerians are poor. This figure indicates that almost half of our people are living in extreme poverty. Again, this means that most Nigerians cannot acquire certain items due to their low purchasing power.

Our country’s economy and the rising cost of living are further moving many Nigerians down the socio-economic ladder. At this point, it will be prudent to say that Nigeria’s middle class is the new lower class, in terms of income and purchasing power.

Many Nigerians are increasingly finding it difficult to meet their needs. It is such that people often have to spend a significant part of their income, if not all, to purchase things.

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To this end, several platforms that enable people to buy and pay for items in instalments have sprung up. They aim to aid people’s purchasing power and alleviate their financial burden. These credit solutions platforms give Nigerians the option to purchase certain products and spread payment across a specified period. However, they require a valid identification card (voters card, international passport, or driver’s license), and a bank statement or bank verification number. Ultimately, this assures the platforms that their money is safe and can be recouped. So if you are planning to buy something but can’t spend all your salary, here are a few platforms you can check.


Easybuy platform is mostly for purchasing mobile devices and is operated by Palmcredit, a consumer loan app. Via this platform, customers can purchase mobile phones and other devices on credit and pay back in instalments. Note that customers must deposit 30 percent price of the device they intend to purchase. Lastly, Easybuy’s loans span over three to six months.

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This is a marketplace where Nigerians can buy gadgets and household appliances and pay in instalments. Founded in 2020 by Oluwatobi Odukoya and Ayodeji Farohun, Cdcare operates a flexible instalment payment scheme that appeals to a lot of people because they charge zero percent interest.

Once a customer pays a 50 percent instalment towards buying an item, it will be delivered before full payment. In addition, there is a ‘Request a product’ feature that allows users to ask for a product to be provided on Cdcare if it is not listed. Lastly, the payment process is seamless, secure, and powered by Flutterwave.

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Founded by Fehintolu Olaogun and Olorunfemi Jegede in 2018. It provides seamless credit access for businesses and individuals across Africa. On the platform, consumers can buy anything across different online and offline merchants and pay for it in instalments. Credpal provides its users with a CredPal credit card. These Visa cards serve users at POS channels and ATM points, making it convenient to access consumer credit.


Parktel is a mobile phone company that distributes mobile phones and mobile devices of different brands and models in Nigeria and within West Africa. In addition, it provides customers with easy repayment plans. Presently, their ‘Buy now pay later’ plan is only available in Abuja and Lagos. Their easy payment plan works for only products that are worth N50,000 or more. However, only customers with a working salary account within Lagos and Abuja are eligible for this offer.

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This article was first published on 23rd May 2022


I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.

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