The Equipment Leasing Registration Authority (ELRA) and the National Collateral Registry (NCR) have entered into a strategic partnership aimed at strengthening equipment leasing and expanding access to finance in Nigeria. This collaboration focuses on the registration of movable assets, allowing leased equipment to serve as credible collateral, particularly for small and medium-sized enterprises (SMEs) that often face challenges in securing traditional financing.
As the regulatory body responsible for overseeing equipment leasing registration, ELRA plays a vital role in promoting transparency and best practices in the leasing industry. By aligning with the NCR a Central Bank of Nigeria initiative that facilitates asset-based lending this partnership is set to enhance lender confidence, increase access to credit, and support the growth of Nigeria’s real economy through more inclusive financial solutions.
Recent Posts
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ELRA AND BPP SET UP COMMITTEE TO ENFORCE LEASING COMPLIANCE IN NIGERIA! -
ELRA and NCR Form Strategic Partnership to Advance Equipment Leasing and Access to Finance in Nigeria -
Photos of Meeting Between CIS & ELRA’s -
ELRA CEO Donald Wokoma Engages with NALDA Executive Secretary Cornelius Adebayo on Strategic Partnership. -
Equipment leasing plays a vital role in asset-based financing, offering access to essential assets with lower upfront costs.
