The top management of ASO Savings & Loans Plc will on Tuesday April 24, 2012 join the Honourable Minister of Lands, Housing and Urban Development, Mrs. Amal Pebble to officially perform the Ground Breaking ceremony for the proposed Lugbe Social & Affordable Housing Scheme in Abuja.

The ceremony will be witnessed by top government dignitaries; senior officials of ASO Savings & Loans Plc, representatives from the organised labour, guests from the diplomatic community and members of the press.

According to an official statement, the Lugbe Social & Affordable Housing Scheme is one of the pilot projects that the Federal Government through the Federal Ministry of Lands, Housing & Urban Development has embarked upon towards meeting the housing needs of low income Nigerians who reside in the federal capital territory, Abuja.

On the other hand, ASO Savings & Loans Plc, as part of its corporate objectives to create platform for affordable homes for Nigerians across the nation, has partnered with the Federal Ministry of Lands, Housing & Urban Development to ensure successful take off of the project which is currently at the pilot stage.

The Lugbe Social & Affordable Housing scheme will be constructed on a 1.5 hectare land, donated by ASO. It is located on Plot 553, Lugbe District in Abuja.

ASO is driving the development of the pilot scheme through its property firm, ASO Investment and Development Company (AIDC).

ASO Savings and Loans Plc is a Primary Mortgage Institution (PMI), incorporated in Nigeria as a limited liability company on November 9, 1995 and converted to a public liability company (PLC) on September 22, 2005.

It is regulated by the Central Bank of Nigeria. As a primary mortgage institution, ASO focuses primarily on mortgages for individual and businesses. Though mortgages are its primary focus, ASO focuses on other banking activities, with a heavy emphasis on generating savings and its flagship product is the My House Savings Account.