The Equipment Leasing Registration Authority and Admiralty Maritime Services Limited have signed a partnership to improve asset registration, compliance, and structured financing within Nigeria’s shipping and marine services sector. According to a statement issued in Abuja, the collaboration is designed to enhance transparency, reinforce regulatory oversight, and boost investor confidence while promoting sustainable industry growth.
ELRA Registrar and Chief Executive Officer, Donald Wokoma, described the agreement as a strategic step toward formalising asset backed financing nationwide. He said the partnership would strengthen adherence to lease registration standards, improve documentation practices, and enhance credit security for financiers, thereby attracting long term capital inflows into the sector.
AMSL Managing Director, Real Admiral Mushsin Abba, said the arrangement aligns the company’s operations with recognised regulatory frameworks and strengthens corporate governance. Observers noted that the agreement signals growing institutional collaboration aimed at promoting accountability, innovation, and sustainable development in Nigeria’s maritime ecosystem.
