Business
Demolition Hammer Dangles On Abonnema Wharf
The demolition bulldozer will soon get to the Abonnema wharf area of Port Harcourt in the on-going urban renewal exercise and the systematic returning of Port Harcourt to its original Garden City status.
Sources at the ministry of urban development, said that the final stage of negotiation with owners of properties in the area was being carried out.
It was gathered that the family of late Chief Marshal Harry is in the fore-front in the negotiation process, as they are believed to be the highest owner of properties in the area.
Late Marshall Harry, according to sources is in control of about 60 percent of properties in the Abonnema wharf area, and that a high level negotiation was still going on between the state commissioner for urban development, Dr. Tammy Danagogo and the family. It was learnt that as soon as compensations were fully paid, the demolition exercise will commence.
The delay recorded in the process of negotiation, it was gathered, followed variation that was later introduced by the family of the late chief, reviewing the value of the properties up-ward to meet with the current realities in the property value.
It would be recalled that the Ministry of Urban Development’s on-going demolition of some structure in Port Harcourt is aimed at returning Port Harcourt to its original Garden City status.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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