Real estate, new window for youth employment – Entrepreneur

An entrepreneur and real estate expert, Mr. My-Ace China, says real estate investment would create employment and boost the Gross Domestic Product (GDP) of Rivers.

He vowed to key into the vision of Gov. Siminialaye Fubara of Rivers on social housing and infrastructure consolidation.

China made this known on Thursday in Port Harcourt while receiving executives of the Correspondents Chapel, Nigeria Union of Journalists, who came to seek his partnership on their forthcoming Correspondent’s Week.

He lamented the high level of drift from the state, a situation that he said was the result of an overstretched negative perception of insecurity and militancy in the state.

The real estate expert called for collaboration from operating companies, the media, and other stakeholders with a view to improving the economy and quality of life in the state.

According to him, the wrong perception had negatively impacted GDP, but urged companies and individuals to begin to see the state as safe for business as well as leisure.

“If I am to quantify the amount of trillions of dollars that have exited Port Harcourt in terms of capital flight because of the perception that Port Harcourt is not secure, people still do business here, but they don’t live here.

“If you want to understand, on Mondays, go to the airport; you will see the influx to the city, and on Friday, you will also see the exit.

“Even companies that have facilities here in the state would rather have an operational base here and a residential base in Lagos; this is the narrative we are striving to change,” he said.

Earlier, Amaechi Okonkwo, Chairman of the Correspondents’ Chapel, pledged readiness for improved media collaboration in the interest of the state and the local economy.