Uber Technologies Incorporation and KIA Motors Corporation in collaboration with Access Bank Plc have partnered to change the face of transportation in Nigeria’s business Hub, Lagos.
In order to boost its number of member drivers, Uber negotiated with its partners to drastically reduce the down payment for new vehicles from N200,000 to N95,000, repayable over the period of four years.
According to Alon Lits, Uber’s general manager for sub-Saharan Africa, this will increase the number of employments it has provided from the current 600 to 3000 by the end of 2016.
Uber’s transport solution uses the technology of Global Positioning System (GPS) to connect drivers and commuters on a smartphone. Uber has been operating in Lagos since 2014 and it has recorded much success and wide acceptance from commuters.
Uber operates two packages in Lagos, the Uber Black and Uber X. Uber Black makes use of more expensive cars with the same rate or a little less than normal taxi costs. Uber X goes on a lower premium.