As this month marks another anniversary of joining the Association and for your invaluable contribution to the development of the Nigerian leasing industry and the economy. We wish you more giant strides in years ahead
We are pleased to invite you to a 4 day intensive and interactive programme. Leasing as a creative alternative financing alternative, has grown over the years in an amazing dimension into a formidable industry and major product line in the nation’s financial sector. As the industry continues to grow so also is the sophistication of leases, and this makes it imperative for lessors to continually re-examine and re-define their business strategies to succeed and be ahead of competitors. The…
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. For full…
The Equipment Leasing Registration Authority (ELRA) portal is open for registration of lessors. Take this opportunity as this further creates visibility for your organisation as recognised lessor and in furtherance of gaining the benefits provided by the Equipment Leasing Act 2015. Kindly click here to register. ABOUT ELRA The Equipment Leasing Registration Authority (ELRA) is a public private partnership arrangement, set up by the Equipment Leasing Act 2015, to enhance its developmental objective. The functions of the Authority include:…
The focus of this edition is “EQUIPMENT LEASING: THE CREATIVE FINANCING ALTERNATIVE IN TODAY’S REALITY” Kindly click below to download:
https://youtube.com/shorts/mwHglakaxK4 We are excited to announce our digital online training programme! Our first course, Mastering Lease Administration: Navigating the Leasing Lifecycle for Business Growth, is now live. Register now and discover new opportunities. Kindly click here.
In furtherance of its objective of promoting the business of leasing in Nigeria, ELAN in conjunction with Lagos Multi-Door Court Hoise (LMDC), the first court connected ADR centre in Africa, recently held a sensitisation forum on alternative dispute resolution mechanism. The programme was held on Tuesday, 11th February 2025 to facilitate knowledge of ADR, promote and adopt it to enhance the speedy resolution of disputes in lease transactions. In the presentation,…
In pursuit of its primary objective of promoting the business of leasing in Nigeria, ELAN held executive business forum on 30th January. The forum with the theme: 2025 Economic Outlook and Impact Analysis for the Leasing Industry, considered the key influencers for 2025 and how members can develop sustainable strategies to wade through the challenges and tap into opportunities they present, to sustain and grow their businesses. The lead presentation was made…
In 2025, the Nigerian economy is predicted to remain underwhelming though it is expected to witness stability without major distortions as in the previous 18 months. The impacting macroeconomic and industry-specific variables will shape the performance of the leasing industry. While the challenges are obvious and not likely to significantly abate in the next 12 months, one thing that is certain is that the leasing industry will maintain its sustained resilience amid…
(L – R): Olubusola Ojo (Mrs), Registrar, LMDC; Ifeyinwa Chibuogwu (Mrs), Lead, Business Development and Corporate Services ELAN; Ehigiamusoe Elizabeth Ngozi (Mrs), Chairman Board of Directors ELAN; Achere Cole (Mrs), Executive Director, LMDC; Andrew Emonuwa, Executive Secretary ELAN and Olayemi Eniolawun (Mrs), Head, Research/Publications ELAN during the visit to Lagos Multi-Door Court House (LMDC) on Tuesday, 17th December, 2024, to explore alternative dispute resolution (ADR) mechanisms, and collaborate with the organisation, to enhance the speedy…