Friday, March 5African Business News
Shadow

Tag: ELAN

ELAN canvasses govt, businesses investment in leasing to boost economy

ELAN canvasses govt, businesses investment in leasing to boost economy

Business
The Equipment Leasing Association of Nigeria (ELAN) has listed leasing as a major financing tool that can bring the economy out of the woods. This was highlighted in its 2021 outlook released by the association. It stated: “Rebuilding the economy requires huge capital and the growing cost of assets, hinders the capital formation in the economy. Governments at all levels must seek innovative and proactive ways in achieving their development-oriented initiatives. “One of these options is equipment leasing – a creative financing alternative, utilised globally to stimulate economic development and growth. The appeal of leasing is underscored in its developmental attributes of enhancing capital formation in the economy that drives job creation, revenue, better life and economic growth...