Leasing agency, partner of the national register to enhance SMEs

The leasing recording authority for equipment (Elra) and the National Warateral Registry (NCR) have entered into a strategic partnership to strengthen the leasing of the equipment and expand access to finances through the recording of mobile activities in Nigeria.

According to the two institutions, the initiative will play a key role in enhancing small and medium -sized enterprises (SMEs), creating jobs and guiding economic growth at national level, in line with the renewed agenda of the hope of President Bola Ahmed Tinubu on the creation of wealth and in the generation of revenue.

In a declaration made available for the project in Abuja, Saturday, the boss, the media and the company communication of Elra, Brookslyn Adebola, said that the collaboration, formalized in a meeting between managers and technical experts of both institutions, tries to promote guaranteed transactions and build a more inclusive credit system for companies across the country.

He mentioned Elra’s chancellor/CEO, Donald Wokoma, for having affirmed that the leasing sector had shown resilience and growth, recording about 5.1 leasing trillions in 2024, with a growth of 20 % in 2025.

“This initiative is timely and essential for the creation of a qualifying environment in which the rented equipment can serve as credible safety for financing in Nigeria.

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

“This aligns with the renewed agenda of hope on the creation of wealth and on the generation of revenue,” he said.

Wokoma also invited the NCR to support the awareness -raising efforts and encourage the parties interested in recording all leasing transactions with Elra.

By responding, the Chancellor of the NCR, Xavier-Itm Okon, reiterated the register of the register to promote transactions guaranteed in partnership with banks and financial companies.

Okon observed that the NCR reforms have already attracted more foreign capitals in the Nigeria financial system.

“Our goal is to ensure that mobile activities are fully recognized as bankable guarantees. Working with Elra, we are deepening financial inclusion and creating opportunities for entrepreneurs who otherwise would have difficulty accessing credit,” said Okon.

Both organizations have expressed confidence in the long -term benefits of the partnership, undertaking to implement joint action plans that will allow minors to access the financing more easily.