Tuesday, October 21, 2025
24.1 C
Lagos

Greater PH, Masta Services to Build Airport City Housing Project

L-R: EMMA OKAS WIKE – CHAIRMAN, BOARD COMMITTEE ON INVESTMENTS REPRESENTING BOARD CHAIRMAN, CHIEF FERDINAND ALABRABA MAKING HIS OPENING ADDRESS WHILE AMB. DESMOND AKAWOR, ADMINISTRATOR, GREATER PORT HARCOURT CITY DEVELOPMENT AUTHORITY WATCHES.

With a strong resolve to ensure that one of the core focus of the Greater Port Harcourt City Development Authority (GPHCDA) of reducing Urban slums by mitigating the housing needs of Port Harcourt residents is realised, the Greater Port Harcourt City Development Authority has signed a Public Private Partnership deal with Masta Services Company Limited, a major wholly indigenous building, construction and engineering company to kick-start the construction of 2000 Units of Modern, Smart Residential Buildings within the proposed PH AIRPORT City.

At a brief signing ceremony at the Authority’s head Office, the Administrator of Greater Port Harcourt City Development Authority, Amb. Desmond Akawor, emphasized that the significance of the signing of the deal will rather be seen as a challenge to ignite the New Rivers vision coming on the heels of a recent award to the governor.

He also reiterated that one of the priorities of the Administration of Governor Nyesom Ezenwo Wike is to provide quality yet affordable shelter for the citizens in line with the United Nations Habitat Agency Charter which recently earned the governor a recognition award in the United States for his outstanding contribution in a category named Sustenable Cities and Human Settlements Awards (SCAHSA) which was given in recognition of Governor Wike’s outstanding achievements in the area of Urban Renewal, Sustenable Cities and provision of basic amenities to the residential areas of low-income earners.

He also promised the Authority will ensure total cooperation in providing enabling environment necessary for the realization of the delivery of the project within its scheduled time-frame.

Similarly, Mr. Emma Okas Wike, Chairman, Board Committee on Investments who represented the GPHCDA Board Chairman, Chief Ferdinand Alabraba also assured the investor that Rivers State in general and particularly the areas already designated as the PH AirportCity located near the International Airport is a safe haven for investors contrary to perceptions of insecurity held about the state.

He therefore lauded Masta Services for its confidence in the vision of Greater Port Harcourt City Development Authority and the Rivers State government while also encouraging other investors to leverage the opportunities for investment across various areas within the Greater Port Harcourt City.

In his response, Managing Director and Chief Executive Officer of  Masta Services Company Ltd, Bldr. Ugo Ohuabunwa, thanked God for this epoch making event and expressed his delight with the formal signing of the deal while assuring that every segment of Residents of Rivers state and the host community in particular irrespective of social and economic status have been factored into the overall project as it will accommodate from the High low- income to High High- income earners to own affordable modern Apartments within the PH AIRPORTCITY which will invariably guarantee a sense of belonging to all stakeholders.

Ohuabunwa also assured that the project targets to provide over 3000 employment opportunities during the construction period and after, thereby boosting and transforming the Economy of the adjoining communities and the State in general.

According to the Director of Communications and Marketing of the Greater Port Harcourt City Development Authority, Adebayo Adeoshun, the deal signed between the Greater Port Harcourt City Development Authority (GPHCDA) and Masta Services Co. Limited is aimed at boosting provision of modern and affordable housing stock in Port Harcourt.

The Project which will be delivered in phases of 500 Units each, shall be Built on 85 hectares of land which has been delineated for this purpose shall comprise of detached duplex 4Bedrooms Duplex and Terraced Houses, 1, 2 and 3-Bedroom Apartment Buildings.

The PH AIRPORTCITY shall also provide logistic Services base to Support the nearby International Airport Businesses including Tourism facilities.

The entire PH AIRPORTCITY is planned to be fully self reliant in Power, Water and Waste Management Facilities serviced with Schools, Medical, Fire Fighting, Police Posts and other Security systems, wide bodied Asphalt roads with sufficient provision for Greens and recreation Parks.

The PH AIRPORTCITY is located near the International Airport and within the PHASE 1A Area of the Greater Port Harcourt Development Area which covers an area of 2, 500 hectares.

spot_img
spot_img
spot_img

Hot this week

When Transparency Becomes Luxury: INEC and ₦1.5bn FOI Controversy

By Chike Walter Duru When the Independent National Electoral Commission...

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

  No fewer than 578 young entrepreneurs across Nigeria have...

Polaris Bank Reinforces Commitment to Exceptional Customer Experience at Global Trade Forum in Ibadan

Chris Ofikulu, Executive Director, Retail & Commercial Banking, Polaris...

Fidelity Bank Bags Awards for Best Export, Trade Support and Innovation

  Fidelity Bank’s market leadership has been affirmed once again...

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Topics

‘Digitalisation Will Enhance African Economies’

The annual Economic Commission for Africa Conference of African...

Fidelity Bank Improves Ease of Revenue Collection with Tax Booths

As part of initiatives towards increasing efficiency in revenue...

ADB: Strategies for Africa’s Transformation at 2016 Annual Meetings

The African Development Bank Group will unveil its new...

Google Slashes Political Lobbying to $3.8m

Google slashed spending on lobbying by 25.5 percent in...

NCC, SEC, NASENI CEOs to Discuss Business, Economic Recovery at WES 2024

All is set for the annual WorldStage Economic Summit in Lagos...

Stanbic IBTC Bank PMI: New Order Growth at 7-month Low in June

June data signaled a broad stagnation of the Nigerian...

NLNG: Sophia Horsfall Resumes as GM, External Relations, Sustainable Dev

Dr. Sophia Horsfall, the former Manager of Corporate Communications...

‘74% of Nigerians Invest in Crypto-currency for Family Upkeep’

Luno, the leading global cryptocurrency company, has revealed in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img