- The agreement was a move aimed at promoting transparency
- integrate ELRA’s registration system into the procurement workflow
- Major milestone in Nigeria’s journey toward sustainable public procurement
The Equipment Leasing Registration Authority (ELRA) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding (MoU) to integrate leasing into Nigeria’s public procurement framework.
Eko Hot Blog reports that this was disclosed in a statement signed by Adebola Brookslyn, the Head of Media and Corporate Communication at ELRA, in Abuja on Sunday.
EDITOR’S PICK
- ASUU Awaits Ministry Response as Strike Continues
- Military Launches Probe Into Alleged Coup Plot Against Tinubu
- Top Epe Division News This Week, October 13th to 19th (Featuring Wale Raji, Epe LGA, Hon. Monsuru Akinloye, Princess Surah Animashaun)
The Registrar/Chief Executive Officer of ELRA, Donald Wokoma, noted that the agreement was a move aimed at promoting transparency, efficiency, and fiscal prudence across government operations.
According to Wokoma, through the MoU, ELRA and BPP will jointly develop clear policy guidelines and standard documents for lease-based procurement. He added that it would also build the capacity of procurement officers across Ministries, Departments, and Agencies (MDAs) and integrate ELRA’s registration system into the procurement workflow for improved accountability.
He also stated that this would pilot leasing projects in key sectors, including health, education, transport, agriculture, and ICT.
Wokoma further explained that the collaboration would 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.
In his remarks, the Director-General of BPP, Dr Adebowale Adedokun, commended ELRA, saying: “This MoU is timely and strategic. Leasing provides a viable alternative financing mechanism that supports service delivery while safeguarding public resources.” Adedokun stated that the partnership would strengthen institutional capacity within MDAs and enhance accountability.
He stressed: “BPP will ensure compliance without which a Certificate of No Objection will not be issued by the Bureau,” adding that those who will go into the leasing sector “must show clearly that they are registered with ELRA.”
The partnership harmonises the mandates of ELRA and BPP, creating a unified process for all lease-related procurements to be duly registered, marking a major milestone in Nigeria’s journey toward efficient and sustainable public procurement.
FURTHER READING
