Resort Savings to extend operation to five more states

Managing Director of the company, Mr. Abimbola Olayinka, who disclosed this to our correspondent in an exclusive chat, said RSL is “seriously preparing to start up business operations in Ilorin, Kano, Owerri, Aba and other locations that are in dire need of such services.”  Describing the mortgage sector as “a new development in Nigeria, which […]

Managing Director of the company, Mr. Abimbola Olayinka, who disclosed this to our correspondent in an exclusive chat, said RSL is “seriously preparing to start up business operations in Ilorin, Kano, Owerri, Aba and other locations that are in dire need of such services.”
  Describing the mortgage sector as “a new development in Nigeria, which is gradually gaining momentum in the economy,” he, however, observed the need for concerted efforts among operators, in conjunction, with the Federal Government, to create the needed awareness on how Nigerians, especially the middle class could key into the programme.
    We want to add value and create wealth for the nation; this is the reason we are currently contemplating to start up business operations in Ilorin, Kano, Owerri, Aba and other locations that are in dire need of our services,” the RSL Managing Director said.
  Olayinka stressed his company’s concern about the seeming lack of awareness and exposure to the enormous potentials of the mortgage sector with regards  to “alleviating the  needs of Nigerians through mortgage services that will ensure they become house owners and not house tenants.
  “An average Nigerian,” he said, “ builds a house for five to six years; but the whole concept changed overtime such that , instead of saving and building for over five or six years, you can move into a house now, stop paying your rent and enjoy good facility ; you can also enjoy capital appreciation on the property from the first day you purchased it,” Olayinka said.
   According to him, the knowledge of this potential propels the RSL’s branch network expansion to other States to help more Nigerians access the services. He added that the move would also entail establishment of cash offices that would remove the natural barrier of distance.