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 as well as creating a veritable platform to further enhance corporate visibility and get partners more connected to their target market.
The theme for this year’s conference is “Regulatory Environment for Equipment Leasing: Role and Impact Analysis, and shall be held on Thursday, 24th November, 2022 at Sheraton Hotel Lagos. Participation shall be drawn from both the public and organised private sectors, with renowned experts, leading discussing pertinent topics.
Globally, equipment leasing’s attraction is embedded in its developmental attributes. Leasing is unique as it facilitates easy and convenient access to desired equipment needed for productive purposes, contributing to capital formation in the economy. Leasing reaches out and meet the diverse equipment needs of various categories of customers, be it large corporate organisations or small venture owners, providing them with affordable and quality services tailored to their needs. The overall essence of leasing is to enhance the planning, improvement and development of any economy by building and supporting productive ventures”.
In Nigeria, leasing has been making remarkable contributions to economic development across all sectors of the economy including oil/gas, agriculture, transportation/logistics, healthcare etc. Outstanding leases as at 2021 stood at N2.58trillion and over the last 10 years N14.3trillion.
Leasing has numerous advantages including conservation of working capital, requires no capital outlay, ordinarily does not require collateral, easy and convenient acquisition of assets etc.