The Federal Government has inaugurated a Ministerial Project Approval Board, MPAB, and launched a digital partnership with the Equipment Leasing Registration Authority, ELRA, to modernise Nigeria’s leasing industry.
Finance Minister Wale Edun said the initiative reflects government’s drive to attract private capital, enhance transparency and strengthen economic reforms.
Chairing the board’s first session in Abuja, Mr. Edun noted that all public-private partnerships under the ministry will now operate under stricter standards of due process, accountability and value for money. The digitalisation plan is expected to overhaul equipment leasing processes nationwide.
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ELRA Chief Executive Donald Wokoma said the reform will create a transparent, technology-driven ecosystem that empowers businesses and supports job creation. Private-sector partners at the event pledged to align with government efforts to boost investment and enterprise-led growth.
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