Authentic leasing  practitioners under the  umbrella of Equipment  Leasing Association of Nigeria (ELAN) have  released the 2013 training  calendar  with  emphasis  on the  enhancement  of human  capacity in the industry  to ensure  that the business is professionally  done  according to internationally recognized  standard.

The Federal Government  has been urged  to make  leasing  companies part of windows  for the  disbursement  of various  sector intervention funds in  order to make  the leasing  industry  contribute  significantly  to the  economic  development  of  Nigeria
 Mr Andrew Efurhievwe, executive  Secretary of Equipment Leasing Assoication of Nigeria  (ELAN) who made this call in an interview  in lagos noted that reliance  on Deposit Money Banks  (DMBs) for the  funding of Leasing transaction has not helped  the industry.

L-R: Mr. Jude Uzonwanne, CBN-NIRSAL, Mr. Kehinde Lawanson, chairman Equipment Leasing Association of Nigeria (ELAN) and Mr. Riadh Naouar, IFC Leasing programme manager, at the ELAN 10th National leasing conference 2012 in Lagos. Photo: EMMANUEL ANYANWU

Equipment Leasing Association of Nigeria (ELAN) has said that the emerging reforms and potentials in agriculture sector present immense opportunities  for lessors to actively participate through  leasing of  equipment to businesses across the entire agricultural value chain.

Beyond the tax challenges, the lessors are currently faced with other problems that daily threaten the growth and development of leasing industry in Nigeria.  According to the ELAN  as published in  LEASING TODAY  these are mainly in the  areas of funding , high  cost of  imported equipment, fraudulent practices of lessees regarding  default and  helplessness of the judiciary.
  

Kehinde Lawanson, ELAN Chairman.

Stakeholders in the equipment leasing industry will meet at a business forum in Lagos to exhaustively discuss pertinent issues in taxation as they affect the business of leasing in Nigeria.