Nigeria
ISO: NG
$477 Billion
GDP
223 Million
Population
Oil & Gas
Key Sector
12% YoY
Growth
Overview
Nigeria is Africa largest economy with a massive potential leasing market. Despite challenges including currency volatility, the leasing sector serves a critical role in equipment and vehicle financing.
Leasing Landscape
The Equipment Leasing Association of Nigeria (ELAN) represents major players. Key companies include C&I Leasing and major bank subsidiaries. Fleet management and oil and gas equipment leasing are significant segments.
Regulations
Leasing in Nigeria is regulated by the Central Bank of Nigeria under the Banks and Other Financial Institutions Act (BOFIA).