Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by CodeTemplar: 4:10pm On Aug 11, 2020 |
HigherEd:
I hope you know these operational taxes would be escalated on ordinary individuals. Haven't we suffered enough? 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? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Basher8583: 4:21pm 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
With this intelligent analysis you still want to carry a gun. Why not go and lecturer. Your future is promising |
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by nnekytravels: 5:19pm 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 Expand income on other people's businesses?. What happened to creating their own business? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by TomiSwag(m): 5:56pm 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
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. 3 Likes |
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by Nobody: 6:20pm On Aug 11, 2020 |
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.
Most times, they are too distanced from reality of the general populace. 2 Likes |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by NkemChukwudi: 8:16pm On Aug 11, 2020 |
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 ![grin](https://www.nairaland.com/faces/grin.png) Yamlegged bastd |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by NkemChukwudi: 8:16pm On Aug 11, 2020 |
Esseite:
Most times, they are too distanced from reality of the general populace. Shut up! |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by zeusdgrt(m): 9:57pm On Aug 11, 2020 |
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by odimbannamdi(m): 11:20pm On Aug 11, 2020 |
diportivo: if u av a car that's the fav of ehailing people
dem go dey stop u everytime ![angry](https://www.nairaland.com/faces/angry.png) Corolla owners go hear am this period |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by darfay: 1:39am On Aug 12, 2020 |
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. I begin to Wonder if people with actual brains not rocks were involved in drafting such policy |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by aytuns(m): 2:49am On Aug 12, 2020 |
Yup... Welcome to Nigeria.. Where the government officials has nothing to offer her citizens other than load heir own pockets, yet impose impossible tariffs to cripple upcoming businesses and innovations.. Brilliant right? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by HigherEd: 7:51am On Aug 12, 2020 |
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? Beyond the usual VAT, I would not. 1 Like |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by CotenantNIG: 11:14am On Aug 12, 2020 |
HigherEd:
Beyond the usual VAT, I would not. paystack already handles that on our platform scary charges |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by igbanbajo(m): 5:56pm On Aug 13, 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
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by dingbang(m): 6:58pm On Aug 28, 2020 |
sinaj: Naija the destiny killer.
Tufia!
Sarah |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by sinaj(f): 6:44pm On Aug 30, 2020 |
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by dingbang(m): 6:49pm On Aug 30, 2020 |
sinaj: Hector where have you been all these while |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by sinaj(f): 7:01pm On Aug 30, 2020 |
dingbang: where have you been all these while in my black hole ![smiley](https://www.nairaland.com/faces/smiley.png) |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by dingbang(m): 7:03pm On Aug 30, 2020 |
sinaj: in my black hole ![smiley](https://www.nairaland.com/faces/smiley.png) lol.. Whatever that is. ![cheesy](https://www.nairaland.com/faces/cheesy.png) hope you good anyways? Done with nysc? |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by sinaj(f): 7:07pm On Aug 30, 2020 |
dingbang: lol.. Whatever that is. hope you good anyways? Done with nysc? sure Im good. Done with nysc too. |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by dingbang(m): 7:17pm On Aug 30, 2020 |
sinaj: sure Im good.
Done with nysc too. ok great. So what are you keeping yourself busy with now? Job or biz |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by sinaj(f): 7:51pm On Aug 30, 2020 |
dingbang: ok great. So what are you keeping yourself busy with now? Job or biz Job |
Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by dingbang(m): 7:56pm On Aug 30, 2020 |
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Re: Uber, Bolt Drivers Face Uncertain Future As Lagos Begins New Regulations by sinaj(f): 8:03pm On Aug 30, 2020 |
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