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.

Solatium:


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

babzo:


Other countries? Where there is 24 hour light; Near instant response by Police in case of violent crime; stable price of products; GOOD ROADS; 24 hours emergency hospital and ambulance;
Or which countries?

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

Esseite:


Me too bro... it's terrible, my friend pulled out last week (all six).. counted his loss rather than the constant heart attacks..

MagumForce:

Oga,if you didn’t know,Uber and Taxify pay taxes in most countries they operate. The parent company must pay tax. Inasmuch as we hate the Govt so much, we must applaud them when they make the right move. Oya,go to Estonia or USA, make an App and start gaining traction or profit and see whether the Govt wont come for you-considering again that you’re not even a citizen of that country. Just because it’s a faceless company here doesn’t mean they should not pay tax. They know they have to. Let them stop milking us dry all in the name of providing services.

Openbusiness4:
story for d gods, so u have d infrastructure Estonia has? Does it take 3 hours to drive 20KM journey in USA? 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 ͡°)☞

MagumForce:

Your opinion, your choice.

Openbusiness4:
daz d way out of my mentions (☞ ͡° ͜ʖ ͡°)☞

Openbusiness4:
my car, my labor, my sweat, my risks, my losses, my reward, my money....Your fu******ing armed robber agbero goverment should take their filthy pilfering hands off it! FYI, if it were possible for all Uber and Taxify and all e-hailing drivers in Lagos State to choose whether to drive their cars Lagos or Estonia and America that you are making comparison with, 100% of all the drivers will ship their cars abroad and go drive there and leave your evil goverment and their agbero city alone to tax the wind and the birds. Useless thieves. God punish der papa.

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:
my car, my labor, my sweat, my risks, my losses, my reward, my money....Your fu******ing armed robber agbero goverment should take their filthy pilfering hands off it! FYI, if it were possible for all Uber and Taxify and all e-hailing drivers in Lagos State to choose whether to drive their cars Lagos or Estonia and America that you are making comparison with, 100% of all the drivers will ship their cars abroad and go drive there and leave your evil goverment and their agbero city alone to tax the wind and the birds. Useless thieves. God punish der papa.

MagumForce:

Oga, please direct your anger or whatever to the right authorities. I only tried to explain-I am not their mouthpiece. Take your bitterness somewhere else. Not this morning please, not this morning.

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

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

BigBashiru:


The roads in Nigeria are actually good. It's the citizens that don't drive according to road conditions which results in accidents.

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

gnykelly:
yahoo seems to be the best thing for youth to go into. all avenues to legal wealth has been frustrated

gnykelly:
yahoo seems to be the best thing for youth to go into. all avenues to legal wealth has been frustrated

Emmytex5555:
we the Uber drivers are not happy with the Lagos State rules

ziddy:


For real.

This government actually seems intent on making all legal hustle impossible....you'd just be working to fund the lifestyles of politicians and their regulators in the civil service

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

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.

Where is the money........ I. The pockets of Tifnubu and co......... slaves
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