My initial challenges in real estate were funding, land grabbers, says Luckybay Homes CEO
Despite the abundant challenges bedevilling Nigeria’s economy, the real estate sector has continued to thrive, and one of the key players in the industry, Lucky Ikechukwu Ujomu, CEO of Luckybay Homes Nigeria Limited and Luckybay Estate And Properties Limited, has discussed some of the obstacles he encountered in his early days in the industry and how he overcame them.
From the years of little beginnings, Luckybay Homes Nigeria Limited and Luckybay Estate And Properties Limited have become a force in the country’s real estate circle. The companies have blossomed through the vision, cutting edge technology and top-notch architectural designs by which the brands are delivering affordable and luxurious housing to Nigerians.
Luckybay Homes CEO grew in a large family of 12 siblings, of which he is the fifth child. The entrepreneur attended Isunambogu Primary School and Saint Thomas Boy College Ibusa, Delta State, where he hails from. Basic necessities of life, however, became a luxury in his life many years ago, but the vision of the sort of life he wanted for himself, kept him on the track of hardwork, determination and perseverance.
Lucky Ikechukwu Ujomu started from the base of the ladder as a realtor, but boasts today as the CEO of two thriving companies delivering quality accommodation, and meeting the growing housing needs of the people.
In an interview, the native of Ibusa, Oshimilia Local government Area, shared the story of his grass to grace, and how patience through purpose in life helped him to keep sight of where he wanted to be.
“My initial challenge in real estate is funding and land grabbers and wasn’t a good experience but I overcome it through the help of God.
“I was born the fifth child of a family of 12, and I am married with two children. My wife is from Benin, Edo State. I started as a real estate Broker in 2009 and I was able to save enough money to start my first project in 2013 but it was very tough because there was no support, as it took me 5 years to complete my first project which is two 5 bedroom fully detached duplex.
“I sold it between 2017/2018 and that was my major break through. So far, with the help of God Luckybay Homes has grown into what it is today as one of the best real estate development company in Nigeria specialize in building affordable luxury houses. One of the major lessons for all business owners is; you must be smart and you must have patience.
“Growing up, I’d nursed an ambition to work in either oil and gas or the property business. I am driven by my passion for the real estate business”, added the CEO of LuckyBay Hones.
Nigeria, Africa’s largest economy, is currently ranked 131 out of 190 economies in the world on ease of doing business, according to the latest World Bank annual ratings. It is one of the reasons why the country continues to suffer low Foreign Direct Investment (FDI). The young Luckybay Homes boss, who was born on 9th July, 1976, and married to his beautiful Edo-born queen, advised business people on how survive the prevailing challenges in the nation.
“First of all as a CEO, you have to work out your own strategies to push your business and pray to God to guild you because what works for others might not work for you and the Government does not send anybody so in Nigeria, it is all man for himself,” he stated.