Growth In Credit To Drive Trust Services In Nigeria – Leadway Capital

The growth in credit in Nigeria, among others, offers promising future for Trust services, hence, allowing players to expand their tentacles, impacts and penetration, the managing director/CEO, Leadway Capital & Trusts Limited.  Ayo Wuraola said.

Wuraola, at a media party in Maryland, Lagos recently, said, this is expected as more institutions provide financial services to individuals and small businesses across the federation.

Envisioning exponential growth in the trust business over the next few years, foreseeing its strategic role in the economy, he said, Leadway Capital & Trusts, cognisant of its potential impact, has outlined strategic initiatives to assume a leadership position in the Trust industry.

These, he stressed, includes: curated product offerings tailored to the needs of Technology and Venture Capital companies, addressing the rising diaspora remittances, and fulfilling domestic project management requirements.

These initiatives, he noted, align with the positive trajectory of increased investment in agriculture while recognising the vital role of trust companies through the value- chain, promising that Leadway Capital & Trust aims to be at the forefront of facilitating economic growth and financial inclusivity.

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The company’s commitment, he said, extends to empowering women entrepreneurs, supporting small businesses, leveraging technology, and aligning with government initiatives.

Wuraola said, Leadway Capital & Trusts Limited is positioned for greater impact in the Nigerian economy, in a strategic move towards enhancing its intermediation in commercial, public, and private transactions as well as value preservation and growth.

While underscoring the commitment to a trusteeship model that facilitates more transactions for issuers while securing the interests of investors and lenders, he added that, ‘We are dedicated to creating sustained value through innovative financial solutions, including trusteeship and microcredit services.’

As trustees, he noted that the company acts on behalf of clients, ensuring their interests are well represented and their investments as well as final wishes are safeguarded through proper documentation as wills or and trusts such as education trusts and estate trusts.

Leadway Capital & Trusts’ related investment services encompass select short- term loans, leases, LPO financing, and targeted micro-loans. Recognising the pivotal role of trust in commerce, the company, Wuraola pointed out, underscores its significance in a global landscape where transactions often involve parties in distant locations who may never have met face-to-face.