By Emeka Samuel,Uyo
The Akwa Ibom community in Lagos has hailed Governor Umo for the foundation-laying of the 19-storey Ibom Towers in Lagos.
Under the aegis of Akwa Ibom Alliance for Good Governance, the group said the Ibom Towers project portrayed Eno as a leader with foresight and well-informed enough to timely key into the the real estate business which is the rave of the moment in Lagos.
The statement signed by the Chapter President Engr Godwin Okon and made available to newsmen on Wednesday in Uyo noted tht no investment could be compared to the prospect and projected gains of a real estate business.
“The decision of Governor Umo Eno to build a 19 storey ultra modern commercial tower to replace the old, dilapidated and moribund Governor’s Lodge at Victoria Island, Lagos is a well thought out idea. We celebrate and appreciate him for playing Akwa Ibom State into the big league.
“This spirit of investment will bring our State to be at par with other economically viable States in Nigeria. And if we must mention, Lagos State is number one. What makes Lagos a cente of excellence is the wisdom of the leaders in investment. This is more pronounced in real estate business.
“In Nigeria, the real estate market market is anticipated to achieve a value of US$2.42tn by 2024.
Among the various segments within the market, residential real estate holds the largest share, with a projected market volume of US$2.08tn by 2024.
“Over the period of 2024-2029, the market is expected to exhibit a compound annual growth rate (CAGR) of 7.10%, resulting in a market volume of US$3.41tn by 2029.
“Amazingly, the real estate market in Nigeria is experiencing a surge in demand for luxury apartments in major cities. First of all, Akwa Ibom State is even very lucky to have have a property in such choice area. Real estate is the best investment, and Lagos is an excellent destination.
“The real estate business is more pronounced in Lagos because there is the economic powerhouse of Nigeria with prospects from the diplomatic community, multinational companies coupled with its advantage of population. Or have they also forgotten that Lagos is a former capital of Nigeria?
“As people who have lived for varying number of decades Lagos, we are the best people to give credible opinion on the idea of a real estate business in Lagos State, Governor Umo Eno is on track, and must be commended.”It said.
The group which also made a reference to other real estate efforts of the Governor aso ended him for the ARISE Estate in Ibesikpo Asutan LGA, the Dakkada Luxury Estate, the Emily Estates in Uyo and the proposed Aviation Estate in Uruan.
They also commended Eno for the various programmes and initiatives of his administration, especially the ones that are targeted on youth development and empowerment.
“Let us specifically thank him for the Akwa Ibom youths employment portal recently launched. We in Lagos State here have already registered, and it gives us that sense of belonging and pride that our own State is not relegated to the background in terms of creativity and innovation.
“We are also aware of the compassionate homes, food distribution programme to the vulnerable and other programmes aimed at alleviating the poverty prevailing in Nigeria.” The group enthused.
It further hailed the governor on the Ibom-LED Entrepreneurship Accelerator Programme and the aggressive rural development as well as drive and vision for food sufficiency.
“We therefore pledged our unalloyed support for the governor to achieve the various good projects he is pushing to make Akwa Ibom State to be the envy of all States.”The statement concluded.