FG Partners ELRA, Inaugurate Ministerial Project Approval Board

In a bid to enhance economic growth and development, the Federal Government has inaugurated a Ministerial Project Approval Board and the advancement of a landmark digital transformation partnership with the Equipment Leasing Registration Authority (ELRA).

In a statement signed by the Head of Media and Corporate Communication of ELRA, Mr. Adebola Brookslyn Sunday says the initiative was aimed at digitising regulatory processes, strengthening transparency, and expanding access to equipment finance particularly for Micro, Small, and Medium Enterprises MSMEs that depend on leasing to acquire machinery, vehicles, and technology critical to their operations.

The statement states that, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun inaugurated the board and presided over its maiden review session.

It states that the aim of the board is to modernise Nigeria’s leasing industry.

It also quotes the minister to reaffirming the Federal Government’s commitment to due process, value for money, and accountability in all public-private partnerships (PPPs).

According to Edun, “this administration is committed to partnerships that leverage private capital and innovation to deliver real economic value. Our focus remains on reforms that stimulate investment, productivity, and job creation.”

The Minister further noted that the MPAB will serve as a key mechanism for accelerating responsible private-sector investment under the Ministry, ensuring that all PPP projects are structured to safeguard public interest while driving sustainable national development.

Presenting the transformation plan earlier, the Executive Officer of ELRA, Mr. Donald Wokoma outlined strategic components of the initiative, including the deployment of digital platforms, industry development programmes, and capacity-building efforts to deepen participation in the leasing sector and promote enterprise-led growth.

Also, the Managing Director of Century Information Systems Limited, Mr. Abdul Balarabe, the private-sector partner, reaffirmed its commitment to supporting the initiative through technology-driven and financial solutions that enhance business access to leasing and strengthen the overall operating environment.

PR/Florence Adewale