Equipment Leaasing as a Source of Finance in Construction Industry
Abstract of Equipment Leaasing as a Source of Finance in Construction Industry
The aim of this study is to find out how the establishment of Equipment Leasing in the Federation has helped in financing investment. To carry out this study, four research questions were formulated.
In this study, a questionnaire was used to collected relevant data from the staff of Marlum Construction Company, Emene, Enugu.
The findings revealed that Marlum has a positive perception that the established of Equipment Leasing in the federation helped in improvement of investments while lessens also have positive perception, better perception in all the issues raised in the research work.
The relative recent development of leasing in Nigeria as compared to other forms of finance have been said to be the reason for the stunning lack of information about it and the options it offers to the business concern in Nigeria. This lack of information is pitiful in that most members of the public are not even aware of its presence in Nigeria. The need for organized and comprehensive information could not be over emphasized.
Furthermore, being new most investors are not really well informed as to the profitability or otherwise of leasing as a finance option, hence the low level of firms that engaged in leasing which goes to compound the problem of the Nigerian investors not having much choice as to the best alternative available to him.
Subsequently, this study will go a long way in projecting the profitability and future prospects of leasing business in Nigeria and also contributing to the development of leasing in Nigeria which under the present economic condition its impatience cannot be over emphasized.