ARTICLE
12 October 2026

The Equipment Leasing Registration Authority: What Every Lessor And Lessee Should Know

Syntegral Legal Practice

Contributor

Syntegral Legal is a full-service law firm with offices in Lagos and Abuja, well-placed to support clients across Nigeria’s major commercial centres. The firm takes a practical, client-centred approach, offering legal solutions tailored to the unique needs of each business. With strong expertise across a range of sectors – including energy, maritime, finance, telecommunications, aviation, and IT – Syntegral is trusted for its deep understanding of both local and international transactions. Whether advising on complex debt and equity arrangements or general commercial matters, the firm works closely with clients to deliver clear, effective legal support.
Equipment leasing has emerged as a vital source of asset finance for Nigerian businesses seeking access to vehicles, machinery, technology and other productive assets without substantial upfront costs. The Equipment Leasing Act 2015 established the Equipment Leasing Registration Authority and introduced a comprehensive statutory framework for regulating equipment leasing activities in Nigeria.
Nigeria Finance and Banking

Introduction

Equipment leasing has become an important source of asset finance for businesses seeking access to vehicles, machinery, technology and other productive assets without the substantial upfront cost associated with outright acquisition. For businesses with significant capital expenditure requirements, leasing can offer a commercially attractive alternative to conventional asset acquisition and secured financing.

In Nigeria, the Equipment Leasing Act 2015 (“the Act”) established the Equipment Leasing Registration Authority (“ELRA” or “the Authority”) and introduced a statutory framework for the regulation of equipment leasing activities.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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