ABUJA, Nigeria (VOICE OF NAIJA)-The Equipment Leasing Registration Authority (ELRA) and the Bureau of Public Procurement (BPP) have entered into a Memorandum of Understanding to integrate leasing into Nigeria’s public procurement framework.
This was revealed in a statement issued in Abuja on Sunday by Head of Media and Corporate Communication of ELRA, Adebola Brookslyn.
According to the statement, Donald Wokoma, the Registrar/Chief Executive Officer of ELRA, described the agreement as a strategic step toward promoting transparency, efficiency, and fiscal prudence across government operations.
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Wokoma explained that the MoU would enable both ELRA and BPP to jointly develop clear policy guidelines and standard documents for lease-based procurement.
He added that the partnership would also build the capacity of procurement officers across Ministries, Departments, and Agencies (MDAs) and integrate ELRA’s registration system into the procurement process to enhance accountability.
The initiative, he said, would pilot leasing projects in critical sectors such as health, education, transport, agriculture, and ICT.
Wokoma appreciated the Director-General of BPP and his team for their foresight and cooperation, reaffirming ELRA’s commitment to ensuring that every lease transaction under the partnership delivers measurable value to national development.
He further stated that the collaboration would reduce fiscal pressure on government budgets, improve service delivery and asset management, and align with the Renewed Hope Agenda and Nigeria’s economic diversification and sustainable growth goals.
In his remarks, the Director-General of BPP, Dr. Adebowale Adedokun commended ELRA for initiating the collaboration and reaffirmed the Bureau’s commitment to establishing a procurement system that reflects global best practices.
“This MoU is timely and strategic. Leasing provides a viable alternative financing mechanism that supports service delivery while safeguarding public resources.
By working together with ELRA, we are ensuring that leasing transactions in the public sector are not only transparent but also deliver real value for money,” Adedokun said.
He noted that the partnership would strengthen institutional capacity within MDAs and enhance accountability in public expenditure management, particularly in compliance.
Those engaging in leasing must show proof of registration with ELRA.
“BPP will ensure compliance without which a Certificate of No Objection will not be issued by the Bureau,” he added.
Under the Equipment Leasing Act, 2015, ELRA is mandated to regulate and register all leasing transactions in Nigeria, promoting credibility, accountability, and investor confidence.
Likewise, the Public Procurement Act empowers BPP to ensure value-for-money and competitiveness in government transactions.
The partnership, therefore, harmonises both mandates, creating a unified and transparent process for all lease-related procurements, marking a significant milestone in Nigeria’s pursuit of efficient and sustainable public procurement.