Business
Bizman Tasks RSG On Workers’ Housing
An investment executive, Mr Cletus Okeha, has called on the Rivers State Government to assist in providing fixed asset bonds for its workers to enable them procure their own houses.
Speaking in an interview with The Tide in Port Harcourt, Okeha who is the chief executive of Unichyd Finance & Investment Limited, stated that the bonds could be fronted through the state-owned Pabod Finance & Investment Company.
According to him, the repayment period could be made to last between 10-15 years within which the amount is deducted from the salaries of beneficiaries.
Okeha further posited that Pabod Finance which was established to undertake such functions should first be made to function properly, pointing out that this outfit could bridge the gap in providing fund for workers to build their own houses and in turn, generate profit over time.
A situation where civil servants in Rivers State, especially indigenes of the state remain perpetual tenants to shylock landlords, according to him, totally unacceptable.
The investment expert referred to Lagos and a few other states where workers have been encouraged by their respective state governments to own houses.
He also explained that if Pabod Finance is property funded and managed about two decades the pathetic housing situation in Port Harcourt will have recorded very significant improvement.
Corlins Walter
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