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The concept of Guarantorship is often taken for granted in Nigeria. The seemingly small request we now hear from friends, family members or even colleagues can be captured in the following sample appeal: “I collected one small loan, and I need you to be my guarantor. Please just sign here, I already know how to pay back; it will not be a big deal.”

Equipment leasing has emerged as a vital source of asset finance for Nigerian businesses seeking access to vehicles, machinery, technology and other productive assets without substantial upfront costs. The Equipment Leasing Act 2015 established the Equipment Leasing Registration Authority and introduced a comprehensive statutory framework for regulating equipment leasing activities in Nigeria.

The August Policy Trend Trail examines policy developments aimed at improving Nigeria’s economic potential through consumer protection, digital infrastructure, and the operationalisation of existing policy frameworks. The policies considered span across various sectors such as real estate, corporate commercial, taxation, public, postal, and digital economy sectors. Notwithstanding the diversity of sectors, the policy analysis reveals a shared common thread: the need to address structural gaps that have long constrained Nigeria’s economic growth and reduced consumer confidence. This Policy Trail examines not only the substance of each reform, but also the practical implementation questions that will ultimately determine their impact.