Wigwe University: Man Says Cost of Plot of Land Around School Has Increased From N700k to N2 Million

• A Nigerian man has said a parcel of land around the Wigwe University campus in Isiokpo has become expensive
• The man said the school has dramatically increased the value of land in the area in Rivers state
• He further disclosed that plots of land which sold for N700,000 around Wigwe University last year now go for N2 million

A man said the citing of Wigwe University has increased the value of plots of land in Isiokpo.

The man made a post on Facebook noting that the cost of land around the Wigwe University campus is no longer the same.

In the post, the man, Amadi Harry Excellent said a plot of land in the area used to cost N700,000.

However, he said after the establishment and kick-off of the Wigwe University, the value of land appreciated.

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He said a plot of land has increased from N700,000 to N2 million within a space of one year.

His words:

"The vision remains unstoppable. This is Wigwe University, a center of excellence. Last year, we strategically launched Citycore Phase 1 right beside this landmark institution, offering plots at an introductory price of just ₦700k. Today, the value has surged, and the same plots are now worth ₦2 million!"

Some people who commented on the post agreed that Herbert Wigwe, the late Access Bank CEO who founded Wigwe University, had a great vision.

Reactions trail post about Wigwe university surroundings

Pastor Chioma Ministries said:

"Great news."

Egberipou Mishael said:

"Well done Excellent."

Mene Suanu said:

"Land banking will help you edge against inflation definitely."

Samson Bankole said:

"That man had great vision o!"

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Landlord reduces house rent for his tenants

In a related story, Legit.ng reported that a Nigerian landlord who owns a house in the Federal Captial Territory, Abuja, has done something rare.

The man reduced the amount he is charging his tenants for rent, and this has attracted many praises.

According to the story, the man reduced the house rent from N450,000 to N300,000 to ease the burden on his tenants.

His tenants were said to have been elated by the positive development.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng