Real Estate Strategist Alerts Rivers, Abia, Akwa Ibom State Govts On Emerging ‘Economic Triangle’

A real estate success strategist, My-Ace China, has called on Rivers, Abia and Akwa Ibom State governments to close ranks to connect Port Harcourt, Aba and Uyo, to create an “economic triangle”

He said if actualised, the economic triangle will surpass the Lagos economic zone due to massive land assets, blue economy and hydrocarbon wealth.

In a statement made available to newsmen in Port Harcourt yesterday, China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.

“Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative,” he said.

The investor stated that the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.

China further stated that Aba provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.

He said with river ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.

The investor said by doing this, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the Port Harcourt-Uyo-Aba triangle.

He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.

China stated that with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the south-south and south east would become the biggest economic nerve in the near future.

He called on governors of the three states to be intentional about the new corridor, put away political differences, if any and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors,