Blog

                (L – R): Andrew Emonuwa, Executive Secretary ELAN; Stewart Pirnie, Finance Consultant; Hadija Kamayo, Senior Finance Specialist, World Bank; Ebehiriere Ehi-Omoike (Mrs), Director ELAN/Managing Director/CEO Lecon Finance Company Limited; Ifeyinwa Chibuogwu, Lead, Business Development/Corporate Services ELAN; Ibrahim Ahmed, EFI Support, World Bank during their visit to ELAN on Thursday 24th October  2024, to discuss the role of leasing in the Bank’s access to finance initiative, especially to MSMEs.

Read More

                    This edition focuses on the vital role equipment leasing plays in promoting entrepreneurship in Nigeria, which is crucial for job creation, economic growth, and youth empowerment. However, numerous challenges especially to Small and Medium Scale Enterprises (MSMEs) have continued to limit their effective contribution to the nation’s development, over the years, which include insufficient business knowledge, limited access to funding, poor infrastructure, multiple taxation, inconsistent government policies, access to…

Read More

  We are pleased to invite you to the 22nd National Lease Conference. This event is the biggest gathering of stakeholders in the Nigerian Leasing Industry, which has become a major platform for the discussion of pertinent issues affecting the development of the leasing industry and the economy at large. This year’s conference with the theme: Equipment Leasing – The Creative Financing Alternative in Today’s Reality, is intended to highlight the developmental attributes and imperatives of equipment leasing to…

Read More

In furtherance of our objectives of spreading the essence of leasing in Nigeria, Equipment Leasing Association of Nigeria (ELAN) has successfully concluded its first internship programme. The programme is intended to build the capacity of undergraduates in equipment leasing, creates a career path, and provide a pool of professionals to bridge the capacity gap in the industry. The 2 month programme  was rounded off with presentation of certificates to 17 interns from three universities, at the ELAN Secretariat.In her…

Read More

ELAN made a courtesy visit to Polaris Bank Limited and Heritage Bank Plc today, as part of efforts to engage stakeholders for the development of the leasing industry. The team was led by Tunde Netufo, Vice Chairman, Board of Directors, supported by two Directors, Nnamdi Nwankwo, Adegboyega Adegun and ELAN management. The visit among other things, accorded us the opportunity to brief the Banks on the activities of the Association, current developments in the leasing industry and solicit support…

Read More

                      The Nigerian leasing industry continued to sustain its growth trajectory, notwithstanding the prevailing headwinds in the economy. Outstanding leases stood at N4.19 trillion as against N3.25 trillion in 2022, representing a 28.7 percent increase, while new leases peaked at N935.6 billion against N672 billion in 2022, recording a remarkable 39.2 percent growth. Leasing contribution to the economy over the last decade is estimated at N20.4 trillion. For full…

Read More