Adetola Nola
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| Adetola Nola | |
|---|---|
| Born | Adetola Rilwan Nola November 18, 1990 Ibadan, Oyo State |
| 🏳️ Nationality | Nigerian |
| 🏫 Education | |
| 🎓 Alma mater | |
| 💼 Occupation |
|
| 📆 Years active | 2013 – present |
| 🏢 Organization | Veritasi Homes and Properties |
Adetola Rilwan Nola (born 18 November 1990) is a Nigerian business executive, entrepreneur, financial advisor and chemical engineer.[1] In 2019, Adetola Nola made the Forbes 30 Under 30 list for Africa in the business category.[2]
Background and education[edit]
Nola was born in Molete, Ibadan, Oyo State, Nigeria.[3] He earned his first degree in Chemical Engineering from the Obafemi Awolowo University (OAU), Ile Ife, Osun State.[4] He served as a Vice President of AIESEC while in the university.[5] He has a certification in Managerial finance from the London Business School, and furthered his education by acquiring a Master of Business Administration from the London Metropolitan University.[6] He is a Chartered Financial Analyst.[7]
Career[edit]
Early career[edit]
Nola started his career as an intern at the Nigerian National Petroleum Company (now called NNPC Limited), which is Nigeria's state-owned oil and gas company, handling the exploration, production, and distribution of petroleum products. He was named NNPC’s “Best Intern (Operations)”.[8] Following his one-year stint at NNPC Ibadan, in 2013, he relocated to Lagos and launched a fashion venture alongside a friend. They began by purchasing and rebranding shoes for resale, which later translated to include establishing their own shoe manufacturing plant in Lagos.[7]
Over the years, he founded a total of five other companies. These include Noah & Nola Incorporated - leather company[9], Nola Travels - a travel agency, Couture 89, Pineapples Luxury Retail Store and Eystone Limited.[10] None of the companies were successful.[9]
He entered the real estate profession in 2015 after being convinced by his client-cum-mentor.[7] He started his real estate career working as a marketer; a career in which he also suffered a slow start to.[11]
Veritasi homes and Properties[edit]
In April 2017, he founded his real estate firm, “Veritasi Homes and Properties”.[12][13] In an interview with Business Day, he expressed that starting his own real estate firm was the “biggest risk of his life”. He iterated,
Prior to starting the company, I had two cars and a shoe factory. I sold the cars, all the machines, the generators, and all the shoes I had imported. I also borrowed money from a friend of mine called Ife. If the business had failed, I would probably have committed suicide (laughs), but then, I wouldn’t have…[7]
The company realized over 2 billion naira (4.4 million USD) in profit from sales in its first five years and is the first Nigerian local real estate development company to attain a global investment rating.[14][15] The rating was issued by Scope – the European rating agency.[16] It handles the 6.5 billion naira (14.2 million USD) project in Banana Island and have generally sold over 1,500 plots of land.[4][6] In the 2nd quarter of 2022, it signed a 10 billion naira (22.8 million USD) commercial paper,[17][18] and has successfully repaid the Series 1 and 2 of its commercial paper to the tune of 5.5 billion naira (US$12 million) by the fourth quarter.[19] Veritasi has several real estate projects in Lagos and Abuja.[20] The firm holds the annual “Veritasi Realtors Conference” in partnership with the Lagos Business School.[21][22]
Other careers[edit]
He is a life coach and financial advisor. He convenes the annual “Learn With Nola” event, which is a free programme where he aims at educating upcoming entrepreneurs about the rudiments of business registration; networking and negotiation; and financial intelligence.[23] The programme though free,[24] and has been held annually for three consecutive years.[25][26][27]
Recognition[edit]
- Forbes Africa 30 Under 30, Business category, 2019[2]
- Business Day, Top 10 Entrepreneurs To Watch, 2020[28]
- ECOWAS, Youth Ambassador, 2020
- World Economic Forum, Young Global Leader (nominee), 2020
- The Future Awards Africa, 2020[29]
- The Sun, Top 5 Young Real Estate Developers, 2023[15]
- City People Magazine, Young Real Estate Players To Watch, 2023[30]
- Most Influential Young Africans alongside Alex Iwobi, Adekunle Gold, Falz, Kiki Mordi in 2020[31]
References[edit]
- ↑ "Meet Nola Adetola the new Wizkid of The Real Estate Business". This Day. 11 April 2021. Retrieved 1 April 2023.
- ↑ 2.0 2.1 "#30Under30: Forbes Africa - Business Category 2019". Forbes Africa. 2019-07-01. Retrieved 2023-04-01.
- ↑ "Adetola Nola: A Trailblazer in the Real Estate Industry with a Sales Record". 2022-04-24. Retrieved 2023-04-01.
- ↑ 4.0 4.1 "Meet Nola Adetola". The Nation (Nigeria). 9 April 2021. Retrieved 1 April 2023.
- ↑ "Adetola Nola is the Founder and Chief Executive Officer of Veritasi Homes". RefinedNG. 2022-01-03. Retrieved 2023-04-09.
- ↑ 6.0 6.1 "Clients more comfortable with company with integrity — Nola". The Punch. 2020-04-18. Retrieved 2023-04-01.
- ↑ 7.0 7.1 7.2 7.3 "I sold a pair of shoes so well that my client felt I could sell real estate – Adetola Nola - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-01.
- ↑ Abimbade, Isaac (2022-06-21). "Young Property Players In Their 30s Who Are Doing Well". City People Magazine. Retrieved 2023-04-01.
- ↑ 9.0 9.1 "Adetola Nola: Setting new heights in real estate development - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-02.
- ↑ "Adetola Nola: 2023 A Year Of Raising Business Leaders By Oluwajimisayo Opanuga". The Guardian (Nigeria). 2023-01-02. Retrieved 2023-04-01.
- ↑ "Adetola Nola: Finding success in Nigeria's real estate industry - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-01.
- ↑ "DataPro assigns BBB investment grade rating to Veritasi Homes - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-01.
- ↑ "Duke Man Crush Monday: Nola Adetola | Duke International Magazine". Duke International Magazine. 2023-01-09. Retrieved 2023-04-01.
- ↑ "Veritasi Homes becomes first indigenous Real Estate development company to acquire Global Investment Rating". The Punch. 2023-01-23. Retrieved 2023-04-01.
- ↑ 15.0 15.1 "Top five young Real Estate Developers to watch out for in 2023". The Sun (Nigeria). 2023-03-22. Retrieved 2023-04-02.
- ↑ "Scope assigns B stable to Veritasi Homes - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-09.
- ↑ "Veritasi Homes signs 10 billion Naira Commercial Paper through FMDQ Exchange". Nairametrics. 2022-04-08. Retrieved 2023-04-02.
- ↑ "Veritasi Homes signs N10bn commercial paper". The Punch. 2022-04-10. Retrieved 2023-04-02.
- ↑ "Veritasi Homes and Properties Limited redeems N5.526 Billion Series 1 & 2 of debut N10 Billion Commercial Paper Programme". Nairametrics. 2022-12-31. Retrieved 2023-04-01.
- ↑ "Veritasi Properties' Adetola Nola on opportunities in Nigeria's housing market". CNBC Africa. 2019-07-01. Retrieved 2023-04-02.
- ↑ "Veritasi Homes Signs Learning Partnership with Lagos Business School. - Lagos Business School". Lagos Business School Official Website. 2022-03-02. Retrieved 2023-04-02.
- ↑ "Veritasi Homes hosts largest realtors conference in Africa". The Guardian (Nigeria). 2023-02-06. Retrieved 2023-04-02.
- ↑ "Teaching people how to monetize their skill my goal- Adetola Nola". Vanguard (Nigeria). Retrieved 2023-04-01.
- ↑ "Over 400 entrepreneurs equipped with skills to expand businesses - Businessday NG". Business Day (Nigeria). Retrieved 2023-04-02.
- ↑ "Adetola Nola ups the ante with maiden mentorship program". Vanguard (Nigeria). 14 November 2019. Retrieved 2023-04-02.
- ↑ "2nd 'Learn Business with Nola' holds". Vanguard (Nigeria). 7 September 2021. Retrieved 2023-04-02.
- ↑ "Adetola announces 3rd edition of Learn Business With Nola". Business Day (Nigeria). 2 September 2022. Retrieved 2023-04-01.
- ↑ "Top 10 Entrepreneurs watch, 2020". Business Day (Nigeria). Retrieved 2023-04-02.
- ↑ "The Future Awards Africa: Class of 2020". The Future Awards Africa Official Website. 2020-11-08. Retrieved 2023-04-02.
- ↑ "Young Real Estate Players To Watch In 2023". City People Magazine. 2023-01-04. Retrieved 2023-04-02.
- ↑ "2020 100 Most Influential Young Nigerians announced by Avance Media". BusinessGhana. Retrieved 2022-09-02.
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