Business
PH Needs One Million Housing Units – Expert
To meet the growing demand for housing in Port Harcourt and its environs, an Estate Valuer, Joseph Ekanem, has said that about one million housing units are needed to cater for the geometric increase in population within Port Harcourt.
Ekanem who spoke to The Tide in a chat in Port Harcourt, especially on matters of increasing demand in housing and rent, noted that enough had not been done or recorded in the housing supply in Port Harcourt and its environs.
On how this can be realisable, Ekanem, an estate value and the principal partner of Joebless Associates, said that the public private partnership option may yet be the way forward, since neither government nor private individuals will be capable to carry the burden.
He said, “if we must make progress in this direction of providing housing for all our people, then we must strengthen the mortgage sector, and its advantage is that those living in rented houses today, would still pay as much as they are paying as rent but the difference is that they would be paying towards the eventual ownership of their houses at the end.”
The estate valuer stated that the lack of virile mortgage system had been the reason why many people here have remained tenants and many others homeless, but that the current transformation that is going on at Federal Mortgage Bank of Nigeria (FMBN) would enable subscribers to the National Housing Fund to draw mortgages from the bank.
Ekanem, however, called for the support of Governor Chibuike Amaechi to put more efforts in the housing and estate projects, describing Port Harcourt and its environs as the hub of the Niger Delta, and oil exploration activities with its ever increasing population.
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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