LECON Finance Company Limited, a licensed finance institution and subsidiary of the Bank of Industry (BOI), has announced the disbursement of over N30 billion in leasing finance to businesses across Nigeria, reinforcing its role in expanding the country’s leasing ecosystem.

The company has financed more than 2,000 projects since its inception, with over 230 projects supported in the last five years alone. These investments have enabled enterprises in critical sectors to acquire vital equipment, enhance productivity, and create jobs.

Strategic Focus on Key Sectors

LECON targets its financing towards sectors essential for Nigeria’s long-term economic prosperity, including:

• Agriculture and Agro-processing
• Renewable Energy and Climate
• Healthcare and Pharmaceuticals
• Mining and Solid Minerals
• ICT and Telecommunications
• Women-led Enterprises

By providing access to productive assets for smallholder farmers, healthcare providers, and emerging entrepreneurs, the company is helping to close the financing gap for underserved groups and transform local industries.

A Mission to Democratize Asset Financing

Reaffirming the company’s commitment, the Managing Director/CEO, Mrs. Ebehiriere Ehi-Omoike, stated, “We are on a mission to democratize access to productive assets for businesses of all sizes to create real impact.”

As a pioneer in Nigeria’s leasing industry, LECON has been instrumental in establishing leasing as a credible and effective financing tool. Its model of flexible, asset-backed financing allows businesses to invest in modern equipment without the burden of upfront capital costs.

A Legacy of Trust and Impact

With a heritage spanning over five decades, LECON has built a strong reputation for sound governance, earning a consistent “A+” credit rating from Agusto & Co.

The company’s N30 billion portfolio represents significant tangible impact, facilitating job creation, improved productivity, and the empowerment of women and youth-led businesses across sectors like agro-processing, healthcare, logistics, and renewable energy.

As Nigeria pursues economic diversification, LECON remains committed to driving inclusive growth by enabling businesses to access the assets they need to compete and create long-term value.