HigherEd:

I hope you know these operational taxes would be escalated on ordinary individuals. Haven't we suffered enough?

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

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

TomiSwag:



This is the most intelligent analysis I have ever read on Nairaland. I cannot argue against anything you have stated.

Those lawmakers need to read this.

zeusdgrt:

Well u mentioned a name urself and sorry am not from the east just to let u know that you are more foolish than u thought, infact foolishness is an office and I can see u are occupying it very well

Esseite:


Most times, they are too distanced from reality of the general populace.

NkemChukwudi:


Yamlegged bastd

diportivo:
if u av a car that's the fav of ehailing people

dem go dey stop u everytime

georgeiyke009:
Uber is currently a loss making company. They will pull out. Its that simple. They not making a lot of money from 9ja sef. This is what you get when simps who do not understand a particular value chain make stupid laws. And for all of you talking yada yada, uber and bolt are correct. People do private hires all the time. Abeg emeka come and drop me at the airport, you get someone to drive your car to take your somewhere and u pay the person. The app just lets you connect to more people for this kind of stuff and make some more money. If you have your personal connect, same thing. Government already gets taxes from vehicle registration, license renewals, tolls e.t.c. people are taken off the job market and also mechanics and part sellers have jobs. People are able to drop their cars and get to wherever in comfort. So less cars on the road. Ban them and see a proliferation of cars and more people buy more cars so they can drive in comfort. Are they expecting lagosians to go back to their trashy dirty, hot yellow cabs? Not gonna happen. People seldom downgrade. With the forex issues we have which will also reduce their income, trust me these guys would bail. The most they can do is charge Hackney permits and then maybe vat. But nothing else.

CodeTemplar:
If you build an apartment sharing website and tenants get connected on it, will you be willing to pay tax on a transaction you facilitated or help facilitate?

HigherEd:

Beyond the usual VAT, I would not.

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

sinaj:
Naija the destiny killer.

Tufia!

dingbang:
Sarah

sinaj:
Hector

dingbang:
where have you been all these while

sinaj:
in my black hole

dingbang:
lol.. Whatever that is. hope you good anyways? Done with nysc?

sinaj:
sure Im good.

Done with nysc too.

dingbang:
ok great. So what are you keeping yourself busy with now? Job or biz

sinaj:
Job

dingbang:
great