Nigerian consumers can now pay old prices in future despite increases in price, so long as they locked in the price at a time in the past.
This is now possible because of a new App called Osusu rolled out by Pack’n’Pay group which enables customers to pay in installments at the old price.
The platform has just been unveiled to help Nigerians beat rising food prices with what the group calls a flexible ‘pay small, small’ system.
According to Andrew Otike-Odibi, Managing Director of Pack’n’Pay, the new platform, Osusu, is about building on the success of Pack’n’Pay scheme.
For Otike-Odibi, many Nigerians face the battle against inflation when shopping for household essentials. This is because prices of staples like rice, milk, breakfast items, vegetable oil, and frozen foods continue to rise unpredictably, forcing families to make tough choices at the market.
“In response to this growing challenge, Osusu, a new digital platform powered by Pack’n’Pay, is stepping in to offer a smarter way to shop—one that allows Nigerians to lock in today’s prices and pay small, small over time.”
At the unveiling nationwide, the CEO said Osusu builds on the success of Pack’n’Pay, saying it is one of Nigeria’s fastest-growing e-commerce and payment platforms. He said it has already disrupted the retail sector with its technology-driven commerce solutions. “Now, with Osusu, the company is extending its reach to cater to budget-conscious consumers who need structured, flexible payment plans to afford daily necessities without financial strain.”
Otike-Odibi said the need for Osusu could not be more urgent. “Every Nigerian shopper knows the frustration of watching food prices double in a matter of months. We created Osusu to help households fight back against inflation by locking in prices before they rise. With our ‘Pay Small-Small’ model, families can now plan their expenses without worrying about sudden price hikes”.
He explained the way it works: “Instead of making bulk payments upfront, shoppers can secure today’s prices for essential items and spread their payments over time. Whether it’s bags of rice, cartons of noodles, cooking oil, or even household items, customers can gradually pay off their purchases in daily, weekly, or monthly instalments. Once fully paid, their goods are either delivered or made available for pick-up at designated locations.
“By integrating with banking and digital payment systems, Osusu ensures seamless transactions via bank transfers, USSD, and card payments. The platform available in IOS and Android Apps is also partnering with leading financial institutions and retailers to provide exclusive cashback offers and discounts, making everyday shopping even more affordable.”
For millions of Nigerians navigating an uncertain economy, Osusu is said to represent more than just a new way to shop; “It is a financial lifeline that brings peace of mind and stability to households across the country.”
The CEO said a dispute resolution mechanism is built into the scheme while provisions have been made for situations such as the inability to keep payment times to the end, and sharp drop in prices.
He said the App is available on Google Play Store and Apple Store.
