Uber Nigeria has announced an increase in fares between June 3rd and June 6th, aimed at assisting drivers who are grappling with the challenges posed by inflation and the recent fuel price hike.
The company’s decision reflects its commitment to providing better earning opportunities for drivers while maintaining an affordable service for riders.
According to Uber, the fare adjustment is designed to help drivers cover rising operating costs and is part of their ongoing efforts to support their driver community.
In a statement attributed to Tope Akinwumi, Country Manager for Uber in Nigeria, he said:
According to Uber, the June 2023 fare increases are designed to help drivers cover the recent increase in fuel costs, not the entire cost of fuel.
The company also said that it is constantly monitoring local dynamics to see what changes can be implemented and when.
Uber also said that its service fee ensures the running of the Uber App and helps it maintain and make continuous investments to enhance its technology designed to meet the needs of riders and drivers.
The company claimed that drivers on its platform earn more than other ride-hailing platforms in Nigeria.
Uber is one of the leading ride-hailing platforms in Nigeria, offering services such as UberX, Uber Comfort, Uber Greenlight Hubs, and Uber Cash. The company has faced competition from other players such as Bolt, InDrive and Gokada.
Last year, 2022- the ride-hailing company had several fare increases to help drivers with the spike in operating costs. Following the hike in fuel price at N500/L, inflation of 22.41%, the news fares is a reflection of the current macroeconomic reality in Nigeria.
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