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Leasing contributed N16.3 trillion to Nigerian Economy in 10 years (page 10)

September 15, 2023
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About ELAN

Equipment Leasing Association of Nigeria Ltd/GTE (ELAN) is a Business Membership Organisation (BMO), established in 1983, primarily to promote the business of leasing in Nigeria. Membership of the Association consists banks, finance houses, independent leasing companies, insurance companies, equipment vendors as well as professional firms and individuals.

Over the years, ELAN has been promoting economic and developmental growth through leasing, working with government and development partners, to provide the much-needed integral support for national economic growth.

Advocacy

Over the years, ELAN has been engaging relevant stakeholders, especially Government, to ensure a favourable operating environment for the practice of leasing business in Nigeria. One of the positive outcomes is the enactment of the Equipment Leasing Act 2015.
Essentially, ELAN’s advocacy areas include:
• Appropriate funding mechanism for the industry.
• Favourable tax regime
• Implementation of the Equipment Leasing Act 2015.

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