₦airaland Forum

Mount is gone. Good riddance

Emaprince:
Cost of governance to be whittled down for where?

These ones are seriously flexing and spending the money made from ordinary citizens. That's what they are there for.

Just look at the people asking us trust them with subsidy removal

liveLongNprospa:
FG nor send optics 😂😂

More like they don't rate us.

A40:
Lessons will be learned

It is seriously being learnt.

I saw your post about adjusting and adjusting and it felt like you were talking to me

BlueRayDick:
Leemao!

The nairaland economics will te explain to u how convoy of mere 120 cars does not change anything in the general scheme of things . They will make u see that even if his convoy consists of just 3 cars , It doesn’t matter . They will ask u how much u think will be saved if he decided to do things differently than his predecessors by being pruning down the expenses associated with maintaining such fleet of vehicles🤷🏼‍♂️?

I hope u have answers ready .

Your head dey there. The cost of fuelling one is just 50,000. Multiplied by 120 is 6m. What can 6m do for Nigerians? Nothing.

While Nigerians are parking their cars at home, trekking and using public transport

https://www.nairaland.com/7744353/president-tinubus-120-car-convoy

BlueRayDick:
That’s waste of money ;it’s just like wasting whatever amount u paid as insurance in that combo . Insurance wey una no fit claim on top no be insurance na; it’s just “police let me pass “.

My guy who runs my vehicle papers for me knows better not to add the cost to my total bills. I handle the insurance myself cos I no wan dey fight for road dey commot wheel spanner when a fellow road user bash me or I bash someone

I don't do third party insurance myself but I'm seriously considering it now. Before now, I used to comprehensively insure my cars at 1.9% the value of the car by virtue of madam's work. That privilege has been taken away and I'm now paying 5%. I'm willing to take my chances with third party insurance

And the bolded is not true. Third party insurance takes care of any car you hit up to a certain amount but not your own car. One guy shared his experience right here on nairaland. He had third party, insurance took care of the car he hit, they didn't touch his own.

And even if it's just police let me pass, It's still worth it. The least amount a policeman will collect from you for not having insurance in this town is 5k. Imagine them stopping you 10 times a year.

BlueRayDick:
I don’t do third party insurance they sell at licensing office , I do comprehensive insurance which I pay for out of pocket . That one no follow join vehicle paper renewals na

That's because you do the insurance separately. Most don't.

What usually happens is that people have a plug they pay for vehicle renewal. You pay and he returns with your vehicle licence, insurance and road worthiness. We tend to add everything together as cost of renewal.

BlueRayDick:
Paper renewal 22k keh?

Dem dey run una street for Edo o. The last Vehicle license renewal I did was 3,400 and Road worthiness 10,800 ; and that was January this year

Insurance nko?

larride:
Na church own worse pass ooo.

Interesting

iamoyindamola:
Honestly I am looking toddlers boarding school seriously searching

I'm seriously considering boarding for their secondary school as well.

I know it comes with it's own issues but I'm hoping those owned by churches like the deeper life high school will be better.

BlueRayDick:
U no dey watch iSegunJohnson music videos when he dey sing “ Idan are u done ? “…. And his back up singers respond “ he’s not done ! “ …. Na u gangan be Idan and I believe u are not done

When woman under ur roof wan get belle , she no go tell u. So just dey play !

That one dey sha

I don't know if you've been following the discussion on twitter of recent.

That a lot of men die simply because their wives poison them


These women men put under their roof dey do things

raumdeuter:
Olorun lon toju Omo

Do it first and watch as God almighty will surprise you with oil wells

You know say pikin head dey bring prosperity. Just 2 more

Bring the oil well first .

Apart from the useless economy, children are so much work. I will be taking them to their grandma once the current session is over and you don't know how much I'm looking forward to it.

Imagine watching your favourite movie till 3am on a Friday hoping to get some sleep till like 9am only for one cry to wake you by 5am

When I see parents with grown children, I seriously envy them.

raumdeuter:
You dey give up so easily chairman

Try two more times

You try

You forget say "free education" no dey here.

BlueRayDick:
The 5th one might be a girl. Don’t give up bro; JUST DO IT ! ✔️

My brother, I'm done

I've told my wife that if she still wants another child, it won't be with me.

larride:
My wife give birth to a bouncing baby girl this afternoon. Both mother and child are in good health. 😎

Congrats bro.

God knows how much I wanted a girl child. The first one came, boy. Second one boy again.

Mo ti gba kamu

Pearl1910:
Not correct, fare increase is not upto 50%. A trip that was 3k before is now 4k but trip of 1,200 before is now 2k. It depends on the type of trips u r taking.

Secondly, Any money u take to refuel is made back that day...u don't minus it from previous day's Net.
So if I make 20k profit yesterday and I take 15k out of it to buy fuel for today's work, I will make 50k today and replace my fuel money then minus commission and I am left with 20k profit for today again. So in two days I have 40k in bank or cash.

I think most drivers don't want to adjust to d new reality. I understand when someone says why will he use 15k fuel to make just 50k. People want to make much more with the plenty money they used in buying fuel, but forgetting that if the prices are increased in such a way that they want, they will drink the fuel in d car because they will have no trips.

My house to waterlines used to be 1200 on bolt, it's now 1800. I was under the impression that it's a general 50% increase across all prices.

Any money you take to refuel from the previous day net should be removed and the reason is because the initial money you used to buy your first fuel did not fall from heaven.

You will always have a deficit of that initial cost of fuel. I'm also struggling to understand your analogy. If you make 20k profit, buy fuel of 15k and you're left with 5k in the bank. The 15k gives you 50k, you pay Bolt 10k, buy another 15k fuel to be used tomorrow, you're left with 25k plus your 5k of yesterday which is 30k. That is what you have in the bank.

Your analogy only works when you stop driving. As long as you have to drive the next day, the only money you can realistically save is what you're left with when you remove the cost of fueling for the next day.

That's my understanding

XGhost:
I honestly don't understand how this thing appears so complicated. Before 30k daily was not guaranteed, now 40 to 50k is almost a certainty. 100k net I would make in 6 or 7 days before, I'm making in 4 days now. Yeah, fuel price has gone up but earnings have gone up to so I can afford now to buy 15k daily and still bank 25k.
If you looking for even a 50% increase fares you're being very very unrealistic and even dreaming sef. It'll mess up the ecosystem and the app companies know this.

50% increase in fare is exactly what Bolt did.

As for the bolded, the difference is that unlike before when you maybe bank 22k and only have to take 4k for fuel the next day and you're left with 18k, you now have to take 10k from the 25k you banked leaving you with 15k

There's a net reduction in the drivers income but it's certainly not as bad as is sometimes being exaggerated.

Duplik8t77:
that means before the hike in fuel price, you usually gross 40k with 4k fuel?

Price was increased by roughly 50%. Every trip you do now is equivalent of a 1.5 surge trip before now.

What this means is, if 4k fuel used to give you N20,000-N25,000, 10k fuel should now give you (20,000-25,000×1.5)= 30,000-37,500

MrCarter577:
Surge comes with increase in demand. Demand is low generally on bolt, that's why you see pockets of surge in LASU axis, UniLag and Berger. Demand peaked in those areas

Everyone knows this. What I'm saying is, the demand that will result in a 1.7 surge before now may have been tweaked by bolt to only result in a 1.3 surge.

GloriousGbola:
I have never seen hard nosed and cynical Ibime shocked before. This one enter.

Under his bean counting, spreadsheeting, numerical and empirical valuing My nigga is a believer in true love and fidelty.

There is this chick safa-rigirl who has said more than once that everything that Banky puts out about him self is very carefully curated and packaged to sell a particular image.

Why does this remind me of one presidential aspirant

Pearl1910:
Yes they have...the reason is not far fetched...with the increase in price, if u add surge again nobody will request Bolt. As price has gone up, request has dropped but drivers will not want to admit that.

I see where bolt is coming from. They are trying to keep their drivers while not losing the riders who are booking.

Pearl1910:
Lolz... roughly 60k with back to back good trips isn't a mystery, but one can do 45-50k everyday on normal hussling.
Ogba to Yaba is now 5k on Bolt. Yaba to Lekki is now 5k. Berger to Oworo is now 5k. So u see, it is very easy to achieve.
When the surge returns we will do even more.

Every trip you do now is a 1.5 surge trip

And why do I think bolt may just have tampered with their criteria for surge

demolagilbert:
Cc kennylawd

Dude, you need to learn how to LEARN. Truly, you are ignorant of happenings as far as it concerns car import in Nigeria, esp over the last year. The pathetic part is rather than learn, you are just here arguing blindly about something you know next to nothing
about. Classic cognitive dissonance on display.

1. For over a year now any car year/model pays comparable or higher custom duty than a 2014 car/model. Yes! You can pay as much as 1.5m to clear this car.

2. Even if you buy an accidented car for cheap (which aren't even cheap if you get off your keyboard and try buying one), shipping costs are same as clean title, trucking to the port costs same. These two alone will cost you nothing less than 2500usd in the best of circumstances presently. Multiply that by 750, how much e be?

3. Now let's assume you buy a crappy accidented car for 1000usd , oya add all the costs up there to this 1k is and tell me the sum. After you get the sum, now add the costs of fixing the car here in Nigeria. Then tell me the grand total.

I detest when never do wells just spew hate towards other people. The man is trying to make a living, and you with zero buying intention will just come on here to make a nuisance of yourself. Import your own car and see what it's like. The nerve!!

I jus read the news, and from July 1 due to the naira float the customs conversion rate is going to 700+ meaning clearing cost will almost double and someone wey no even wan buy dey argue price for another person advert. Dont worry una go still buy the same car with 5m plus abeg. Nonsense.

You forgot the ever increasing auction charges. God knows I hate paying that nonsense. You go buy motor 1000 dollars con pay another 410 dollars as auction charges. It's crazy

As for the bolded, is this real? Can you share a link? Why do customs even do this when there is no real exchange of dollar to the naira? They just wake up one day and say our rate is 770 when they can as well say its 360 and nothing will be affected apart from the money they keep siphoning from us

chukel:
thank you. That guy is blatantly ignorant and doesn't deem it fit to learn. His stupidity is inbuilt.

Who no go no go know. Only those who import weed and drugs with their cars make any serious money.

I don't even know how you guys do it. The uncertainties are too much. I tell people who come to me for vehicle importation to just buy their vehicles in Nigeria if it's a regular car. It's not worth the stress.

kaysy:
N5.160m

Meet me at Tincan let's handle it for you.

All things being equal, five years from now, this is the same amount that will clear a 2003 highlander

A40:
Cheating is not even the average Nigerian woman's dealbreaker. Struggle and poverty is

Most babes will pin there if like make he knack the whole Lagos so long as the Bills are paid and the lifestyle is still going sengemenge.

It's when the money and clout dwindles that they bounce. These people are not stupid they know what they are doing

Truer words have never been spoken

iamoyindamola:
https://www.nairaland.com/7740758/kano-govt-marks-shopping-plazas

This one is on collapsing mission

The owners should get a court order restraining him from carrying out the demolition.

It may or may not prevent the eventual demolition but will stall it.

https://www.nairaland.com/7738690/people-suffering

I was just about to say this here. Everywhere I turn, it's one person needing one financial help or the other.

People are going through hell

I only fault the OP for buying the car in the first place. These vehicles in my opinion are no longer worth it. Buy a more recent car, the difference in price is not that significant.

I really don't see myself paying 4m for this vehicle.

ojeysky:
Wew maybe customs will adjust the levey so the impact is not much.... otherwise this is going to result to hike in price of cars

But how do customs arrive at these rates? They just use any amount they like as value and set any amount they like as dollar rate.

These guys are really exploiting us.

IVORY2009:
You are very funny, most of the cars that are imported from the united States are accidented cars, and the vim are flused out, and repairs are done when the arrive Nigeria, and the sellers would claim the cost of clearing was high, with high selling cost, go to mobile.de and see German branded cars, I know the newer the year of manufacture, the lesser the amount for clearing, na today I dey clear cars

You are terribly ignorant.

Buy one of those accidented cars, import and see what will happen. Body go tell you.