Leasing Industry to Expect 30% Growth in Nigeria By 2020
The recent adoption of the lease system by Nigerians indicates a positive spark to leasing companies highlighting prospect as the industry encounters growth from 189,881,130 billion naira in 2006 to about 1.26 trillion naira in 2016 in terms of volume.
LEASING INDUSTRY GROWS AMIDST RECESSION
Global economic growth remained slow in 2016 most especially with the continued fall in crude oil the prices. The Nigerian economy faced its worst economic crisis in more than 20 years, as the economy contracted heavily.
Can Leasing Industry Help Solve Nigeria’s Economic Problems?
The Nigerian economy has been under siege for a long time and financial indices about the country’s economic outlook has been dismal if not downright disheartening. Statistics from both government agencies and non-governmental organisations paint a very gloomy picture.