Business
Cooperative Housing Society Predict Higher Rent In 2010
The Rivers Housing and Property Investment Cooperative Society Limited (RHPICSL) has expressed fear that there will be acute shortage of houses to meet the growing demand for it, particularly in Port Harcourt and its environs, which will translate to very high cost of rentage in this new year.
Speaking in a chat with The Tide in Port Harcourt, the president of the cooperative housing society, Uche Alete explained that records have shown that there is usually an influx of people to the city of Port Harcourt, and that this people will need accommodation, in addition to those who are already living in the city but might want to be on their own.
Mr Alete who is also a housing and property consultant stated taht with the demolition exercise noticed in Port Harcourt where many people were displaced, coupled with the new year influx into the city, that the pressure now is very high for house and accommodation demand.
According to him, “Those seeking for one room apartment in the Diobu area and town can hardly find, and even when you see one, it is like employment game, and the worst is that some landlords usually take advantage of the rush to demand for three or four years rent upfront, and many cannot meet up.”
In the Mile 4 area and other outskirts of Port Harcourt, Mr Alete stated that the rent for a room that used to be between N3,000 and N3,500 has now gone up to N4,500 and above, and home seekers are compelled to pay an upfront of about two years.
He therefore urged the general public and indeed potential accommodation seekers to understand the principles of cooperative and why it exists, and also take advantage of it to pull their resources together.
According to him “Developed societies, and even the western part of Nigeria had understood the importance of cooperative, and have used it to better their lives and their business, adding that the Rivers Housing and Property Cooperative exists to carter for the housing needs of its members.
He also urged the government at the Local Government level to take the matter of housing for its citizens very seriously, which according to him, is a basic necessity of life and that everybody needs it.
While calling on government to invest more on housing and property, he also urged private bodies to follow suit.
Corlins Walter
Business
NIMASA Marks 2025 Customer Week, Pledges Service Excellence

Business
SEME Customs Foils Smuggling Attempt Of Expired Flour, Seizes N2bn Contraband

Business
LASG UNVEILS GROUNDBREAKING OMI-EKO PROJECT AT FIVE COWRIES TERMINAL

-
Featured3 days ago
Nigeria’s First Lady Flags Off Renewed Hope Health Initiative In Rivers …Targets Measles, Rubella, HPV Vaccination For Children, Women
-
News3 days ago
Digital Infrastructure Key To Nigeria’s Economic Growth -NIEEE
-
News3 days ago
First Lady Charges RHI Beneficiaries To Build Foundation For Food-Secure Nigeria …As 800 Rivers Farmers Receive Agric Empowerment Support
-
News3 days ago
RAAMP: Rivers Rated High In Implementation
-
Nation3 days ago
Rivers Chief Judge Pardon 14 Inmates From Prison To End 2024/2025 Legal Year
-
Nation3 days ago
Cancer Care: Expert Seeks Hospice In UPTH
-
News3 days ago
Use Service Year To Build Capacity, Fubara Urges Corp Members
-
Featured3 days ago
Workers’ Audits Not Meant For Downsizing – Walson Jack