EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN)

Name

EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN)

Legal name

Equipment Leasing Association of Nigeria Ltd/Gte

Website

https://elannigeria.org

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Dues: ELAN generates revenue through various tiers of membership including corporate membership (banks, finance houses, independent leasing companies), associate membership (insurance companies, equipment vendors, professional firms), and individual membership.
2. Training and Capacity Building Programmes: ELAN conducts paid training programmes including the Leasing School (4-day intensive programme), in-plant capacity building programmes, fleet management programmes, and specialised workshops on topics such as risk management, lease documentation, and operating lease structures.
3. Publications: ELAN publishes the Leasing Focus Journal and the book 'Legal Aspects of Equipment Leasing in Nigeria: A Practical Approach' available for purchase.
4. Conferences and Events: The association organises the annual National Lease Conference (NALCON) and Executive Business Forum with participation fees.
5. Consulting Services: ELAN provides consulting services to development partners such as SEDIN-GIZ to facilitate MSME equipment leasing opportunities.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

ELAN is a Business Membership Organisation that delivers paid training programmes (Leasing School, Fleet Masterclass, Risk Management, Lease Documentation, Operating Lease, Lease Accounting & Taxation), hosts the annual National Lease Conference (NALCON) and Executive Business Forum, publishes industry periodicals and textbooks, conducts in-plant capacity building at member premises, and provides consulting services to development partners. Membership tiers include corporate (banks, finance houses, leasing companies), associate (insurers, vendors, professional firms), and individual memberships.

Product overview

EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) operates as a business membership organization providing a portfolio of training programmes, industry publications, and professional development services for the Nigerian equipment leasing industry. The core offerings include the flagship Leasing School Programme (4-day intensive training), the annual National Lease Conference (NALCON), and specialised short courses covering areas such as Fleet Management, Risk Management, Lease Documentation, Operating Lease Structures, and Lease Accounting and Taxation. Supporting offerings include the Leasing Focus Journal (industry publication), the textbook 'Legal Aspects of Equipment Leasing in Nigeria: A Practical Approach', the Executive Business Forum, and In-Plant Capacity Building Programmes. ELAN also offers digital online courses through its partnership with Skilldorm.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing School Programme

Quantifiable outcome

• Nigerian leasing industry grew 26.5% to ₦6.54 trillion in 2025
• +3 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Lagos Multi-Door Court House (LMDC)coreStrategic or Co-development Partner · 1 January 2025Collaboration with LMDC (the first court-connected ADR centre in Africa) to promote Alternative Dispute Resolution mechanisms for speedy resolution of disputes in lease transactions. ELAN held sensitisation forums with LMDC and explored ADR collaboration.
• Equipment Leasing Registration Authority (ELRA)coreStrategic or Co-development Partner · 1 January 2025ELRA, established by Equipment Leasing Act 2015, is the primary regulator for the leasing industry. ELAN collaborates with ELRA for industry development and promotion. ELRA portal was opened for registration of lessors in 2025.
• Swiss Biostadt LimitedminorStrategic or Co-development Partner · 1 January 2018Partnership with Swiss Biostadt Limited, a vendor of medical equipment, to promote an Equipment Leasing Scheme for the healthcare sector. The scheme aims to provide medical equipment to healthcare providers and enhance service delivery.
• Goxi Microinsurance LimitedcoreStrategic or Co-development PartnerPartnership to provide microinsurance solutions for the leasing industry ecosystem, registered through ELAN's partnership programme.
• SEDIN-GIZcoreStrategic or Co-development PartnerELAN serves as consultants to SEDIN-GIZ (a GIZ-supported initiative) to deepen access to finance for MSMEs by facilitating equipment leasing opportunities. ELAN engages cluster members to identify equipment requirements and conduct preliminary assessments for leasing companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Equipment Leasing and Finance Association (ELFA): The largest US trade association for the equipment finance sector, offering advocacy, conferences, education and research. It is directly comparable to ELAN in mission (industry body for equipment leasing) and revenue mix (membership dues, conferences, training, publications).
• Leaseurope: European federation representing the leasing and automotive rental industries at the EU level. Comparable to ELAN as an industry body aggregating lessor members, providing advocacy and producing industry statistics and training content.
• Associazione Italiana Leasing (Assilea): Italian trade association representing leasing companies operating in Italy, providing advocacy, statistics and industry training. Directly comparable in structure and function to ELAN as a national industry body for equipment leasing.
• The Leasing Association (UK): UK national trade association for the equipment and vehicle leasing industry, providing advocacy, training and industry data. It is the closest international functional analogue to ELAN's role in Nigeria, and a natural comparison point for member services, training programmes and regulatory engagement.

Regional players

• African Leasing Association: Pan-African body aggregating national leasing associations across the continent. Comparable in mission to ELAN as an industry association focused on African leasing markets, and a potential platform for ELAN's regional expansion beyond Nigeria.
• Asian Leasing Association: Regional federation of Asian national leasing associations that supports industry development and data exchange. Relevant as a regional industry-body peer to ELAN, though its geographic focus (Asia) does not overlap directly with ELAN's Nigerian market.
• Federación Latinoamericana de Leasing (Felaleasing): Latin American federation of national leasing associations that coordinates cross-country advocacy and industry data. Comparable to ELAN as a regional-level industry body representing leasing ecosystems, though operating in a different geography.

Broad incumbents

• Chartered Institute of Bankers of Nigeria (CIBN): Nigerian professional institute for bankers providing training, certification and advocacy for the banking sector. Comparable to ELAN as a Nigerian industry body offering paid training programmes and professional development for financial institutions, and a potential partner/competitor for finance training.
• Nigerian Bar Association: National professional body for lawyers in Nigeria, providing continuing legal education, conferences and advocacy. Comparable to ELAN in organisational structure (membership-based professional association delivering training and events) and as a benchmark for member services and training monetisation in Nigeria.

Emerging players

• Skilldorm: Digital training platform that partners with ELAN to deliver online leasing courses. Comparable as an emerging digital delivery channel for professional finance training in Nigeria, and a potential disruptor/partner that shapes how industry training is distributed.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/elanbusinessconnect
• LinkedInlinkedin.com/company/elannig

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN)