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The Equipment Leasing Association of Nigeria Ltd/Gte, recently held the 27th Annual General Meeting on Thursday, 8th September, 2022 at 11.00am. The highlight of the meeting was the election of new board: * Ehigiamusoe Elizabeth Ngozi (Mrs) – Micro  Investment Support Services Ltd – Chairman * Tunde Netufo, MD/CEO Frontline Trust Limited – Vice Chairman * Adegboyega Adegun, General Manager, Corporate Banking Group, Sterling Bank Plc * Christian Chigbundu, MD/CEO Coscharis Mobility Ltd * Ugoji Lenin Ugoji – MD/CEO C&I Leasing Plc * Ikenna Okafor, MD/CEO Keves Global Leasing Ltd * Adenike Ibirogba, MD/CEO Nikky Taurus Nigeria Ltd * Taiye Emagha, MD/CEO Lecon Financial Services Limited * Nnamdi Nwankwo, MD/CEO Aquila Leasing Ltd

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Distinguished Members,   I am pleased to welcome you to the 27th Annual General Meeting of our Association and present to you the Financial Statements and Report for the year ended 31st December 2021.   THE ECONOMY in 2021, the global economy recovered noticeably from the prior year’s economic downturn, driven by comprehensive stimulus programmes in major economies; progress in global vaccination campaigns; and a significant pick-up in global consumer sentiment after the lock-downs.  However, the global economy continued to face maximum headwinds – over…

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Welcome on board ELAN to membership community.

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  Background   Indeed, the global pandemic has not only claimed over 5.8 million lives globally as at 15th of February 2022, but also with associated unprecedented economic crisis. The lock down of over two – third of the world economy stretched the global economy to near total collapse, to the extent that many businesses were pushed into liquidation and countries into forced recession, leaving lasting scars through lower investments, erosion of human capital occasioned by job losses, as…

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The Nigerian Leasing Industry recorded 1.6% growth in Q1 2022. Available statistics show that outstanding lease volume as at Q1 2022 stood at N2.629trillion as against N2.587trillion in Q4 2021. The oil and gas sector grew by 22% with N748bn of the outstanding leases; followed by Transportation & Logistics sector which grew by 21% recording N622bn; Manufacturing 12% – N380bn; Telecoms taking 11% of the total volume arriving at N237bn. Others (including Healthcare and Education accounted for N300bn (14%),…

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  WELCOME ADDRESS BY DR. OLUTOYIN OKEOWO, CHAIRMAN, BOARD OF DIRECTORS, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN), AT THE  6TH FLEET MANAGEMENT CONFERENCE HELD ON WEDNESDAY,  27th APRIL 2022, AT LCCI TRAINING CENTER, CENTRAL BUSINESS DISTRICT, IKEJA LAGOS     Esteemed Guest Speaker and Panelists Distinguished Guests Directors of ELAN Distinguished Participants Ladies and Gentlemen,   It gives me great pleasure to welcome you, on behalf of the Equipment Leasing Association of Nigeria (ELAN), to the 6th Fleet Management Conference organised…

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The Covid -19 pandemic has dealt a devastating blow on the global socio-economic environment and continues to impact developments across the world. The leasing industry is not insulated from this impact…… For further details click:  

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For over a decade, Nigerian Leasing Industry has consecutively and consistently recorded growth in business transactions. The industry has further displayed its resilience and ability to support economic investment and development, either in times of boom or challenges. After recording a sharp decline in growth from 14.5% in 2019 to 4.3% in 2020, (the year of high prevalence of the covid 19 pandemic), the industry recovered with a 28.65% growth in 2021.  

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The Equipment Leasing Association of Nigeria Ltd/Gte (ELAN), is pleased to inform you about our Chairman’s Dinner/Award Night. The programme is intended to appreciate and celebrate the laudable supports of stakeholders and contributions to the development of the leasing industry and the economy. The awardees and expected guests cut across the public and private sectors, including lease practitioners, high net worth professionals, organisations and entrepreneurs from the business community, Government and development partners.   ELAN’s enviable stride over the…

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  In order to be a successful mentor in the leasing industry, you must have a clear understanding of the leasing process and be able to communicate this process to others. You must also be able to provide valuable leasing advice and be willing to help others in their leasing endeavours.   The leasing process can be complex, and there are a few things to consider when leasing a property. As a mentor, it is important that you can…

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