Business
Housing Co-operatives, Good For Civil Servants – Practitioner
As the struggle to own
personal houses persists in Port Harcourt, especially among the workforce in the public service, a real estate Practitioner in Port Harcourt, Benjamin Oti, has said that a properly planned civil servants housing cooperative will help government workers achieve the desire to own their personal homes.
Speaking in an interview with The Tide in Port Harcourt, Oti, who is a member of the Nigerian Institution of Estate Surveyors and Valuers, Rivers State branch, said that though no housing cooperative exists yet in Port Harcourt, there are several housing cooperatives in Lagos.
He said that the essence of the housing cooperative is for people that have similar housing interests to group themselves together, pool their resources together, buy land and sell and as well as build houses and sell.
According to him, the beauty of this cooperative is that the little that is being contributed by individuals can be put together to make bulk money, which could be used outrightly to undertake developmental projects.
Oti, a Chartered Valuer explained that in a few years of proper execution of their programmes, many people will own their own homes on good terms and conditions.
He described the operations of housing cooperative as “Crystal Gazers” where they look at the future and look out for a potential satellite or urban area to buy properties, which they sell later to recoup their money and make gain.
“Civil Servants need to pull their resources together so that they can achieve their plans of home ownership, but when they depend on other groups for development, they will see that the cost to own a home will be high, even beyond the reach of low and middle income earners”, he said.
The estate expert however maintained that with proper planning and execution of the civil servants housing cooperative, with amortization period being worked out for any of the beneficiaries, it will no longer be a near impossible thing for a public servant to own homes, especially those in the low and middle-income group.
Oti also expressed dissatisfaction over the situation where people rush to the villages to buy land and build houses where there is no planning, but pointed out that such will create problems in the future when development gets to the place, as roads and other infrastructures will be built.
Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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