Wike Commissions 50 housing units in Rivers

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Rivers state has stepped up action in its efforts to make housing affordable to the middle and low-income earners with the commissioning last week of  50 medium income housing at Iriebe Satellite Town at the outskirts of Port Harcourt in Obio/Akpor Local Government.

The state ministry of Housing will sell the housing units at affordable prices to middle-income people in the state.

Adequate housing has been an issue to Nigeria and which the World Bank put the deficit in the country at 17 million which the country will require N59.5 trillion to bridge. This figure underlines the vast and untapped investment potential of the country’s real estatesector.

Equally, the Federal Mortgage Bank of Nigeria said N56 trillion will be required to adequately meet the housing needs of Nigerian

 UN Habitat in its report also noted that 35 per cent of the world’s rural population lives in unacceptable conditions while, overall, more than two billion people are in desperate need of better housing.

The project is meant to mark the 100 days in office of Governor Nyesom Wike which the governor said  he was happy that the commissioner for Housing, Emma Okah and his team were able to complete the project ahead of time.

Governor Wike said: “I want to see people occupy these flats in the next two weeks at affordable prices.  My government is not a business organization. My Government is here to provide welfare support for the citizenry for the betterment of their lives.”

He said he would ensure that all promises made to the people during his campaign tours were fulfilled.

Speaking earlier, the caretaker chairman of Obio/Akpor Local Government Area, Bright Amewhule, thanked Governor Wike for matching his words with action.

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