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Thursday, December 13, 2012

Aso Savings, Cross River in housing scheme partnership

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Aso Savings, Cross River in housing scheme partnership
Dec 13th 2012, 23:00

Aso Savings and Loans Plc, through its subsidiary, Aso Investment and Development Company is partnering the Cross River State Government to construct houses for civil servants in the state.

The firm, has therefore, inaugurated 200 units of two and three bedroom flats in Akpabuyo Local Government, Calabar, in the first phase of its Housing Development Project Partnership with the government of Cross River State.

According to a statement made available to our correspondent on Thursday, the housing scheme, known as CROSPIL Estate, is targeted at civil and public servants in the state.

It said, “There are 200 units of two and three-bedrooms semi-detached bungalows in the first phase of the project. The development of the second phase, comprises of 410 housing units and will commence in January 2013 and completed within the year.”

It noted that the inauguration ceremony was performed by the Honorable Minister of Lands, Housing and Urban Development Ms. Ama Pepple.

Pepple praised the government for being able to hand over keys of the houses to individual beneficiaries on the occasion.

She called on other property development organisations in the country to emulate AIDC and its parent body Aso Savings and Loans Plc for financing the project and providing mortgages for prospective beneficiaries of the housing scheme.

In his welcome address, the Managing Director of Aso Savings & Loans Plc, Mr. Hassan Musa Usman, thanked everybody involved for supporting and working assiduously to make the project a reality.

“This housing scheme is part of Governor Liyel Imoke's transformation agenda to provide affordable housing for the public servants of Cross River State. The government provided the land, title and the necessary infrastructure required for the project. His Excellency was physically involved, supervising the progress of the work on weekly basis,” Usman added.

Speaking further,Usman, revealed that his organisation was collaborating further with the state government to replicate the project in all the local governments in the state with the ultimate goal of developing up to 5000 housing units across the state.

The Managing Director, Aso Investment and Development Company, Mrs.Isoken Omo, said the beneficiaries of the scheme would enjoy mortgages from Aso Savings and Loans ,which would be secured by the Federal Mortgage Bank of Nigeria at six per cent to qualifying contributors to the National Housing Fund and the Co-operative Housing Scheme of the FMBN.

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