Folawiyo has a background in law, which she studied at the University of Lagos.[1]

She started her label Jewel by Lisa in 2005 from her home, with an initial investment of 20,000 Naira. She bought 12 yards of fabric and made the first pieces with her mother.[2] She has showrooms in Nigeria and in New York. She incorporates traditional West African textiles such as Ankara[3] with modern tailoring techniques and an emphasis on beading and sequin trim.[4] Senegalese-American actress Issa Rae has worn her clothing.[5] In 2012 she was featured in Vogue Italia.[6]