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Equipment Leasing Project

Equipment Leasing Project

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The Need for Equipment Leasing in Nigeria
During the last decade, a number of changes have occurred in Nigeria, which have helped all sectors of the economy, especially the building & construction sectors. The construction industry has outgrown all other sectors of the Nigerian economy in the last three years. Yet, several opportunities exist in the industry especially in equipment leasing. The last 5 years has witnessed increased growth in profits for most construction companies in Nigeria. Recently a number of development projects by government and private sector companies have created opportunities for construction companies to reap substantial revenues. Agriculture is also a flourishing industry in Nigeria and demand for agricultural equipment is similarly significant. Leasing of marine equipment and vessels to oil companies is as well in great demand. However, there is a shortage of construction equipments to maintain these activities.Nigeria and demand for agricultural equipment is similarly significant. Leasing of marine equipment and vessels to oil companies is as well in great demand. However, there is a shortage of construction equipments to maintain these activities.

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