I thought this was worth noting? From the Guardian
Equipment Leasing Association of Nigeria (ELAN) has revealed an outstanding lease volume of N671 billion for 2012, representing a growth rate of 7.8 per cent over the previous year’s figure of N623 billion.
Analysis of the various sectors revealed that, the oil and gas sector continued to dominate the industry with 32.4 percent of total transactions, closely followed by transportation which has been recording steady growth resulting from Government initiatives, through public – private partnership (ppp).
Apart from banks and other independent lessors who are major contributors, new entrants especially from subsidiaries of insurance companies and private investors have equally buoyed leasing activities, coupled with the increasing demand for capital asset from various sectors of the economy.
