Nigeria’s Buy Now, Pay Later (BNPL) market is experiencing rapid expansion, projected to grow from $1.42 billion in 2024 to nearly $4 billion by 2031. Driven largely by young, tech-savvy consumers purchasing smartphones, the sector offers accessibility but faces growing concerns over consumer debt sustainability. Industry data indicates that 42 percent of users have missed at least one payment, while limited visibility of obligations across different platforms creates risks of overlapping debt. To address these challenges, regulators and credit bureaus are increasingly integrating BNPL data into broader credit histories to promote responsible lending and borrower oversight.