Finance Company Surpasses N30bn Lease Portfolio

LECON Finance Company Limited, Nigeria’s pioneering leasing institution and a Central Bank of Nigeria (CBN)-licensed finance company, has announced that it has surpassed N30 billion in lease disbursements to businesses across the country.

The firm said in a statement that the milestone underscores its leading role in expanding access to productive assets, strengthening Nigeria’s leasing industry, and driving inclusive economic growth adding that since inception, LECON has financed more than 2,000 projects spanning key sectors such as agriculture, healthcare, logistics, manufacturing, education, transportation, construction, and renewable energy.

Speaking on the achievement, managing director/chief executive officer of LECON Finance Company, Ebehiriere Ehi-Omoike, said the milestone reflects the company’s commitment to broadening access to finance for Nigerian businesses.

“We are on a mission to democratize access to productive assets for businesses of all sizes to create real impact. These milestones reflect our dedication to building a resilient and inclusive financial ecosystem,” she stated.

According to the statement, “LECON’s strategic focus includes financing in sectors critical to Nigeria’s sustainable development — including agro-processing, mining and solid minerals, renewable energy, healthcare, ICT, telecommunications, and women-led enterprises.

The company’s leasing model provides flexible, asset-backed financing that allows businesses to invest in modern equipment without heavy upfront costs. As one of the oldest institutions in Nigeria’s leasing industry, LECON has played a key role in legitimising leasing as an effective financing tool for large corporates and micro, small, and medium enterprises (MSMEs). It continues to promote thought leadership in the sector through active participation in the Equipment Leasing Association of Nigeria (ELAN), where it is a pioneer member.’’

Founded in 1970 under Nigeria’s indigenisation policy as the Commonwealth Development Corporation (CDC), the institution evolved into the Leasing Company of Nigeria (LECON) in 1989 and was rebranded in 2022 as LECON Finance Company Limited.