Kakata, Margibi County –The National Social Security and Welfare Corporation (NASSCORP) over the weekend dedicated its Kakata, Margibi County regional office valued US$400,000. It contains a service center and a residential area.
Report by Henry Karmo – [email protected]
According to NASSCORP management, they intend to build similar structures in all county capitals where the corporation’s regional offices are located around the country.
The new structures would contain banking facilities for lease to potential banking institutions.
The dedication of the regional office, according to NASSCORP, is in fulfilment of its decentralization program and its desire to perfect the social security system for the benefit of the Liberian people throughout the country.
Director General of NASSCORP Dewitt VonBallmoos said the chief function of the company social security agency is to devise means that compensate enrolees for the loss of their natural ability to earn an income, due to work related accidents, occupational disease, old age, invalidity or death.
He said, his administration as NASSCORP has embarked on a number of investment projects in many parts of the country, mainly in the areas of real estate ventures.
VonBallmoos said: “Let me inform you that our real property represents 72 percent of the corporation’s portfolio that includes the Paynesville commercial complex at the ELWA junction, leased to the Liberia Revenue Authority (LRA); residential properties in Buchanan, Grand Bassa County, a 16-bedroom guest house in Voinjama, Lofa County.
“In order to alleviate the problem of leasing, the corporation has undertaken the acquisition of land in the various counties to construct regional offices and residences.
Eventually adopting this strategy, NASSCORP will have no reason to lease private buildings for its offices and residences so that money spent on rent would be redirected to other profitable investments.
This, in turn, would help to sustain the solvency of the social security program.”
VonBallmoos further said extending social service to all parts of the country is his administration’s principal objective.
The Kakata NASSCORP dedication program was graced by several officials of Government including Vice President Joseph Boakai.
Making remarks the Liberia Vice President and standard bearer of the Unity Party said, the project is a dividend of peace and stability.
“If you have peace this is what you have. We are also seeing what it means to have the right people at the right place at the right time. We have people who know what it means to do something for the country.
Thank you for the commitment to your country and for your dedication.
This is going to add to the steps already taken to alleviate the difficulties faced by our people out of Monrovia to have access to quality basic services,” Vice President Boakai said.
