Business Booms In Eagle Island Over New Road ….Plot Of Land Now Costs N10m

The Eagle Island Road
which was commissioned about a year ago by the Rivers State Governor, Chief Nyesom Wike has pushed the cost of land in the area from N1.5 million to over N10 million per plot.
A former CDC Chairman, Eagle Island community, Mr Charles Wakama Ogbobo, who disclosed this in an interview with The Tide in Port Harcourt, said the road project has opened up more businesses, resulting in a serious boom on land and estate business.
He said: “About ten years ago, a plot of land was sold N180,000 and four years ago it was sold between N1.5 million to N2 million, but today, it goes for between N10 million to N15 million and you beg for it.”
He said the people of the Island would ever remain grateful to the state Governor for the socio-economic turnaround which is being experienced in the area as a result of the commissioned road.
Ogbogbo said the road has attracted so much business interest such that the demand for land in the area is so high and many important persons in the Port Harcourt City now wish to have a space in the area.
Noting that before the road was constructed, many people living in the area had serious security challenges because crime wave was high and it was difficult for security personnel to access the area.
As a result of the poor situation of the area then, he said, those who had land there were not interested in developing the area and batchers were found everywhere as many land owners were giving out their land at the cheapest possible rate.
The former CDC boss, said in the next ten to fifteen years, the island has what it takes to turn to the Victorial Island or Ikoyi status in Lagos State.
“If more land is reclaimed and the Ministry of Urban Development maintains its serious effort in the area, the area will be pursuing V.I or Ikoyi in the next ten years,” he said.
He stressed the need for both land and marine police and also the presence of other security outfits for adequate protection of the area so that more and more important persons will be attracted to live in the Island.

Chris Oluoh