Rainbow Housing Estate Opens Frontiers For Business Activities

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The Abuloma road axis of Rainbow community, a suburb of Port Harcourt, capital of Rivers State, is fast becoming a haven for commercial activities as traders compete for available space within the neighbourhood of Rainbow Housing Estate project.

Though, Rainbow community, which is far from being a central commercial district like Borokiri and Diobu areas in Port Harcourt metropolis is today a unique attraction for petty traders and food vendors.

Investigation conducted by The Weekend Tide revealed that the commercial face lift of Rainbow community is due to the Rainbow town Development project by the Rivers State government and First Bank Plc under public private partnership arrangement.

It was gathered that about six construction companies executing the housing estate project mobilised their workers to the site of the project thereby throwing up the community as a district for commercial activities where traders scramble for spaces to display their wares.

When The Weekend Tide visited the Housing Estate project in March this year, commercial activities in the area were only carried out along the fence of the housing estate especially the Abuloma road axis.

However, The Weekend Tide second visit to the on-going Rainbow Town Development project on Wednesday, revealed that the commercial activities have expanded to other streets within the housing estate development project as wooden doors, windows, frames and also sizes of roofing woods including aluminum were on display.

Other wares are unisex shoes, hand bags and clothings as well as food vendors who operate in make-shift structures.

Some of the traders who spoke with The Weekend Tide on condition of anonymity said that the Rainbow Town Development offered ample opportunities for the traders to establish their businesses within the neighbourhood.

According to the traders, they make large sales daily due to heavy presence of the workers of the construction firms who patronise their goods.

Tongues are now wagging over who authorised the establishment of the emerging market in the Rainbow housing estate neighbourhood at a time the present administration under the leadership of Hon. Chibuike Amaechi placed ban on illegal market, street motor parks and trading spots in Port Harcourt City Council and its environs. 

It would be recalled that The Weekend Tide edition of March 6, 2010 on page 27 carried a story with  the caption, “Mini Market Takes Over Rainbow Housing Estate fence” in which it alerted the government on existence of trading spot on the fence of the multi billion naira Rainbow Town Development Scheme.