Business
Real Estate Company Harps On Property Ownership
The Mayor of Housing, LifeStyle Hub, Mr My-Ace China, has said that property ownership is key to investment and survival of man in life.
China said this at the Port Harcourt Lovers Special Incentives Dinner organised for members of Port Harcourt Chamber of Commerce, Industries, Mines and Agriculture (PHCCIMA) and others, last Thursday in Port Harcourt.
According to him, property ownership is paramount to any investment because generations unborn would benefit from it.
“Even foxes have hole and the birds have nest. If you don’t own a piece if the earth, you are not part of the earth. If you don’t have a home to call your own, you have not started”, he said.
Describing its social funding package as its selling point, he said the package allows a prospective buyer to own N150 million worth of property at a low cash of N2 million, N4 million or N16 million one time payment.
On the late appearance of the company in Port Har-court, China said that the company was not prepared to tell stories in the city, but to show something tangible.
According to him, an organic growth has to commence at a point, thus the decision to show itself in Port Harcourt after a successful trial in cities like Abuja and others.
“2021 is for expansion. We decided to do due diligence work before coming to Port Harcourt and not to come with a prototype”, he explained.
In his reaction, the President of PHCCIMA, Chief Nabil Saleh, pointed out that there was a lot of benefits in the chambers for business operators.
Saleh, who eulogised the efforts of the Mayor of Housing, assured of good partnership between the chambers and the company for a better business synergy.
On his part, the President of Nigeria Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA), Hyke Ochia, blamed part of the challenges in investment on what he described as ignorance of the existing product.
Ochia also reasoned that such brilliant opportunity from the Mayor would have been lost, if such platform was not provided, and called for more of such opportunities.
The Tide reports that LifeStlye Hub has, within its three years of existence in real estate business, built over N10 million business net worth
By: King Onunwor
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The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
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“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU