Revolution Plus Nigeria Limited

Revolution Plus positions itself as a leading force in affordable housing development within Nigeria and sub-Saharan Africa. They cater to a diverse clientele seeking residential and commercial properties across various locations in the country.

Company Overview

Reputation and Experience: While the exact year of establishment remains unclear, news articles suggest Revolution Plus emerged in the mid-2010s. Their relatively young age translates to a shorter track record compared to established developers. However, they've experienced significant growth in recent years, expanding their project portfolio and geographic reach.

History and Evolution: Details about Revolution Plus' early years are limited. News reports indicate a focus on establishing themselves within the affordable housing sector, catering to a significant market need in Nigeria.

Project Analysis

Past Projects: Revolution Plus boasts a portfolio of completed residential estates in Lagos and its suburbs, including the Amazon Estate in Epe and the Green Park Estate in Lekki. These projects cater to the growing demand for affordable housing options. Client reviews on the company website tend to be positive, highlighting affordability and efficient communication during the sales process. However, some negative reviews have surfaced online regarding land dispute issues, which can be a concern for potential buyers.

Ongoing Projects: . Nws articles and social media posts suggest developments underway in various locations across Lagos. Transparency regarding ongoing projects and timelines would benefit potential buyers.

Future Prospects: The company hasn't publicly announced details about future projects. Their focus on affordable housing within high-demand areas suggests a continued emphasis on meeting the needs of a growing urban population.

Operational Excellence

Efficiency and Timeliness: Assessing efficiency in project completion is challenging due to the lack of comprehensive information about completion timelines for past projects.

Quality of Construction: Information regarding the specific materials and construction quality used in Revolution Plus' projects is limited. While some client testimonials highlight satisfactory construction, independent verification is difficult.

Innovation: There's no public information about Revolution Plus employing innovative construction practices or technologies.

Customer Satisfaction and Feedback

Client Testimonials: The company website features testimonials from satisfied clients praising affordability and service. However, independent verification and a broader range of client perspectives would be beneficial.

After-sales Service: The extent of after-sales service offered by Revolution Plus remains unclear. Contact details are available on the website, but details regarding complaint resolution processes are not readily apparent.

Corporate Responsibility and Ethics

Sustainability Practices: Information about Revolution Plus' commitment to sustainable building practices or environmental responsibility is currently unavailable.

CSR Initiatives: While details are limited, the company claims involvement in some level of corporate social responsibility, including community development projects. Transparency regarding specific CSR initiatives would enhance their image.

Financial Health and Investment Opportunities

Investment Potential: As a relatively young company with a focus on affordable housing, the investment potential in Revolution Plus projects requires careful consideration. Limited financial information makes a comprehensive assessment difficult.

Economic Impact: By providing affordable housing options, Revolution Plus contributes to addressing a national need. However, the broader economic impact of their projects is challenging to quantify at this stage.

Conclusion

Overall Impression: Revolution Plus is a growing property developer focusing on affordable housing solutions in Nigeria. Their emphasis on affordability caters to a significant market segment, and they boast a portfolio of completed projects. However, the company's relatively young age translates to a shorter track record compared to established developers. Limited information about construction quality, financial health, and after-sales service creates some uncertainty for potential buyers and investors.

Recommendation: For potential buyers seeking affordable housing options, Revolution Plus offers possibilities. However, thorough research is recommended, including verification of land ownership, construction quality, and completion timelines. Investors seeking a proven track record and detailed financial information might want to consider established developers with a longer history.

Bamidele Chris Onalaja is a serial entrepreneur and philanthropist. He is the Group Managing Director/Chief Executive Officer of RevolutionPlus Group, with 10 subsidiary companies. He is the current Chairman of Real Estate Developers Association of Nigeria (REDAN) Lagos Chapter and immediate past President, Rotary Club Maryland, Lagos. He is a major donor and member Arch Klumph Society and have served rotary club in various capacity. Bamidele holds a first degree in Economics and a Masters in Business Administration (Marketing) from Lagos State University (LASU), in addition to these; he obtained an Advanced Diploma in Project Management from the University of Lagos (UNILAG) which inspired him to become a member of the Project Management Institute (PMI), USA. He is an alumnus of the Lagos Business School (Pan African University) (OMP 25). His journey into Real Estate started in 2004 when he joined Agbara Estates Limited as the Marketing Manager to pioneer the sale of “Vivas Home Project” which recorded monumental success, thereafter he joined Refuge Home Savings and Loan Limited (Mortgage Bankers) as the Head of Projects and Business Development, where he pioneered the department and guided the bank into acquiring several landed properties such as the “Beaufort Royale Estate” afterwards he joined Cornerstone Mortgage Bank as the Head, Mortgage Operations before joining Safe Trust Mortgage Bank (Formerly Sterling Homes) as the Ikeja Branch Manager. In 2014, he resigned from Safe Trust Mortgage Bank to focus on building RevolutionPlus Property Development Company Limited, a game changing Real Estate Development Company in Nigeria with an international office in the Dallas, Texas, USA. Since then, he has broken several milestone which were rewarded through several merit awards such as “Real Estate Entrepreneur of the Year”, “Real Estate Personality of the year”, “Outstanding Leader Award” to mention a few. In 2021, Bamidele was recognised as one of the “Top 25 CEOs to look out for in Nigeria” at an award session organised by the BusinessDay Newspaper, in the same vein RevolutionPlus went home with the “Next Bull Award, in recognition of its Market Leadership & Pacesetting Innovations.” Also in 2021, he won the “Leadership Award in Real Estate” at the 6th City People Real Estate Award ceremony. In 2022, he was listed alongside leading Nigerian entrepreneurs in Forbes Africa ‘Undiscovered Series List’ for his contribution to the growth of Nigerian economy. He founded Chris Bamidele Onalaja Foundation (CBOF), a Corporate Social Responsibility initiative with the mission of providing education and scholarship to indigent children, child and maternal healthcare, widow’s empowerment, among others. Alongside his wife, Tolulope Onalaja, they also established TolDel Nursery and Primary School, a tuition-free school which provides quality education to less privileged children till date. Bamidele is a devoted Christian and a Deacon. He is married to Tolulope Onalaja, the Group Executive Director of RevolutionPlus Group and blessed with two children.