Mshel Homes, a Nigerian real‑estate developer, says it will continue delivering on its housing projects despite rising costs and a generally tough economic climate, emphasizing that its customers “deserve the work.”
The company’s statement comes as construction material prices have surged across the country, while financing conditions have tightened, creating a challenging environment for developers seeking to keep projects on schedule.
Nigeria’s real‑estate sector has been under pressure from high inflation, currency depreciation and supply‑chain disruptions, factors that have made it harder for builders to maintain timelines and budgets.
Mshel Homes says it is absorbing these cost pressures and prioritising the completion of units for homebuyers, many of whom have already faced long waiting periods for their properties.
The firm’s commitment reflects a broader effort among some Nigerian developers to preserve customer trust and uphold delivery promises, even as the wider economy grapples with elevated living costs and uncertain growth prospects.
<small>Source: Punch Nigeria — read the original story there.</small>