Uber Increases Fares To Cover Cost Of Fuel Subsidy Removal

June 22, 2023
Warsaw, Poland - April 30, 2019: View on Uber car (Skoda) with inscription on the street before sunset

E-hailing platform, Uber Nigeria has announced an increase in fares to help drivers cover the recent increase in fuel costs and inflation rate.

Uber, in a statement attributed by Tope Akinwumi, Country Manager for Uber in Nigeria, said the fare adjustment is to help drivers cover rising operating costs and is part of the ongoing efforts to support their driver community.

Join our WhatsApp Channel

“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 maintaining an affordable service for riders.

“Following an in-depth review of the current fuel subsidy removal, Uber updated fares on the 3rd and 9th of June on the app to reflect existing economic conditions.

“We believe these changes have helped better support drivers in increasing their earning opportunities. Furthermore, we lowered the service fee in February 2022 from 25% to 20% to help enable better-earning opportunities for drivers.

“We want the best for drivers who operate on the Uber platform and frequently engage with them directly through roundtables, surveys, phone, and in-app channels to better understand and receive feedback on the realities they face in their businesses,” Akinkunmi said in the statement.

The company also said that it is constantly monitoring local dynamics to see what changes can be implemented and when.

Uber further explained 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.

It noted that drivers on its platform earn more than other ride-hailing platforms in Nigeria.

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries
Previous Story

e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries

Audiomack: Burna Boy Hits 1 Billion Streams
Next Story

Burna Boy Becomes First African Artist To Surpass 1 Billion Plays On Audiomack

Featured Stories

Latest from Business

NGX Group

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

Dollar Trade Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted
e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries
Previous Story

e-Naira: CBN Tasks Tertiary Institutions To Deploy For Tuition, Salaries

Audiomack: Burna Boy Hits 1 Billion Streams
Next Story

Burna Boy Becomes First African Artist To Surpass 1 Billion Plays On Audiomack

Don't Miss

The Race to Immunisation Agenda 2030: We Need to Catch Up

By Dr. Obinna Ebirim, Senior Advocacy Officer at Niyel DAKAR,

Finidi’s Enyimba, Rivers United Drawn Against North African Opponents In CAF Confederation Cup Second Round 

By Izuchukwu OkosiJoin our WhatsApp Channel Nigeria representatives in