The Nigerian leasing industry continues to thrive in the face of challenges, including a background of global economic uncertainties, geopolitical tensions, the aftermath of the COVID-19 pandemic, and increasing domestic macroeconomic vulnerability. In 2024, the industry recorded a growth of 23.2 %, with outstanding leases of N5.16 trillion as against N4.19 trillion in 2023, while new leases peaked at N973.3 billion. Leasing volume contribution to the Nigerian economy over the last decade is estimated at N24.6 trillion.
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