Ijarah and Its Economic Benefits for Nigeria - Attahiru Maccido
Ijarah also known as Leasing is an agreement that permits one party (the lessee) to use an asset or property owned by another party (the lessor) for an agreed-upon price over a fixed period of time.
Nigeria's huge infrastructure with 17m housing deficit requires long-term capital and sustainable financing.
The concept of Ijarah has been described as a key vehicle for achieving economic empowerment and infrastructural development in Nigeria such as affordable housing, healthcare services, educational services amongst others.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features the Managing Director of One17 Capital Limited Mr. Attahiru Maccido. He speaks on the concept of Ijarah, expenses incurred, and its value to the Nigerian economy.