By Felix Khanoba
The Nigerian Navy has reaffirmed its readiness to support the Equipment Leasing Registration Authority (ELRA) in implementing and enforcing the Equipment Leasing Act, 2015.
This commitment was expressed by the Chief of Naval Staff, Vice Admiral Idi Abbas, when officials of ELRA paid a courtesy visit to the Naval Headquarters in Abuja.
According to a statement by ELRA’s Head of Media and Corporate Communication, Adebola Brookslyn Sunday, the Authority’s Registrar and Chief Executive Officer, Mr Donald Wokoma, reiterated ELRA’s resolve to promote transparency and accountability across Nigeria’s leasing industry.
“ELRA promotes leasing as a driver of economic growth and ensures leased assets are properly registered and traceable to enhance transparency and maritime enforcement,” Mr Wokoma said.
In his response, the Chief of Naval Staff emphasised the importance of proper asset registration to maintaining stability and order in the maritime sector.
“The Nigerian Navy stands ready to collaborate with ELRA, as effective asset registration strengthens economic activity and oversight,” Vice Admiral Abbas stated.
He further praised the collaboration between ELRA and Admiralty Maritime Services Limited (AMSL), stressing that leasing arrangements allow operators to increase their fleet capacity without the burden of large upfront capital requirements.
Both parties also resolved to strengthen operational cooperation, improve information exchange, and establish structured mechanisms aimed at boosting compliance, enhancing investor confidence, and protecting national economic interests.
