Nigeria housing crisis: CEO calls for government action, showcases affordable luxury model

The federal and state government authorities have been urged to take necessary steps in order to make housing affordable to the generality of the Nigerian populace, who are facing housing crisis.

Handing down this challenge is the CEO of LuckyBay Homes, Ujomu Lucky Ikechukwu, who hinted that the company will continue to provide affordable luxury homes to Nigerians, despite the economic hardship in the country.

The real estate industry in the country has continued to grow, regardless of the harsh business environment in Africa’s most populous nation, with big players such as LuckyBay Homes, leading the drive to ensure that citizens have decent homes to call their own.

Traceable to the growth of LuckyBay Homes and the impact it has made in Nigeria and Africa’s housing sector, is the passion of the managing director, who revealed that championing a revolution in housing deficit in the country, has always been his dream, long before venturing into the business.

The company of Ujomu Lucky Ikechukwu has undertaken landmark projects in the country, one of which is developing two five-bedroom duplexes in Lekki Palm City Estate, Ajah, Lagos. The accomplishment recorded four years after the company began operation, heralded it as a massive competitor in the industry. It currently has competitive presence in Abuja and Lagos where it is developing properties, and onboarding plans to expand to other cities in the country.

Ujomu Lucky Ikechukwu, who hails from Delta State, started from little beginnings as a real estate broker in 2009, before founding the property development firm in 2013. Less than 11 years on, he has built one of the biggest brands in the real estate sector on the continent, despite challenges such as unfavourable government policies and unsavoury economic environment in Nigeria.

“Despite the challenging economic environment of the country, LuckyBay Homes did not give up or lose our focus on affordable luxury houses, and as a result, it has grown into what it is today, as one of the best real estate development companies in Nigeria”, stated Ujomu Lucky Ikechukwu

The 47-year-old LuckyBay Homes managing director is equally a renowned philanthropist. He has unequivocally on several forums, advocated the deliberate involvement of government in the provision of housing for the masses, as part of improving the welfare of the people and ending poverty in Nigeria.

“Government cannot continue to ignore the housing problem in the country. The sector has been driven for a long time by private-sector developers and investors. It is high time the government intervened with tenable policies and funding to help tackle the affordable housing problem facing the masses,” Ujomu Lucky Ikechukwu said.