Wednesday 1 May 2013

NAMA Cooperatives record significant increase in 2012

Aviation Nigeria

President of NAMA Staff Cooperatives and Investment Society,Mr Edino Amos has stated that the savings of Nigerian Airspace Management Agency(NAMA) cooperatives society rose from N88m in 2011 to N130m in 2012.

He made this assertion while speaking at the 11th Annual General Meeting of the society, adding that the amount of loans disbursed to members was over 40% in the year under review.

Amos noted that 2012 remained one of the challenging years but with determination and dedication the cooperative was able to scale through with a significant achievements.

The Cooperative and Investment Society has been able to assist members and imparted positively in meeting up with their obligations through securing loans at a very low interest rate.

The president also added that the cooperative had recorded N11..2million in profits during the year


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