The Nigerite Staff (Ikeja) Co-Operative Multipurpose Society has officially entered the real estate sector to diversify investments and enhance members’ financial stability.
The society’s President, Olarenwaju Kazeem, announced the development during the 2024 Annual General Meeting and Account Report, held last weekend in Lagos.
He emphasized that the new venture would generate significant returns, creating sustainable income beyond traditional savings and loan services offered to members.
“We are excited to announce our entry into real estate, a crucial sector for economic development and sustainable financial growth,” he stated.
“This initiative will not only strengthen our members’ economic standing but also provide access to affordable housing and commercial spaces,” he added.
The Nigerite Staff Co-Operative Society has offered financial services for years, providing loans and other benefits to eligible registered members.
Expanding into real estate will enhance its impact, ensuring long-term investments while boosting financial security for cooperative society members.
Kazeem stressed the advantages, including competitive interest rates on housing, car, and business loans available to registered cooperative society members.
“We are committed to innovation, financial security, and long-term value creation for every member seeking sustainable investment opportunities,” Kazeem assured.
“This project is just the beginning, as we continue to explore new opportunities to benefit our members financially,” he concluded.
