A Nigerian financial institution licensed by the central bank has provided more than 30 billion naira through equipment leasing arrangements to companies operating across the country. LECON Finance Company Limited announced the milestone while highlighting its contribution to expanding access to productive assets for enterprises in multiple economic sectors.
The firm has backed over 2,000 initiatives since beginning operations, with financing flowing toward agriculture, medical facilities, transportation networks, manufacturing plants, schools, construction firms and clean energy ventures. More than 230 projects received support during the past five years alone, allowing organizations to obtain machinery and equipment that boost output while generating employment opportunities. Managing Director Ebehiriere Ehi-Omoike described the company's approach as focused on democratizing asset acquisition for businesses regardless of size.
LECON holds an A-plus credit rating from Agusto and operates as a subsidiary of the Bank of Industry. The organization traces its roots to 1970, when it launched under the Commonwealth Development Corporation name before transitioning to its current lease-focused structure in 1989. Target sectors feature food processing, mineral extraction, renewable power, pharmaceuticals, telecommunications and women-owned ventures. The portfolio reflects efforts to bridge financing gaps affecting smaller farmers, healthcare providers and emerging business owners throughout the nation.
The firm has backed over 2,000 initiatives since beginning operations, with financing flowing toward agriculture, medical facilities, transportation networks, manufacturing plants, schools, construction firms and clean energy ventures. More than 230 projects received support during the past five years alone, allowing organizations to obtain machinery and equipment that boost output while generating employment opportunities. Managing Director Ebehiriere Ehi-Omoike described the company's approach as focused on democratizing asset acquisition for businesses regardless of size.
LECON holds an A-plus credit rating from Agusto and operates as a subsidiary of the Bank of Industry. The organization traces its roots to 1970, when it launched under the Commonwealth Development Corporation name before transitioning to its current lease-focused structure in 1989. Target sectors feature food processing, mineral extraction, renewable power, pharmaceuticals, telecommunications and women-owned ventures. The portfolio reflects efforts to bridge financing gaps affecting smaller farmers, healthcare providers and emerging business owners throughout the nation.
