The Federal Government, through the Equipment Leasing Registration Authority under the supervision of the Federal Ministry of Finance, has issued a mandatory compliance directive to all Ministries, Departments, and Agencies regarding equipment leasing procedures and documentation in the country.
This was disclosed in a statement made available to newsmen in Abuja on Thursday by the Registrar/CEO of ELRA, Donald Wokoma.
Wokoma said the notice, based on the circular with Ref. No. F/LEG/2809/15/T2/7 dated 27th June 2025 from the Federal Ministry of Finance, formally establishes the operational framework for ELRA and mandates all MDAs to engage the agency on all equipment leasing matters.
According to the circular, all MDAs are now required to interface with ELRA via its official website (www.elra.gov.ng) or designated phone lines (0705 032 4595, 0803 612 7118) for any transactions involving equipment leasing.
“The key directives to MDAs include ensuring that an ELRA registration certificate accompanies all procurement processes involving equipment leasing;
“Registering all lease agreements with ELRA as a prerequisite for procurement eligibility;
“Complying fully with the Public Procurement Act, which aims to streamline leasing operations and support the Federal Government’s revenue mobilisation strategies,” the circular explained.
Wokoma said the new compliance regime was expected to bring transparency, accountability, and regulatory oversight to equipment leasing transactions within public institutions.
He also emphasised the importance of wide circulation and strict adherence to the directive across all government institutions.
“The integration of equipment leasing into a formal registration process will not only boost confidence in lease transactions but also contribute to the overall fiscal efficiency of the government,” Wokoma added.
He, therefore, urged stakeholders to take immediate action to align with the directive to avoid contravening the established regulations.
