Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Goldencheese(m): 10:21am On Aug 11, 2020 |
I say amen to your very passionate and intelligent prayer. Thanks. 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! |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by ikabasa1(m): 10:25am On Aug 11, 2020 |
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
|
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by NkemChukwudi: 10:27am On Aug 11, 2020 |
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. ![grin](https://www.nairaland.com/faces/grin.png) Which principal? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Olufemiolaolu(m): 10:53am On Aug 11, 2020 |
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
Our Govt don't think through before putting out policies. The same companies have been operating in other countries since ooo. The same way they destroyed opay. 2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by oglalasioux(m): 10:54am On Aug 11, 2020 |
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. 4 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by litaninja(m): 11:06am On Aug 11, 2020 |
Lmao. Government that can't add value and always wants to issue certificates... 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Lexusgs430: 11:09am On Aug 11, 2020 |
Las Las, den go just pak & go........ |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by emmanuelpopson(m): 11:17am On Aug 11, 2020 |
they should just tell the employed guys doing the work to stop and stay idle..then you Will the level or insecurities and chaos across the state.
shebi Sanwoolu and his goons can be here and there. when the whole state is inhabitable for everyone. they will see what the little stipends the guys earn from the hustle does.
the last time that agbero and one million boys were on lock down, everyone was crying and lamenting that they wanna kill the people.
the major work and duty of a government is to make the citizens busy and active. thereby crimes will reduce.. but over here, the reverse is the case.. 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by cloudseth(m): 11:36am On Aug 11, 2020 |
2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by stacyadams: 11:44am On Aug 11, 2020 |
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 ͡°)☞ ![grin](https://www.nairaland.com/faces/grin.png) no mind dat guy 2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by stacyadams: 11:47am On Aug 11, 2020 |
2 Likes 1 Share |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Ulomoney(f): 12:02pm On Aug 11, 2020 |
When has governor Sanwoolu ever brought a good policy? It's always one ridiculous policy after another. ekwerendi: Bad policy 2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Nobody: 12:03pm On Aug 11, 2020 |
stacyadams: ![grin](https://www.nairaland.com/faces/grin.png)
Some people said he is doing very well He may be doing well in some other areas. Besides, those who benefit from his government, directly or otherwise will hype him. 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by themonk(m): 12:08pm On Aug 11, 2020 |
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 Uber and Taxify are not in profit yet. Stocks have grown but they are not in profit. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by cloudseth(m): 12:10pm On Aug 11, 2020 |
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
You've said everything. Na armed robbery and/or cyber-fraud government dey prep everybody for so... ![cry](https://www.nairaland.com/faces/cry.gif) 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by stacyadams: 12:19pm On Aug 11, 2020 |
FrLukas:
He may be doing well in some other areas.
Besides, those who benefit from his government, directly or otherwise will hype him. ![grin](https://www.nairaland.com/faces/grin.png) 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by lozanni(m): 12:24pm On Aug 11, 2020 |
helinues: ![grin](https://www.nairaland.com/faces/grin.png)
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 Government is right in trying to expand their income base due to the fall in oil prices which is also reflected on the Federal allocations they get. However, the SOCIAL COSTS of any new policy they seek to implement should be considered as well. If the new service charges on the drivers are implemented without regard to the drivers and the fleet owners, millions of people , including the The TNC companies like Uber and Bolt staff could end up being thrown out of job. The multiplier effect of the above policy on the economy, safety and well being of citizens as a result of the above is better imagined than experienced ! I have a feeling that the government is yet to fully understand the cost factors involved in the operation of e-hailing service companies and their operators, so they need to take time to study the industry rather than just wrongly assuming that the industry is a cash cow waiting to be milked endlessly. 1 Like 1 Share |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Investnow2017: 12:25pm On Aug 11, 2020 |
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? You even skipped SECURITY 1 Like 1 Share |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Nobody: 1:04pm On Aug 11, 2020 |
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
You brought it down well. There is no business in Nigeria. That is what I tell people who have not ventured into business before now. They won't know till they get bitten. As for the politicians, who are always finding it easy to tax businesses or increase existing taxes, it's because they are busy feeding fat on government money meant for all. I don't really blame them. I can't even invest in any business in Nigeria even if I have N1bn except meat production or rental property. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Nobody: 1:09pm On Aug 11, 2020 |
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. Nigerian govt is known for killing businesses. OBJ and GEJ were the last business friendly presidents Nigeria had. This is the result of taking a salary earner who has never run a business in his life and voting him in as your Governor or President. The average Nigerian voter no get sense. They assume to know everything when they haven't even tipped 10% of existing knowledge. 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by oaugraduate1234(m): 1:09pm On Aug 11, 2020 |
Lagos State is always happy at victimizing people. Its like the success of Lagosians is not their priority |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by King44(m): 1:21pm On Aug 11, 2020 |
Useless policy, Sanwo olu wants to render the youths that are managing jobless.
I fault this policy, a bad initiative.
This is the first time he is making a policy I don't like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by HyAccent: 1:49pm On Aug 11, 2020 |
Driving with these e - hailing companies ain't what it used to be. The business is now glorified slavery. When I see guys struggling and hustling for cars to drive on hired purchase/delivery I feel like crying for them. When even I couldn't break even driving my own car on the App I wonder how they manage to deliver to the owner. Then government is now adding this?
We go get sense last last. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by wiloy2k8(m): 1:50pm On Aug 11, 2020 |
Tomorrow . This youths would vote in this dead politicians .. continue |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by HyAccent: 1:53pm On Aug 11, 2020 |
Driving with these e - hailing companies ain't what it used to be. The business is now glorified slavery. When I see guys struggling and hustling for cars to drive on hired purchase/delivery I feel like crying for them. When even I couldn't break even driving my own car on the App I wonder how they manage to deliver to the owner. Then government is now adding this? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by thecommunist(m): 2:58pm On Aug 11, 2020 |
Living in Lagos is not easy. 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by zeusdgrt(m): 3:04pm On Aug 11, 2020 |
NkemChukwudi:
Which principal?
Keep asking question u already know the answer to |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by blackgold7777(f): 3:20pm On Aug 11, 2020 |
abey i don read the post like two times but i knw umderstand abeg pls explan it to me pls. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by armadeo(m): 3:20pm On Aug 11, 2020 |
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. I said this about the bikes. Now they are pushing the cabs out. They want to make way for a new solo transport company that will take care of bikes and cabs all at once. Owned by someone in or close to the government. Let's be looking 2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by ekwerendi(m): 3:43pm On Aug 11, 2020 |
Ulomoney: When has governor Sanwoolu ever brought a good policy? It's always one ridiculous policy after another.
My dear..... I no fit shout ooooooooooooo |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Niftyrules(m): 3:48pm On Aug 11, 2020 |
helinues: ![grin](https://www.nairaland.com/faces/grin.png)
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 It is not even one of their buddies this time around. It is the government itself. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by HigherEd: 3:57pm On Aug 11, 2020 |
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.
I hope you know these operational taxes would be escalated on ordinary individuals. Haven't we suffered enough? |