The Next Frontier for Finance Leasing in sub-Saharan Africa

Abstract

This paper critically discussed the controversial avoidance of the equipment lease transactions from the Central Bank of Nigeria (CBN) Regulation of Secured Transactions Law. It gives a detailed account of the importance of equipment leasing in sub-Saharan Africa and developing countries, and why the CBN has failed to address the issue of access to finance by omitting this key element from its scope. It considers the utility of UNCITRAL’s Legislative Guide on Secured Transactions and the UNCITRAL Registry Guide as benchmarks for the reform of equipment leasing in sub-Saharan Africa using Nigeria as a focus country. a wholesale reform of equipment leasing in sub-Saharan Africa.