20.500.12556/DKUM-90097 Vehicles leasing operations in Lagos state, Nigeria Vehicle is an important element of transport; and its financing especially in road transport comes in 3 ways; outright purchase, hire purchase and lease. Of all these three methods of road transport financing, leasing has attracted little attention in Nigeria transport research. This study was carried out to examine the development, types and form, operating characteristics and problems of vehicle lease in Lagos State, Nigeria. Aggregate number of vehicle leasing companies in Nigeria from inception to 2018 was obtained from corporate affairs commission (CAC). Four prominent vehicle leasing companies: Cashlink Leasing Plc (CLP), NIKKY Taurus Ltd (NTL), C & I Leasing (CIL) and SAMTL Leasing Ltd (SLL) were purposively selected for the operating characteristics and challenges of the leasing companies. 298 structured questionnaires were administered to the staffs of the selected companies seeking the types and forms of lease and challenges encountered in the course of operation using stratified and simple random samplings techniques. Vehicle leasing started in Nigeria from 1986 with the likes of pine hill leasing, Cashlink leasing, VT leasing in Lagos. Within 1986 and 2018, it has spread to 23 different urban cities and the number has increased to 297 companies in 2018. Operating and finance leases exist in the industry with majority of 91.6% of the companies practice operating lease. The staff strength and fleet size level of the leasing companies varies overtime but positively significant to their operations. However, poor pricing of lease service, inadequate finance of vehicle, default in payment of rental charges and high cost of maintenance minimize leasing service efficiency and effectiveness. It is recommended that government should provide subvention for vehicles acquisition, face-off of racketing vehicles from cites and legislate policy to regulate operational activities (entry and exit) of the companies. leasing companies Nigeria operating characteristics vehicle leasing lizing podjetja Nigerija značilnosti poslovanja lizing vozil true false true Angleški jezik Slovenski jezik Članek v reviji 2024-08-22 14:31:09 2024-08-22 14:35:48 2026-05-06 11:57:47 0000-00-00 00:00:00 2019 0 0 str. 71-84 št. 1 Letn. 10 Jun. 2019 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 2019-06-28 658.14:656 134338563 10.2478/jlst-2019-0006 2232-4968 https://sciendo.com/article/10.2478/jlst-2019-0006 1 71bcfe18-6082-11ef-bd3a-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=183061 RAZ_Solanke_Muse_Olayiwola_2019.pdf RAZ_Solanke_Muse_Olayiwola_2019.pdf 1 1C649D85D542863F67EA15613FF3A4F3 408637ab8687b4e52fd82d2e8f2cfa393a96172989a04cd97dd7ed1f65e77619 6c2198e7-6083-11ef-bd3a-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=183063 Fakulteta za logistiko Logistics, supply chain, sustainability and global challenges 0 0 0