₦airaland Forum

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)

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 income or wipe it all out, but 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 return, 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?..

Thank you for breaking and analysing the cost in details.

And to think that this cost doesn't include service charge levy that will be imposed soon says alot about drivers leaving the business and make riders more frustrated.

My problem is not about the tax but it's utilisation. There are many inaccessible roads in the state with the multiple tax been collected yet nothing commensurate to maintenance and development of existing/new roads

Uber/bolt business is no longer lucrative as at when it first kicked off operation due to competition, crowded players, dwindling revenue/profit, high maintenance/tax cost.

PresidentAtiku:
By the time APC is done with Nigeria ehnnn........

Asking for taxes as If they have used the ones paid earlier well. Criminals looking for more loots

A time is comin when cow govt will ask us to pay tax before fucking your wife.

ikorodureporta:
https://m.guardian.ng/news/uber-bolt-drivers-face-uncertain-future-as-lagos-begins-new-regulations/

Says the spiritually cursed race that always makes retrogressive policies.

Kuku say u do not want uber in Lagos. If you think Uber is staying Lagos, goodluck.

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?

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.

The fools that voted them are suffering and smiling

And you think Nigeria is the promise land

garriguy:
Before Lagos would bring this policies, be sure they've already researched well on how much they actually pay in other countries.

by the way, check my signature on how to set up a modern garri processing facility

which research they are after increase IGR which they will eventually loot

Wicked regulations, clearly government is trying to kill private participation in the Lagos transport business, this is another example of crony capitalism.

Business opportunity for a privileged few individuals connected to govt, who will enjoy waivers, Lagos is definitely not going to be the bustling commercial hub it once was.

No keke, okada, now taxi , how can a city be interesting if movement is restricted.

ikorodureporta:
https://m.guardian.ng/news/uber-bolt-drivers-face-uncertain-future-as-lagos-begins-new-regulations/

Are the companies not paying taxes already? I still don't fully comprehend the regulations.

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

Your teeth complete and you nor get ibeke.

Another disaster loading for the hustlers


More yahoo boys loading if uber isn’t feeding them


The problems of the country is the government

Always waging war on citizens since 1960

Spits


Where is my international passport

To Nigerian govt regulation means higher income.

These people are just bereft of ideas.

To think Lagos never releases the comprehensive analysis of its income and expenditure.
I don't think the State Assembly has even passed the FOI bill.

mrjojo:
Yet the youth are more focused on more important BBnaija.

That's one of the major problems with the youths.

Anazp:
They won't dare mess with Uber cos Uber is a very STRONG and CONNECTED US company. If you know what I mean

Lol you sure?

[quote author=ikorodureporta post=92684798]https://m.guardian.ng/news/uber-bolt-drivers-face-uncertain-future-as-lagos-begins-new-regulations/

[/quote

It seems once the you figure out a way to survive in Nigeria
Govt comes for you

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

The summary of your analysis is what the government intends to achieve. Power players in Lagos both in and out of government are mostly NURTW Agberos, so it will not be wrong for anyone to assume they want to frustrate e-hailing operators.

Tinubu I hail you o. Money making scheme.

This is discouraging


Meanwhile check my signature

OgbeniSamm:
Lol you sure?

yes o. Uber isn't Gokada o. That's why they can't do anything outright clampdown cos they really want to.

Oh my! What a way of solving the transportation issues in Nigeria! Individuals won't be able to afford this payment, the ubers will transfer it to consumers, consumers who cannot afford to be paying the continual more expensive fares will resort to buying their cars, using their parked cars or taking danfos, cars/buses will be more on the roads, traffic will become even more dreadful! Please God...biko help me get out if this dreadful country!

It's the same in every country. Governments need to admit that Uber can only work in places where government has failed its people regarding infrastructure. Taxis and Uber should be one of many options.

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

revolution is looming and increase in internet fraudsters

Captain001:
The summary of your analysis is what the government intends to achieve. Power players in Lagos both in and out of government are mostly NURTW Agberos, so it will not be wrong for anyone to assume they want to frustrate e-hailing operators.

Ride hailing taxis stayed this long because the assets are managed individually.. have companies not invested in acquiring asset taxis such as red cab, metro cab, Afri cab etc.. where are they today..

Lagos needs all the money for someone's presidential ambition come 2023.

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

My brother, this latest Lagos government no get better cabinet. Them just dey reason anyhow! Life must be incredibly hard for Lagosians at all cost ni fa! First, they took away grassroot transportation without any reasonable replacement, now they want to chase away middle level transportation to investors. It is well. May God bless this county with good leadership.

Dey sha wan use style collect food from poor man mouth

Unrated900:
Another disaster loading for the hustlers


More yahoo boys loading if uber isn’t feeding them


The problems of the country is the government

Always waging war on citizens since 1960

Spits


Where is my international passport

With the white man and foreigners ruling prior to 1960, things were better!

sisisioge:
My brother, this latest Lagos government no get better cabinet. Them just dey reason anyhow! Life must be incredibly hard for Lagosians at all cost ni fa! First, they took away grassroot transportation without any reasonable replacement, now they want to chase away middle level transportation to investors. It is well. May God bless this county with good leadership.

Lebanon ppl protested and current Government resigned while Nigerians are waiting for God to bless with country instead of the Nigerians to take responsibility for themselves and bless themselves with their God given brains.

The black race boasts of NO DEVELOPED COUNTRY. Even the Rwanda and investments in rail Nigeria are being done by the Chinese. Give the same contract to a Nigerian company, the money will be diverted and used to start carrying girls.
Thank goodness I'm not a Nigerian

Anazp:
They won't dare mess with Uber cos Uber is a very STRONG and CONNECTED US company. If you know what I mean

Stupid talk,na Uber own the country?
All they need to do is just shut down the frequency they operate on and nothing will happen

BigBashiru:
Lebanon ppl protested and current Government resigned while Nigerians are waiting for God to bless with country instead of the Nigerians to take responsibility for themselves and bless themselves with their God given brains.

The black race boasts of NO DEVELOPED COUNTRY. Even the Rwanda and investments in rail Nigeria are being done by the Chinese. Give the same contract to a Nigerian company, the money will be diverted and used to start carrying girls.
Thank goodness I'm not a Nigerian

I thank God for you that you're not a Nigerian! Even me wish I'm not!

Protesting or even complaining loudly here is a capital offence. One might be incarcerated or at the worst killed for daring to have a voice. I would rather just leave the country for them...let them ruin it as they will. Soon, they will get old and die like we've been seeing lately. It is well.

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

Your analysis is sound and apt,been an operator myself I can't fault a single thing in all you have said.
Me I don pull out,I don carry my cars waka