• HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH
Sunday, June 26, 2022
The Witness Newspaper
No Result
View All Result
  • HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH
The Witness Newspaper
No Result
View All Result
Home Business

LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022

Stanley Osariemen by Stanley Osariemen
May 24, 2022
in Business, The Nation
How Landwey is delivering its projects amidst time lags, economic challenges
Share on FacebookShare On WhatsappShare On Twitter

In furtherance of its commitment to tackle Nigeria’s housing deficit, Landwey Investment Limited, Nigeria’s largest residential developer, has announced plans to deliver 1000 premium homes starting from the end of the second quarter of 2022.LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022

Shola Bello, managing Director, LandWey, made this known in a chat with newsmen on Monday.

READ ALSO

JUST IN: Missing ex-Nigerian ambassador found dead in US

Africa Institute for Charity begins events to mark official launch, World Charity Day celebration

While speaking on the impact of the COVID-19 pandemic and the resultant economic recession on the real estate sector in Nigeria, Bello, however, noted that the company has been able to deploy measures to mitigate the challenges posed by the crisis.

According to her: “2022 began on a rough note for most real estate developers in Nigeria. This has been made obvious by the growing apprehension amongst some clients over the viability of their investment owing to delayed delivery of housing units and some publications addressing these issues.

“Many developers in Nigeria have openly addressed some of the challenges experienced in the course of construction and delivery of housing projects, a challenge which is largely attributed to the impact of the 2020 Covid-19 pandemic and the resultant economic recession.

“In the past few years, many developers have had to navigate the harsh economy and its severe impact on all businesses across many industries. While it may appear that many of these businesses have recovered from the impact, the story is not quite the same for the real estate industry. The industry has felt its huge blow from resultant factors ranging from scarcity of labour, a challenge we have since overcome, scarcity of building materials, unfavourable importation policies, long project approval timelines as well as other environmental limitations. However, our clients are always at the forefront of everything that we do, therefore, we have had no other choice but to unearth new and creative solutions in order to mitigate the rippling effects of the pandemic and the harsh realities of the global economy.”

Speaking further, the company’s chief lamented that most real estate development companies had to reassess and adjust their operations to acclimate to the “new atmosphere by working and negotiating potential changes in project completion timelines and the management of their internal and external workforce, communicating challenges and progress updates routinely with investors and reviewing supply agreements with suppliers while also determining the impacts of delays in our delivery obligations as well as other potential risk factors.”

She added that after what appeared to be a challenging Q1, the company is now making a headway on housing project delivery with a mass delivery of homes scheduled to take place at the end of the second quarter.

“I can assure you, by the third quarter of 2022, we would be well on our way to completing at least 1000 homes,” Bello concluded.

Tags: LandweyLandwey Investment

Related Posts

JUST IN: Missing ex-Nigerian ambassador found dead in US
The Nation

JUST IN: Missing ex-Nigerian ambassador found dead in US

June 26, 2022
Africa Institute for Charity begins events for official launch, World Charity Day celebration
Business

Africa Institute for Charity begins events to mark official launch, World Charity Day celebration

June 25, 2022
Hisbah move to regulate social media over ‘immorality’ on TikTok
The Nation

Hisbah moves to regulate social media over ‘immorality’ on TikTok

June 25, 2022
Bakers threaten strike as prices of bakery materials soar
Business

Bakers threaten strike as prices of bakery materials soar

June 25, 2022
FAAC: FG, states, LGs share N681bn in May
Business

FAAC: FG, states, LGs share N681bn in May

June 25, 2022
JUST IN: UK varsity suspends Ike Ekweremadu as its visiting professor
The Nation

JUST IN: UK varsity suspends Ike Ekweremadu as its visiting professor

June 25, 2022
Next Post
Court seizes Okorocha’s passport, bars him from travelling abroad

JUST IN: Finally, EFCC arrests Rochas Okorocha


 

 

Categories

  • Business
  • Entertainment
  • Health
  • Investigation
  • Lifestyle
  • Opinion
  • Politics
  • Southern Witness
  • Sports
  • The Nation
  • The News
  • World

Recent Posts

  • JUST IN: Missing ex-Nigerian ambassador found dead in US
  • Africa Institute for Charity begins events to mark official launch, World Charity Day celebration
  • Hisbah moves to regulate social media over ‘immorality’ on TikTok
  • Bakers threaten strike as prices of bakery materials soar
  • FAAC: FG, states, LGs share N681bn in May
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Copyright © 2021 The Witness Newspaper | All Rights Reserved.

No Result
View All Result
  • HOME
  • NEWS
  • The Nation
  • Business
  • Politics
  • Investigation
  • Opinion
  • Sports
  • Entertainment
  • SOUTH WITNESS
  • WORLD
  • HEALTH

Copyright © 2021 The Witness Newspaper | All Rights Reserved.