LEASE DOCUMENTATION AND COMPLIANCE CONSIDERATIONS, 24TH – 25TH OCTOBER, 2025

We are pleased to invite you to a 2 day programme on LEASE DOCUMENTATION AND COMPLIANCE CONSIDERATIONS.       The programme is intended to enhance understanding of the legal aspect of leasing and implications of Equipment Leasing Act 2015, considering key documentation and compliance issues for the overall protection of the lease portfolio.       OUTLINES       – Overview of the Equipment Leasing Act       – Different definitions of leasing: Legal, Tax, Accounting  …

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CHAIRMAN WELCOME ADDRESS AT 30TH AGM

Distinguished Members,   It is my privilege to welcome you to our Association’s 30th Annual General Meeting and present the Financial Statements and Report for the year ended 31st December 2024. The Macroeconomic Environment The global economy demonstrated remarkable resilience in the past few years despite being subject to major shocks such as the pandemic and an energy crisis. In 2024, global growth remained stable, while inflation continued to decline. According to the World Bank, global GDP inched from…

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THE NIGERIAN LEASING INDUSTRY SUSTAINED RESILIENCE AMIDST CONTINUED CHALLENGES – RECORDS 23.2 % GROWTH IN 2024

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…

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ELRA PORTAL IS OPEN!!!

  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:…

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