For the tenth time in a row, the Nigerian Leasing Industry buoyed its growth and continued to remain a major contributor to national economic development, while demonstrating its innovation and flexibility in the face of economic turbulence.
The leasing industry recorded a remarkable growth of 13.5 percent in 2019, with outstanding lease volume at N1.91trillion as against N1.68trillion in 2018. This growth can be attributed to:the relative stability in the macroeconomic environment, increasing demand for leasing services – necessitated by the rising cost of assets;stimulation of domestic production; new entrants into the leasing industry and enhanced awareness on the ideals of leasing as a unique financing instrument.
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