Business
Flight Ticket Soars Again At PH Airport …As UBA Pays N24m To Resume Operations
The price of flight ticket has gone up again at the Port Harcourt International Airport, Omagwa.
The Tide’s findings show that the air operators have again increased the flight ticket by another 100 per cent.
The Tide reported three weeks ago that the flight ticket was increased by 100 per cent by airline operators.
With the latest development, the cost of flight tickets for both classes (business and economy) has now gone up by 300 percent.
Findings on Monday showed that the flight ticket for economy class for all airlines that was increased from between N30,000 and N35,000 to N60,000 and N65,000 in November, now goes for between N80,000 and N90,000, for both Port Harcourt-Lagos and Port Harcourt-Abuja routes.
Also, ticket for business class for Port Harcourt-Lagos and Port Harcourt-Abuja routes which was increased from between N60,000 and N70,000 to N100,000 in November, now goes for between N130, 000 and N140,000.
One of the travel agents at the Port Harcourt Airport, Kingsley Ogbonna, told The Tide that the new increase was as a result of inadequate number of airlines for operations, coupled with more passengers that made demand for air tickets.
According to him, there is already scarcity of flight tickets because of pressure from travellers, with few aircrafts that are available for operations.
Meanwhile, a staff of one of the airlines operating at the airport, Mr Chinedu Okonkwo, told The Tide that airlines were currently having the challenge of maintaining their aircrafts which, according to him, was one of the fallouts of COVID-19.
Okonkwo said that airlines were hoping to receive a bail-out fund from the Federal Government.
According to him, the only option for airlines to survive during the Yuletide was to increase price of flight ticket to enable them maintain their aircrafts.
Meanwhile, the United Bank for Africa (UBA) that was sealed by the Airport Authority has been reopened for operations.
One of the senior managers of the bank who craved anonymity told The Tide that the bank paid N24 million to the airport as annual rent of the space before they were allowed to reopen for business.
By: Corlins Walter
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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).
