Equipment leasing has evolved into one of the most effective financing options available to businesses in Nigeria today. By offering access to critical equipment without the heavy upfront burden of ownership, leasing enables enterprises – whether large corporates, SMEs, or start-ups – to preserve cash flow, expand operations, and remain competitive in an increasingly dynamic market.
The passage of the Equipment Leasing Act 2015 marked a significant milestone, establishing a statutory framework to support this crucial sector. Yet, the real challenge for industry players lies not only in understanding the law but in applying it effectively to day-to-day business transactions. Legal clarity, sound documentation, risk management, and compliance with regulatory requirements are essential for building a leasing industry that is sustainable, profitable, and trusted.
This book, Legal Aspects of Equipment Leasing in Nigeria: A Practical Approach, offers precisely that. It is intended to enhance the understanding of the nuances of this critical aspect of leasing, promote professionalism and compliance, as well as the overall protection of the lease portfolio.
Essentially, it bridges the gap between law and practice by simplifying complex legal principles and presenting them in a way that is practical, clear, and relevant to business realities. It is not just a legal text; it is a business guide – one that equips lessors, lessees, financiers, lawyers, and policymakers with the tools to structure transactions, protect their interests, and unlock the full potential of leasing as a financing option.
The book brings together legal expertise and practical industry insight, making this work a valuable resource for professionals across the leasing value chain. Whether you are drafting agreements, negotiating terms, or seeking to understand your rights and obligations under the law, this book provides guidance that is both reliable and actionable.
I am confident that this work will contribute significantly to the growth and professionalisation of the Nigerian leasing industry. It is a timely and highly relevant text that deserves a place on the desk of every practitioner, investor, and stakeholder in the sector.
This book is a must-read for anyone who wishes to understand, navigate, and succeed in Nigeria’s evolving equipment leasing market.
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Legal Aspects of Equipment Leasing in Nigeria: A Practical Approach
