The Chairman, Board of Directors of the Equipment Leasing Association of Nigeria and CEO, Micro Investment Support Services Limited, Mrs Elizabeth Ehigiamusoe, speaks with FELIX OLOYEDE on the state of leasing in Nigeria
The Chairman, Board of Directors of the Equipment Leasing Association of Nigeria and CEO, Micro Investment Support Services Limited, Mrs Elizabeth Ehigiamusoe, speaks withdid the Nigerian leasing sector fare last year?
Since the inception of modern leasing in Nigeria in the 1960s, it has been supporting economic development. Today, the impact of leasing is pronounced in all sectors of the economy, enhancing capital formation, generating employment and creating wealth. The contribution of leasing in the past 10 years is over N14.3tn and is becoming more relevant in our prevailing situation where access to finance is difficult, especially for Small and Medium Scale Enterprises .
Also, the absence of an appropriate funding mechanism continues to constrain the depth of leasing in the marketplace. The limited sources and high cost of funds have constrained the capacity of most lessors to expand their product offering and even venture into more specialised and capital-intensive sectors like health care, mining and infrastructure. The issue is constrained further by the depreciation of the naira and the consequential increase in the cost of assets.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ugochinyere only seeking attention, says Imo govt | The Guardian Nigeria News - Nigeria and World NewsImo State government, yesterday, declared that the self-acclaimed spokesman of Conference of United Political Parties (CUPP), Ikenga Ugochinyere, has, once more, shot himself in the foot during a media briefing in Abuja, on Wednesday, by lying and confirming that he is unfit to occupy public office, particularly, representing Ideato Federal Constituency in the National Assembly.
Read more »
Pentagon tracking Chinese spy balloon over US | The Guardian Nigeria News - Nigeria and World NewsThe Pentagon said Thursday it was tracking a Chinese spy balloon flying high over the United States, just days ahead of a rare visit to Beijing by the top US diplomat.
Read more »
Gates Foundation partners Rotary on health | The Guardian Nigeria News - Nigeria and World NewsBill & Melinda Gates Foundation, in partnership with Rotary International, has organised the second leg of Rotary Family Health Days (RFHA) for the Rotary year to cover the 36 states and Federal Capital Territory, Abuja from February 2 to 4, 2023.
Read more »
Qatar bans insect food after EU expands menu | The Guardian Nigeria News - Nigeria and World NewsQatar has reaffirmed a religious ban on consuming insects in a move that comes after the European Union added new products to its list of approved foods. Insect products do not meet “the requirements of halal food technical regulations”, Qatar’s health ministry said in a statement late Thursday. Gulf Cooperation Council regulations “and the religious […]
Read more »
Osinbajo inaugurates Sokoto-based academy for females | The Guardian Nigeria News - Nigeria and World NewsThe education of young girls should not just be a top priority, Nigerian children must also be taught the highest standards of honesty, piety, and hard work, to build a healthier, happier and more prosperous society.
Read more »
Russia to 'nationalise' Ukraine assets in annexed Crimea | The Guardian Nigeria News - Nigeria and World NewsRussia on Friday said it will nationalise “foreign” assets in annexed Crimea — including those with Ukraine-linked ownership — and funnel some of the funds to support people fighting in Ukraine. “Deputies of the State Council of the Republic of Crimea adopted a resolution on the nationalisation of property of foreign citizens and states that […]
Read more »