Restoring Dignity in Lending”: OgaCash CEO Andrew Archibong on Revolutionizing Nigeria’s Financial Landscape

Nigeria’s digital lending ecosystem has witnessed remarkable growth over the past few years, driven by rising demand for accessible financial solutions and an increasingly tech-savvy population. Yet, amid this expansion, concerns around customer experience, dignity, and ethical lending practices have remained persistent challenges.

With a commitment to delivering fast, convenient, and respectful loan services, OgaCash seeks to redefine the narrative around digital lending in Nigeria — restoring trust, protecting borrower dignity, and empowering small businesses and individuals alike. Andrew Archibong, Managing Director of OgaCash Nigeria Limited, speaks to Thisday about the inspiration behind the initiative, the innovations driving the platform, and his vision for the future of financial inclusion in Nigeria.

● Can you tell us about the inspiration behind the launch of OgaCash?

OgaCash is truly a child of necessity. After three years of extensive research and collaboration with technology providers, we were determined to solve a pressing problem, offering financial services without stripping people of their dignity. 

We leverage technology but maintain the human touch, ensuring we treat everyone with respect while providing vital financial support.

● What strategic partnerships support OgaCash’s operations?

We’ve built partnerships with three major credit bureaus and fintech companies that provide direct debit services and bank statement analysis. These collaborations allow us to automatically process payments and accurately assess borrower profiles. Partnering with industry leaders enables us to deliver a seamless and secure lending experience.

● What stands OgaCash out from competitors and other players within the ecosystem?

OgaCash stands for speed, ease, and convenience. With a smartphone or computer and internet access, users can obtain loans within five minutes. We also deeply care about helping small businesses grow and supporting individuals with urgent financial needs — all without any stigma attached to borrowing.

● As a thought leader, how do you view Nigeria’s financial services sector?

I’m highly impressed. Nigeria’s financial ecosystem has grown significantly, with innovations we couldn’t imagine a decade ago. The collaboration between regulators and entrepreneurs has been instrumental. There’s a real sense of optimism, and I believe the next three to five years will witness even more incredible growth.