Category: Latest News

  As part of efforts to promote the business of leasing in Nigeria, the Equipment Leasing Association of Nigeria Ltd/Gte (ELAN) has concluded plans to hold the 20th National Lease Conference. This event is the biggest gathering of stakeholders in the Nigerian leasing industry and a major platform for the discussion of issues pertinent to the development of leasing in Nigeria and the economy at large. Also, it would offer business networking opportunities, lease value propositions and market dynamics…

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The Equipment Leasing Association of Nigeria Ltd/Gte, recently held the 27th Annual General Meeting on Thursday, 8th September, 2022 at 11.00am. The highlight of the meeting was the election of new board: * Ehigiamusoe Elizabeth Ngozi (Mrs) – Micro  Investment Support Services Ltd – Chairman * Tunde Netufo, MD/CEO Frontline Trust Limited – Vice Chairman * Adegboyega Adegun, General Manager, Corporate Banking Group, Sterling Bank Plc * Christian Chigbundu, MD/CEO Coscharis Mobility Ltd * Ugoji Lenin Ugoji – MD/CEO C&I Leasing Plc * Ikenna Okafor, MD/CEO Keves Global Leasing Ltd * Adenike Ibirogba, MD/CEO Nikky Taurus Nigeria Ltd * Taiye Emagha, MD/CEO Lecon Financial Services Limited * Nnamdi Nwankwo, MD/CEO Aquila Leasing Ltd

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Distinguished Members,   I am pleased to welcome you to the 27th Annual General Meeting of our Association and present to you the Financial Statements and Report for the year ended 31st December 2021.   THE ECONOMY in 2021, the global economy recovered noticeably from the prior year’s economic downturn, driven by comprehensive stimulus programmes in major economies; progress in global vaccination campaigns; and a significant pick-up in global consumer sentiment after the lock-downs.  However, the global economy continued to face maximum headwinds – over…

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Welcome on board ELAN to membership community.

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  Background   Indeed, the global pandemic has not only claimed over 5.8 million lives globally as at 15th of February 2022, but also with associated unprecedented economic crisis. The lock down of over two – third of the world economy stretched the global economy to near total collapse, to the extent that many businesses were pushed into liquidation and countries into forced recession, leaving lasting scars through lower investments, erosion of human capital occasioned by job losses, as…

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We are pleased to invite you to a 4 – day enhanced training programme on MASTERING EQUIPMENT LEASING PRINCIPLES AND PRACTICE   The programme is designed to enhance professional development of lease practitioners in consonance with international best practices – equipping participants with contemporary information that will facilitate improved knowledge and skills for result oriented leasing practice in today’s environment. Participants will be endowed with a comprehensive lease education in major aspects of leasing practice that engender quality business…

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  We celebrate you today, as this month marks another anniversary of joining the Association and for your invaluable contributions to the development of the Nigerian Leasing Industry and the economy. We wish you more giant strides in years ahead.    

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The Nigerian Leasing Industry recorded 1.6% growth in Q1 2022. Available statistics show that outstanding lease volume as at Q1 2022 stood at N2.629trillion as against N2.587trillion in Q4 2021. The oil and gas sector grew by 22% with N748bn of the outstanding leases; followed by Transportation & Logistics sector which grew by 21% recording N622bn; Manufacturing 12% – N380bn; Telecoms taking 11% of the total volume arriving at N237bn. Others (including Healthcare and Education accounted for N300bn (14%),…

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  WELCOME ADDRESS BY DR. OLUTOYIN OKEOWO, CHAIRMAN, BOARD OF DIRECTORS, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN), AT THE  6TH FLEET MANAGEMENT CONFERENCE HELD ON WEDNESDAY,  27th APRIL 2022, AT LCCI TRAINING CENTER, CENTRAL BUSINESS DISTRICT, IKEJA LAGOS     Esteemed Guest Speaker and Panelists Distinguished Guests Directors of ELAN Distinguished Participants Ladies and Gentlemen,   It gives me great pleasure to welcome you, on behalf of the Equipment Leasing Association of Nigeria (ELAN), to the 6th Fleet Management Conference organised…

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