{
  "id": 16040130,
  "title": "FG makes leasing registration mandatory for procurement contracts",
  "url": "https://urgent.news/2026/10/22/fg-makes-leasing-registration-mandatory-for-procurement-contracts",
  "topic": "world",
  "section": "World",
  "published": "2026-10-22T12:14:52.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/fg-makes-leasing-registration-mandatory-for-procurement-contracts/"
  },
  "original_language": "en",
  "account": "The Federal Government has made it mandatory for contractors seeking public procurement contracts involving equipment leasing to hold an Equipment Leasing Registration Authority (ELRA) certificate. Failure to comply with this new requirement will result in procurement approvals and contract awards not being granted. The Bureau of Public Procurement (BPP) issued a statement and circular to this effect, urging procuring entities to ensure strict compliance. The directive aligns with Section 13 of the Equipment Leasing Act, 2015, and necessitates the inclusion of compliance with lease registration as an eligibility criterion for bids involving equipment leasing.",
  "summary": "The Federal Government has made the Equipment Leasing Registration Authority certificate a mandatory requirement for contractors seeking public procurement Read More: https://punchng.com/fg-makes-leasing-registration-mandatory-for-procurement-contracts/",
  "key_points": [
    "Federal Government mandates ELRA certificate for procurement contracts.",
    "Procurement approvals denied without compliance.",
    "Directive follows Equipment Leasing Act, 2015 Section 13."
  ],
  "editors_take": "Enforcing mandatory registration for equipment leasing turns a statutory provision into a practical barrier to entry, ensuring that only certified contractors can access public procurement opportunities.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}