KAKATA, Margibi – The National Social Security and Welfare Corporation, known as NASSCORP, has dedicated its US$400,000 region four headquarters in Kakata, adding to other properties owned by the agency.
The regional complex will also host the private financial services firm, GN Bank.
Delivering a special statement at the dedication ceremony, NASSCORP’s director general, s, said the Kakata regional office is a fulfillment of the agency’s quest to achieve Liberia’s post-war infrastructure development goals.
The agency has focused on investing in real estate in order to raise the necessary revenue to support payment of benefits to enrollees of its program. NASSCORP was founded to compensate enrollees for the “loss of their natural ability to earn income due to work related accident, occupational disease, old age, disability, or death,” Ballmos said.
As part of the plan to invest in real estate, he said the corporation had begun acquiring land in various counties to construct regional offices and residences.
“Eventually as part of this strategy NASSCORP will have no reason to lease private buildings for its offices and residences, so money spent on rent will be redirected to other profitable investments,” the NASSCORP director general noted.
Garrison Yealue, the chair of the House Committee on State-Owned Enterprises, commended NASSCORP for undertaking development initiatives across the country.
“This project and other projects you are doing is a long range sustainable development project that will help move this country forward,” Yealue said.
Making official remark on behalf of the executive branch, Vice President Joseph Boakai said the real estate investments being carried out across the country are the dividends of having peace and stability. Without peace and a stable environment, he said, Liberia’s development would be elusive.
He further noted that the performance and competence of the management team at NASSCORP was evidence of accountability in the government.
Featured photo by Richard Baysah