PH Airport City Set to Transform High-End Housing and Economic Growth in Rivers State
The Rivers State Government, in partnership with Masta Services Company Limited, has launched PH Airport City, a luxury, self-sustaining mini-city near Port Harcourt International Airport in Omagwa. The development aims to attract executives, investors, and returning residents, beginning with 2,000 housing units delivered in phases as part of a broader urban renewal strategy.
PH Airport City is led by Masta Rivers Development Company Limited, a special purpose vehicle in which Masta Services holds 70 percent equity and the Greater Port Harcourt City Development Authority (GPCDA) represents the state with 30 percent. The unveiling took place at Hotel Presidential, Port Harcourt, alongside an announcement of a collaboration with the Federal Mortgage Bank of Nigeria (FMBN) to provide accessible mortgage solutions for prospective homeowners.
Masterplan and Scale
The development forms part of the Greater Port Harcourt Masterplan, covering approximately 1,900 square kilometres across eight local government areas. The city is projected to evolve into a modern urban cluster with over two million residents. The mini-city itself will span 80 hectares, with all land titles verified for investors, according to project brand consultant Ade Adeoshun.
Adeoshun described the initiative as a catalyst for unlocking Rivers State’s untapped economic potential, particularly in oil and gas. Managing Director of Masta Services, Arc. Ugo Ohuabunwa, noted that PH Airport City aims to reverse urban flight by providing secure, world-class residential environments for high-value individuals who had previously relocated due to insecurity and infrastructure deficits.
Features of Nigeria’s First Aerotropolis
PH Airport City will be Nigeria’s first true aerotropolis, with the international airport serving as the economic hub. Planned features include:
One- to five-bedroom smart homes
Centralised electronic security and CCTV
Malls and entertainment centres
Fibre-optic connectivity and gas-to-power systems
Central sewage and stormwater management
Extensive road networks and four fire stations
Housing prices start at approximately ₦32 million, with mortgage support available through FMBN and Stanbic IBTC. Notably, the development model does not rely on buyers’ upfront funds to finance construction.
Flexible Mortgage Options
FMBN’s Port Harcourt Branch Manager, Melody Ukwa, outlined diverse housing products, including Rent-to-Own, renovation loans, diaspora mortgage packages, and the National Housing Fund. Homeowners may access tenures of up to 30 years, providing flexibility to broaden participation in the luxury housing market. The GPCDA confirmed that all development standards have been rigorously examined to ensure global best practices in mass housing delivery.
Conclusion
PH Airport City represents a transformative initiative for Rivers State, blending security, luxury, technology, and strategic urban planning. By combining high-end housing with integrated infrastructure and accessible financing, the project is poised to restore investor confidence, reverse urban flight, and redefine urban living in Port Harcourt.
