The federal government, through Equipment Leasing Registration Authority (ELRA), has directed all Ministries, Departments, and Agencies (MDAs) to adopt equipment leasing procedures and documentation in their activities.
A press statement issued Thursday by the Registrar/CEO ELRA, Donald Wokoma, said “The key directives to MDAs include ensuring that an ELRA registration certificate accompanies all procurement processes involving equipment leasing.
“Complying fully with the Public Procurement Act, which aims to streamline leasing operations and support the Federal Government’s revenue mobilization strategies.”
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,” he noted.
He, therefore, urged stakeholders to take immediate action to align with the directive to avoid contravening the established regulations.
The release directed all MDAs to interface with ELRA via its official website (www.elra.gov.ng) or designated phone lines (0705 032 4595, 0803 612 7118) for more enquiries.