Firm closes financial gap, surpasses N30b leasing portfolio

A leasing institution, LECON Finance Company Limited has surpassed its N30 billion leasing portfolio, enabling businesses nationwide. This achievement reinforces the firm’s pivotal role in powering the country’s productive sectors and expanding the country’s leasing ecosystem. Since inception, LECON has financed over 2,000 projects across key industries including agriculture, healthcare, logistics, manufacturing, education, transportation, construction, […]

A leasing institution, LECON Finance Company Limited has surpassed its N30 billion leasing portfolio, enabling businesses nationwide.

This achievement reinforces the firm’s pivotal role in powering the country’s productive sectors and expanding the country’s leasing ecosystem.

Since inception, LECON has financed over 2,000 projects across key industries including agriculture, healthcare, logistics, manufacturing, education, transportation, construction, and renewable energy.

In the last five years alone, the company has supported more than 230 projects, enabling enterprises to acquire vital equipment and assets that enhance productivity, drive innovation, and create jobs.

The firm’s Managing Director/CEO, Ebehiriere Ehi-Omoike reaffirmed the firm’s dedication to making leasing available to 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 said.

She highlighted the impact of the organisation, saying that through its strategic leasing and financing solutions, it has emerged as a catalyst for inclusive and sustainable economic growth.

 

“The company focuses on sectors critical to Nigeria’s long-term prosperity food and agro-processing, mining and solid minerals, renewable energy and climate, healthcare and pharmaceuticals, ICT and telecommunications, and women-led enterprises,” she said.

 

She stressed that the firm plays a pivotal role in the leasing ecosystem, recalling projects financed in different sectors.

 

“As one of the earliest institutions in Nigeria’s leasing industry, LECON remains a cornerstone of Nigeria’s leasing ecosystem having been instrumental in legitimizing leasing as a credible and effective financing tool for large corporates and MSMEs alike.

 

“By offering flexible, asset-backed financing, LECON empowers businesses to invest in modern equipment without the heavy burden of upfront capital costs. This model has strengthened confidence in leasing as a sustainable growth instrument, helping enterprises expand and thrive,” she said.

 

The company continues to shape Nigeria’s leasing landscape through thought leadership and active participation in the Equipment Leasing Association of Nigeria (ELAN), where it is a pioneer member.

 

LECON’s strong institutional credibility and financial strength anchors its reputation for sound governance, risk management, and operational discipline which has earned it a consistent “A+” credit rating from Agusto & Co., thus confirming its robust financial health and institutional resilience.