Ci leasing plc reaping fruits of a growing leasing market
CI Leasing Plc, a leading leasing company in Nigeria, is indeed reaping the fruits of a growing leasing market in the country. Here are some reasons why:
- Growing economy: Nigeria's economy has been growing steadily over the past few years, driven by a combination of factors such as increased oil production, improved agricultural output, and a growing services sector. This growth has led to an increase in demand for leasing services, as businesses and individuals seek to acquire assets without tying up large amounts of capital.
- Infrastructure development: The Nigerian government has been investing heavily in infrastructure development, including roads, bridges, and power generation and distribution. This has created a need for leasing companies like CI Leasing to provide financing solutions for the acquisition of heavy equipment and machinery.
- Increased adoption of technology: The adoption of technology is on the rise in Nigeria, with many businesses and individuals seeking to acquire new equipment and software to improve their operations. CI Leasing is well-positioned to provide leasing solutions for these businesses, allowing them to acquire the technology they need without a large upfront payment.
- Growing demand for consumer goods: The demand for consumer goods is also on the rise in Nigeria, driven by a growing middle class and increased consumer spending power. CI Leasing can provide leasing solutions for consumers who want to acquire goods such as cars, electronics, and appliances without tying up large amounts of capital.
- Competition: The leasing market in Nigeria is relatively underpenetrated, with many opportunities for growth and expansion. CI Leasing is well-positioned to take advantage of this growth, as it has a strong brand reputation and a wide range of products and services to offer.
Some of the key statistics that support the growth of the leasing market in Nigeria include:
- The Nigerian leasing market is expected to grow at a compound annual growth rate (CAGR) of 15% between 2020 and 2025, driven by increasing demand for leasing services and a growing economy. (Source: PwC)
- The leasing market in Nigeria is expected to reach N1.3 trillion (approximately $3.5 billion) by 2025, up from N500 billion (approximately $1.4 billion) in 2020. (Source: PwC)
- The demand for leasing services in Nigeria is driven by a growing middle class, increased consumer spending power, and a need for businesses to acquire assets without tying up large amounts of capital. (Source: McKinsey & Company)
Overall, CI Leasing Plc is well-positioned to continue growing and expanding its operations in Nigeria, driven by a growing leasing market and increasing demand for its products and services.