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  COMMUNIQUE ISSUED AT THE 18TH NATIONAL LEASE CONFERENCE ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN), HELD VIRTUALLY ON THURSDAY, 19TH NOVEMBER, 2020 1.0       BACKGROUND The 18th National Lease Conference “ADAPTING TO THE NEW WORLD ORDER IN COVID 19 ECONOMY: THE LEASING INITIATIVE, organised by the Equipment Leasing Association of Nigeria (ELAN), was held virtually on Thursday, 19th November 2020. The event was essentially aimed at promoting the ideals of leasing in Nigeria and cross fertilisation…

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The Special Guests of Honour, Otunba Richard Adeniyi Adebayo, CON, Honourable Minister of Industry, Trade and Investment and Arc. Olamilekan Adegbite, Honourable Minister of Mines and Steel Development.   Esteemed Guest Speakers and Panellists Distinguished Special Guests Directors of ELAN Past Chairmen and other past Directors of ELAN Members of ELAN Gentlemen of the Press Ladies and Gentlemen,   It is a great pleasure to welcome you, on behalf of the Equipment Leasing Association of Nigeria (ELAN), to the…

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                        As part of efforts to entrench the value proposition of leasing to national economy, Equipment Leasing Association of Nigeria (ELAN) is organising the 18th National Lease Conference. The conference is the biggest gathering of stakeholders in the leasing industry and a platform for brainstorming on issues pertinent to the development of leasing in Nigeria and the economy at large. The theme for this year’s conference is “Adapting…

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Arc. Olamilekan Adegbite, Hon. Minister for Mines and Steel Development (2nd from Right) flanked by Dr. Olutoyin Okeowo, Chairman ELAN and Hajia Fatima Shinkafi, Executive Director, Solid Minerals Development Fund (SMDF) with Andrew Emonuwa, Executive Secretary ELAN during a working visit to the Ministry of Mines and Steel Development in Abuja, on exploring opportunities for the Leasing industry in the sector.

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Distinguished Members, I am pleased to welcome you to the 25th Annual General Meeting of our Association and present to you the Financial Statements and Reports for the year ended 31st December 2019. Macroeconomic Environment The global Gross Domestic Product (GDP) growth fell to 2.6% in 2019- its lowest rate since the financial crisis. This reflected the broad-based weakness observed during the first half of the year, including a further deceleration in investment amid rising trade tension between United…

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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…

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COMMUNIQUE ISSUED AT THE VIRTUAL FORUM “THE NIGERIAN LEASING INDUSTRY IN THE NEW NORMAL” ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) HELD ON FRIDAY, 29TH MAY, 2020. 1.0 BACKGROUND The Equipment Leasing Association of Nigeria (ELAN) organised a virtual forum with the theme “The Nigerian Leasing Industry in the New Normal for its members on Friday, 29th May, 2020. The event was among other things, aimed at initiating the leasing industry’s response to the impact of the…

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The devastating effect on lives and global economy by Covid 19 is no longer news. Global economies are now in a similar state as their public health services – on emergency. While cure is being sought for the scourge, countries across the world including Nigeria are putting palliatives in place to cushion the shocks aimed at keeping the economy from total collapse. While it is hard to accurately capture the impact, due to the uncertainties, such as how long the…

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