By Felix Khanoba
The Equipment Leasing Registration Authority (ELRA) has entered into a strategic partnership with Admiralty Maritime Services Limited (AMSL) to improve asset registration processes, boost regulatory compliance and encourage structured financing within Nigeria’s shipping and marine services industry.
The development was disclosed in a statement issued to journalists in Abuja by ELRA’s Head of Media and Corporate Communication, Adebola Sunday.
According to Sunday, the initiative is designed to advance transparency and strengthen regulatory supervision in the sector, thereby enhancing investor confidence and supporting sustainable industry growth.
Speaking at the signing ceremony, ELRA Registrar/CEO, Mr Donald Wokoma, described the agreement as a strategic move aligned with the Authority’s mandate to formalise asset-backed financing nationwide.
“This partnership is a practical step that reinforces our regulatory mandate and drives structured asset financing in the industry. It will strengthen compliance with lease registration standards and deepen transparency across operations,” he said.
Wokoma added that improved asset registration and documentation would enhance credit security for financiers and attract long-term capital inflows.
In his remarks, AMSL Managing Director, Real Admiral Mushsin Abba, said the partnership aligns the company’s operations and financing processes with recognised regulatory frameworks, strengthening corporate governance and market positioning.
“This partnership strengthens our compliance framework and positions AMSL as a transparent, investor-ready service provider. It reinforces our commitment to operational excellence and structured growth,” he stated.
The collaboration is projected to reinforce adherence to lease registration requirements, institutionalise structured asset financing, boost investor confidence and promote accountability alongside regulatory alignment.
Industry observers noted that the deal underscores the increasing role of institutional partnerships in driving sectoral reforms, setting a benchmark for transparency, innovation and sustainable development within Nigeria’s shipping and marine ecosystem.
