LECON Surpasses N30bn Lease Portfolio, Driving Inclusive Economic Growth

Oriarehu Bonny

LECON Finance Company Limited, Nigeria’s pioneering leasing institution and a Central Bank of Nigeria (CBN)-licensed finance company, has announced a major milestone — disbursing over N30 billion in leases to businesses nationwide.

This achievement reinforces LECON’s pivotal role in powering Nigeria’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.

Through its strategic leasing and financing solutions, LECON has emerged as a catalyst for inclusive and sustainable economic growth.

Reaffirming LECON’s dedication to making leasing available to businesses, the Managing Director/CEO, Mrs. Ebehiriere Ehi-Omoike, said “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.

“As one of the earliest institutions in Nigeria’s leasing industry, LECON remains a cornerstone of Nigeria’s leasing ecosytem 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.”

As a CBN-licensed finance company and a subsidiary of the Bank of Industry (BOI), LECON operates with full regulatory compliance and a clear mandate to deliver financial solutions that promote inclusive growth and national development.

Its project portfolio covers agro and food processing, healthcare, petrochemicals, education, transport, logistics, manufacturing, construction, renewable energy, solid minerals, mining, and aviation with each project contributes to a more resilient, diversified Nigerian economy.

As Nigeria continues to pursue economic diversification, LECON remains committed to driving inclusive and sustainable financing. The company’s mission is to enable businesses — large and small — to access the productive assets they need to grow, compete, and create long-term value.