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Business News of Monday, 5 October 2020

Source: www.mynigeria.com

Uber increases fares in Nigeria

Uber increases its fares in Nigeria Uber increases its fares in Nigeria

Global ride-hailing firm, Uber has increased its fares on UberX with effect from Tuesday, October 6, 2020.

UberX is the most popular private car service on offer at Uber, commonly referred to as the ‘low-cost option’ for riders, Nairametrics reports.

This was disclosed by the company, in an e-mail shared with the riders.

The ride-hailing firm increased its minimum fare from N400 to N500, Base from N200 to N220, per kilometer from N60 to N65.

The firm explained that the decision was taken to balance reliable earning opportunities for driver-partners, as well as a reliable and affordable service for the riders.

It stated, “While we have always tried to keep prices as low as possible, we need to be aware of the increased costs for driver-partners. This comes after implementing an in-depth earnings review to ensure that the Uber app continues to be a reliable economic opportunity for driver-partners, as well as an affordable option for riders. We believe that these fares remain competitive, and we’re committed to offering high-quality service to driver-partners in Lagos.”