Rifugio Communications Limited marked its 10th year anniversary on Friday, October 17, 2025
Rifugio’s 10-year success was built on innovation, resilience, customer trust, and the efforts of the staff, according to its founder, Dr. Kayode Thomas.
The company, which specializes in the sale of electronics like smartphones, tablets, television sets, and others, now has about 25 retail outlets but not yet in 15 out of the country’s 36 states.
The Founder of Rifugio Communications Limited, Dr Kayode Thomas, while given a hint about the plans the company has for the future, he disclosed that the company plans to expand its operations to all states of the federation before the next two decades.
He described the milestone as a day of reflection, celebration, and gratitude to God for the journey so far.
“Our vision is to be present in every state and every corner of the country. We still have a long way to go. By God’s grace, in 20 years’ time when we do this again, I’ll be telling you we’re now in all states of Nigeria,” he said.
He stated that about 80 per cent of Rifugio’s operations are currently based in Lagos, with outlets also in Oyo, Rivers, Abuja, and Kaduna.
“Still, we’re not yet in 15, let alone all of the states in Nigeria. So, that’s our next focus, expansion and continuous growth,” he stressed.
Thomas explained that Rifugio, which began in 2015 with one store in Lekki, Lagos, has since grown to more than 24 outlets nationwide, alongside two online platforms.
“From that very humble beginning in 2015 with our very first outlet, the company has grown phenomenally to well over 24, 25 outlets and is still spreading. There is almost no year since we started that we have not added to our chain,” he said.
The Rifugio boss said the company’s growth strategy includes building sustainable retail outlets and deepening partnerships with major technology brands.
