Openbusiness4:
Imagine asking a company to pay N25 million.per year and on top of that, they still have to pay for adminstrative bureaucracy fees of other accompanying permits and registration, and then on top of that you still want to collect a percentage on fares of each trip? WHO DOES THAT? Make d govt kukuma carry gun to rob na, as dey r looking for money by any means. Shey na only der papa get problem to solve, abi d Uber and Taxify drivers wey dey hustle day and night, and midnight to put food on their tables, d drivers don't have problem na, dey just love driving at 3am risking their lives for nothing. Abi na der papa buy d moto give d drivers to drive? They just killed Gokada, Max Ng, O'Ride...... businesses that were setup with millions of dollars gone down the drain just like that. Because they couldn't extort them their normal agbero style of extortion. Now they want to destroy Uber and Taxify too. Agbero government. Go to Lekki, all the way from Phase One to Ajah, agbero don dey collect money for bus stop. No difference between Lekki and Mainland again, Ajah don turn to Oshodi. What am I saying sef, all the way from Bonny Camp, to Ozumba to Abraham Adesanya sef, LASG agbero boys have taken over. THIS IS WHY TINUBU MUST NEVER BECOME PRESIDENT IN NIGERIA in 2023. They will turn this country to an agbero empire. A government of Agberos, By Agberos for Agberos. It will never happen. By the forces of everything good in this universe, it will be a failed abandoned project, amen!

Esseite:
Talking from experience as a fleet manager:

This is absolute madness, you could have just told new entrants not to even think venturing into the business..this may obviously not be a problem for uber and bolt, but if this eventually has a ripple effect on the drivers via increase of service commission, they can kiss their ass goodbye from Nigerian fleet managers whom are the power house of the ride-hailing companies, of which many are pulling out in droves today..

- Total purchase of a (non-rusted) regular corolla including registrations and starter pack/kit - 2m
- Average income /week (full time) - N100,000
- minimum Fueling/week - N30,000
- Commission remittance (currently) - N25,000
- average e-hail coy commission - 25% - N25,000
- Drivers earning 20k or less per week for being 112hrs on the road out of 168hrs, that is terrible but everyone is trying to survive..

- Fleet managers take home/week - (N25,000)..
Monthly sum - (N100,000)

inevitable expense projections:
Service - (N8,000 monthly)
- Monthly tire change projection (used) (N7,000)
- Monthly repairs projection (dollar rise in parts) - (15,000)
- Fines/levies/impound/tolls provision - (5,000)
- Driver short pays and run-aways - (5,000) or could cost you a whole week if not two.
- Logistics, tracking & follow ups - (5,000)
- Monthly Comprehensive insurance - (7,000)

Average monthly income after deductions - N50,000(madness).. e.g with N10m(5 cars) you barely make 250k monthly on a depreciating asset you dont control prices neither do you have the final decision.(who is that stupid?)

Vehicle replacement - 2m/N50,000 = 40mths (if it's a full-time business, it's impossible to save 100% of that income..4 years approx with all things being equal is almost impossible for a car virtually 18hrs on the road.. it may encounter major accidents, engine change, gear box change, AC issues during the period which does not just cut down massively on the capital recovery or wipe it all out, but inturn increases the capital recovery period of the vehicle aswell, well beyond the projected 40mths..

With this projections alongside increase in dollar /fuel which directly affects repair cost, reduces returns drastically, coupled with the shrinking economy that reduces riders, who in his right senses would remain in such business if a service charge is increased that affects both fleet managers and drivers?..

We go all carry gun las las... bye
Nice one bro

zeusdgrt:
Stupid government,the little income used by some youths to get by is about being taken from them.Brainless government,sanwolu is just doing nothing aside recouping money for his principal in Lagos cz all project still going on are ambode's mastermind and contract.Imagine putting targets on different agencies and now this?well I wish the people that voted them happy suffering.

Esseite:
Talking from experience as a fleet manager:

This is absolute madness, you could have just told new entrants not to even think venturing into the business..this may obviously not be a problem for uber and bolt, but if this eventually has a ripple effect on the drivers via increase of service commission, they can kiss their ass goodbye from Nigerian fleet managers whom are the power house of the ride-hailing companies, of which many are pulling out in droves today..

- Total purchase of a (non-rusted) regular corolla including registrations and starter pack/kit - 2m
- Average income /week (full time) - N100,000
- minimum Fueling/week - N30,000
- Commission remittance (currently) - N25,000
- average e-hail coy commission - 25% - N25,000
- Drivers earning 20k or less per week for being 112hrs on the road out of 168hrs, that is terrible but everyone is trying to survive..

- Fleet managers take home/week - (N25,000)..
Monthly sum - (N100,000)

inevitable expense projections:
Service - (N8,000 monthly)
- Monthly tire change projection (used) (N7,000)
- Monthly repairs projection (dollar rise in parts) - (15,000)
- Fines/levies/impound/tolls provision - (5,000)
- Driver short pays and run-aways - (5,000) or could cost you a whole week if not two.
- Logistics, tracking & follow ups - (5,000)
- Monthly Comprehensive insurance - (7,000)

Average monthly income after deductions - N50,000(madness).. e.g with N10m(5 cars) you barely make 250k monthly on a depreciating asset you dont control prices neither do you have the final decision.(who is that stupid?)

Vehicle replacement - 2m/N50,000 = 40mths (if it's a full-time business, it's impossible to save 100% of that income..4 years approx with all things being equal is almost impossible for a car virtually 18hrs on the road.. it may encounter major accidents, engine change, gear box change, AC issues during the period which does not just cut down massively on the capital recovery or wipe it all out, but inturn increases the capital recovery period of the vehicle aswell, well beyond the projected 40mths..

With this projections alongside increase in dollar /fuel which directly affects repair cost, reduces returns drastically, coupled with the shrinking economy that reduces riders, who in his right senses would remain in such business if a service charge is increased that affects both fleet managers and drivers?..

We go all carry gun las las... bye

Openbusiness4:
like they research well on how agbero collect money at bus stops in America, UK and Germany bah?

Openbusiness4:
story for d gods, so u have d infrastructure Estonia has? Does it take 3 hours to drive 10KM journey in USA as a norm where almost everywhere traffic is blocked like inside sardine? Is the road so bad in those countries that ur car will be entering mechanic workshop week in week out? Do they have agberos both licensed and unlicensed harassing and extorting drivers 24/7. Plssssss Iz too early dis morning for me to b hearin bs, daz d way out of my mentions (☞ ͡° ͜ʖ ͡°)☞

FrLukas:
This Sanwoolu no get sense at all.

Why do you want to kill the business in your domain?

Is this how to encourage private business owners?

Where do we get all these crop of senseless and debased humans to lead us anyway?

Is he trying to raise money for his godfather's presidential campaign or what?

Let those business owners take him to court.

It is illegal to demand such money from them.

Is it tax or what is it exactly?

ekwerendi:
Bad policy

stacyadams:


Some people said he is doing very well

Olominira:
Correct. It's time govt expands her income capacity especially on multinationals that post billions of dollars in their headquarters and contribute nothing here while making billions of Naira.

If America that benefits revenues from all over the world through activities of its companies like Google, twitter, uber, Facebook, IG, etc could ban other people's APPs then. We must start taxing on money they make here too.

This is a step leading economies (China, India, US) have taken, the world must follow suit and make money from them if we can't ban

Esseite:
Talking from experience as a fleet manager:

This is absolute madness, you could have just told new entrants not to even think venturing into the business..this may obviously not be a problem for uber and bolt, but if this eventually has a ripple effect on the drivers via increase of service commission, they can kiss their ass goodbye from Nigerian fleet managers whom are the power house of the ride-hailing companies, of which many are pulling out in droves today..

- Total purchase of a (non-rusted) regular corolla including registrations and starter pack/kit - 2m
- Average income /week (full time) - N100,000
- minimum Fueling/week - N30,000
- Commission remittance (currently) - N25,000
- average e-hail coy commission - 25% - N25,000
- Drivers earning 20k or less per week for being 112hrs on the road out of 168hrs, that is terrible but everyone is trying to survive..

- Fleet managers take home/week - (N25,000)..
Monthly sum - (N100,000)

inevitable expense projections:
Service - (N8,000 monthly)
- Monthly tire change projection (used) (N7,000)
- Monthly repairs projection (dollar rise in parts) - (15,000)
- Fines/levies/impound/tolls provision - (5,000)
- Driver short pays and run-aways - (5,000) or could cost you a whole week if not two.
- Logistics, tracking & follow ups - (5,000)
- Monthly Comprehensive insurance - (7,000)

Average monthly income after deductions - N50,000(madness).. e.g with N10m(5 cars) you barely make 250k monthly on a depreciating asset you dont control prices neither do you have the final decision.(who is that stupid?)

Vehicle replacement - 2m/N50,000 = 40mths (if it's a full-time business, it's impossible to save 100% of that income..4 years approx with all things being equal is almost impossible for a car virtually 18hrs on the road.. it may encounter major accidents, engine change, gear box change, AC issues during the period which does not just cut down massively on the capital recovery or wipe it all out, but inturn increases the capital recovery period of the vehicle aswell, well beyond the projected 40mths..

With this projections alongside increase in dollar /fuel which directly affects repair cost, reduces returns drastically, coupled with the shrinking economy that reduces riders, who in his right senses would remain in such business if a service charge is increased that affects both fleet managers and drivers?..

We go all carry gun las las... bye

FrLukas:


He may be doing well in some other areas.

Besides, those who benefit from his government, directly or otherwise will hype him.

helinues:


When government make this kind of law without considering the impact on the masses, get to know one of their buddies is about to start transportation business in Lagos

anonimi:


Are there many similarities in the operating environment in Lagos on one hand, and in New York and London on the other?
In terms of roads, street signs, economic power of riders etc?

Esseite:
Talking from experience as a fleet manager:

This is absolute madness, you could have just told new entrants not to even think venturing into the business..this may obviously not be a problem for uber and bolt, but if this eventually has a ripple effect on the drivers via increase of service commission, they can kiss their ass goodbye from Nigerian fleet managers whom are the power house of the ride-hailing companies, of which many are pulling out in droves today..

- Total purchase of a (non-rusted) regular corolla including registrations and starter pack/kit - 2m
- Average income /week (full time) - N100,000
- minimum Fueling/week - N30,000
- Commission remittance (currently) - N25,000
- average e-hail coy commission - 25% - N25,000
- Drivers earning 20k or less per week for being 112hrs on the road out of 168hrs, that is terrible but everyone is trying to survive..

- Fleet managers take home/week - (N25,000)..
Monthly sum - (N100,000)

inevitable expense projections:
Service - (N8,000 monthly)
- Monthly tire change projection (used) (N7,000)
- Monthly repairs projection (dollar rise in parts) - (15,000)
- Fines/levies/impound/tolls provision - (5,000)
- Driver short pays and run-aways - (5,000) or could cost you a whole week if not two.
- Logistics, tracking & follow ups - (5,000)
- Monthly Comprehensive insurance - (7,000)

Average monthly income after deductions - N50,000(madness).. e.g with N10m(5 cars) you barely make 250k monthly on a depreciating asset you dont control prices neither do you have the final decision.(who is that stupid?)

Vehicle replacement - 2m/N50,000 = 40mths (if it's a full-time business, it's impossible to save 100% of that income..4 years approx with all things being equal is almost impossible for a car virtually 18hrs on the road.. it may encounter major accidents, engine change, gear box change, AC issues during the period which does not just cut down massively on the capital recovery or wipe it all out, but inturn increases the capital recovery period of the vehicle aswell, well beyond the projected 40mths..

With this projections alongside increase in dollar /fuel which directly affects repair cost, reduces returns drastically, coupled with the shrinking economy that reduces riders, who in his right senses would remain in such business if a service charge is increased that affects both fleet managers and drivers?..

We go all carry gun las las... bye

busky101:
Imagine as if the clamp down on opay and the rest wasn't enough and then the hit on logistics companies and now this, this people are bent on making everyone miserable in this country.

NkemChukwudi:


Which principal?

oglalasioux:
Somebody is selling this idea to the government. The plan is to force Bolt and Uber off so they can take over the market. Truth is even if they succeed, they cannot run the market with their Nigerian mentality. They simply want to spoil this venture that has provided jobs for thousands of Nigerians.

Ulomoney:
When has governor Sanwoolu ever brought a good policy?
It's always one ridiculous policy after another.

helinues:


When government make this kind of law without considering the impact on the masses, get to know one of their buddies is about to start transportation business in Lagos

Mynd44:
The problem is that these hailing companies say they are not employers of the drivers and the drivers work independently hence they can't pay operational taxes.

The same BS that has been happening in London and New York.