ELRA, BPP Move To Integrate Leasing Into Nig’s Procurement Framework

The Equipment Leasing Registration Authority (ELRA) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding to integrate leasing into Nigeria’s public procurement framework.

On the occasion in Abuja, Chief Executive Officer of ELRA, Donald Wokoma explained that the move was aimed at promoting transparency, efficiency, and fiscal prudence across government operations.

Mr. Wokoma described the partnership as “a new chapter in Nigeria’s public procurement framework, in which the MoU, the agencies jointly signed will develop clear policy guidelines and standard documents for lease-based procurement.

Wokoma expressed appreciation to 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.

In his remarks, Dr. Adebowale Adedokun, Director-General of BPP, commended ELRA for initiating the collaboration and reaffirmed BPP’s commitment to developing a procurement system that reflects global best practices.

Dr. Adedokun explained that “the 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.”

He further explained that the collaboration will reduce fiscal pressure on government budgets, enhance service delivery, and improve asset management, aligning with the Renewed Hope Agenda and Nigeria’s drive toward economic diversification and sustainable growth.

The MOU will also work towards building the capacity of procurement officers across Ministries, Departments, and Agencies (MDAs);
Integrate ELRA’s registration system into the procurement workflow for improved accountability; and
Pilot leasing projects in key sectors such as health, education, transport, agriculture, and ICT.

Florence Adewale, Edited By Grace Namiji