The Aso Savings and Loans Plc has stated that it would finance 100, 000 housing units in the country over the next four years.
The Managing Director of the mortgage institution, Hassan Musa Usman said this yesterday at the ground breaking ceremony of the Lugbe Social/ Affordable housing scheme in Abuja.
He said it was the aim of the institution to provide the Nigerian populace with access to affordable housing scheme and viable mortgage options, adding that the Lugbe housing scheme was intended to facilitate the acquisition of inexpensive houses by low income earners in the society.
“Aso Savings is determined to partner with the Federal Ministry of Lands, Housing and Urban Development and the Federal Mortgage Bank of Nigeria (FMBN) to accelerate the provision of affordable housing in the country. Working in partnership with the ministry, we expect to finance the development of at least 100, 000 affordable houses over the next four years. With the right environment, we are confident that it can be achieved.
Amongst others, this will require the passage of supporting laws to enable seamless force closure of devastated properties, allow faster consents for property transfers as well as a more stable macro- environment with lower interest,” he said.
In her address, the Minister of Lands, Housing and Urban Development, Ms Ama Pepple said the housing scheme was one of the first of good things to come in the effort to revitalize the housing and urban development sector. “In this regard, we shall draw inspiration from this project and continue to work collaboratively with all relevant stakeholders in the housing and urban development sector to move it forward”, she said.