By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: ELRA, NCR Partner to Boost Leasing, Expand Access to Finance 
Share
Sign In
Notification Show More
Latest News
NEXIM bank secures Bbb+ rating, doubles profit in 2024 
Business Economy News
NLA hails First Lady for mobilising N20.7bn toward national library completion
Civil Service Civil Society Organisations Education Metro News
Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos
Metro Motoring News Transportation
LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law
Business Economy Metro News Transportation
Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion
Business Economy Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > ELRA, NCR Partner to Boost Leasing, Expand Access to Finance 
BusinessCivil ServiceEconomyInfrastructureMetroNews

ELRA, NCR Partner to Boost Leasing, Expand Access to Finance 

Publisher
By Publisher Published August 25, 2025
Share
3 Min Read
SHARE

 

The Equipment Leasing Registration Authority (ELRA) and the NATIONAL COLLATERAL REGISTRY (NCR) have entered into a strategic partnership to strengthen equipment leasing and expand access to finance through the registration of movable assets in Nigeria.

 

This is disclosed in a statement made available to newsmen in Abuja on Saturday by the Head, Media and Corporate Communication of ELRA, Brookslyn Adebola.

 

Adebola said the collaboration, formalised at a meeting between executives and technical experts from both institutions, seeks to promote secured transactions and build a more inclusive credit system for businesses across the country.

 

He quoted the Registrar/CEO of ELRA, Donald Wokoma, to have said that the leasing sector had shown resilience and growth, recording about ₦5.1 trillion in lease volume in 2024, with a projected 20 percent growth in 2025.

 

“This initiative is timely and essential for creating an enabling environment where leased equipment can serve as credible security for financing in Nigeria.

 

“With sustainable financing, lessors can expand operations and provide SMEs with the tools they need to grow.

 

“This aligns with the Renewed Hope Agenda on wealth creation and revenue generation,” he said.

 

Wokoma also called on the NCR to support sensitisation efforts and encourage stakeholders to register all lease transactions with ELRA.

 

Responding, the Registrar of the NCR, Xavier-Itam Okon, reaffirmed the registry’s commitment to promoting secured transactions in partnership with banks and finance companies.

 

Okon noted that reforms by the NCR have already attracted more foreign capital into Nigeria’s financial system.

 

“Our goal is to ensure that movable assets are fully recognised as bankable collateral. By working with ELRA, we are deepening financial inclusion and creating opportunities for entrepreneurs who would otherwise struggle to access credit,” Okon said.

 

Both organisations expressed confidence in the long-term benefits of the partnership, pledging to implement joint action plans that will enable lessors to access financing more easily.

 

According to the two institutions, the initiative will play a key role in empowering small and medium-sized enterprises (SMEs), creating jobs and driving economic growth nationwide.

Like this:

Like Loading...

Related

You Might Also Like

NEXIM bank secures Bbb+ rating, doubles profit in 2024 

NLA hails First Lady for mobilising N20.7bn toward national library completion

Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos

LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law

Abuja International Trade Fair: NDIC Marks Special Day,  Reinforces Commitment to Financial Stability, Inclusion

TAGGED: Equipment, Leasing

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher August 25, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article NMEC To Adopt Multilingual Education As Tool For Youth Empowerment 
Next Article FG unveils digital portal to enhance teachers’ registration, certification
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

NEXIM bank secures Bbb+ rating, doubles profit in 2024 
Business Economy News October 5, 2025
NLA hails First Lady for mobilising N20.7bn toward national library completion
Civil Service Civil Society Organisations Education Metro News October 5, 2025
Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos
Metro Motoring News Transportation October 3, 2025
LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law
Business Economy Metro News Transportation October 3, 2025

You Might also Like

BusinessEconomyNews

NEXIM bank secures Bbb+ rating, doubles profit in 2024 

October 5, 2025
Civil ServiceCivil Society OrganisationsEducationMetroNews

NLA hails First Lady for mobilising N20.7bn toward national library completion

October 5, 2025
MetroMotoringNewsTransportation

Spiro Nigeria Fuels Innovation as Official Sponsor of the E1 Grand Prix In Lagos

October 3, 2025
BusinessEconomyMetroNewsTransportation

LCCI Auto Symposium Beams Searchlight On Non-Passage Of NAIDP Into Law

October 3, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d