Uber Nigeria has announced a price rise, with the goal of aiding drivers who are dealing with inflation and the recent fuel price increase.
The decision underlines the company’s dedication to providing better earning opportunities for drivers while keeping the service inexpensive for riders. According to Uber, the rate increase is intended to assist drivers in covering increased operational costs and is part of the company’s continued efforts to support its driver community.
According to Tope Akinwumi, Uber’s Country Manager in Nigeria, “Drivers are at the heart of everything we do, and we continue to work on initiatives and engage with drivers to help make Uber the app of choice for drivers while keeping the service inexpensive for riders.
“Following an extensive study of the current fuel subsidy withdrawal, Uber changed fares on the app on June 3rd and 9th to reflect current economic conditions. We believe that these modifications have made it easier for drivers to increase their earning potential.
Furthermore, in February 2022, we reduced the service price from 25% to 20% to help drivers earn more money. We want the best for Uber drivers and routinely communicate with them directly through roundtables, surveys, phone calls, and in-app channels to better understand and receive input on the realities they confront in their businesses.”
The June 2023 pricing hikes, according to Uber, are intended to help drivers absorb the current increase in fuel expenses, not the total cost of fuel. In addition, the corporation stated that it is always analyzing local dynamics to determine what modifications can be done and when.
Uber further stated that the service fee assures the continued operation of the Uber App and allows it to maintain and make continuing investments in technology tailored to fulfill the demands of riders and drivers.
Drivers on its platform earn more than those on other ride-hailing services in Nigeria. Uber is one of Nigeria’s top ride-hailing platforms, providing services such as UberX, Uber Comfort, Uber Greenlight Hubs, and Uber Cash. The business has encountered competition from other players such as Bolt, InDrive and Gokada.
