RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Uber Highlights N6.1 Billion Annual Driver Earnings in Nigeria Amid Ongoing Lagos Strike

Stephen Akudike by Stephen Akudike
March 20, 2026
in Economy
Reading Time: 2 mins read
A A
0
Uber Partners with Waymo to Introduce Self-Driving Cars, Advancing Autonomous Driving.

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

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Uber Technologies Inc. has disclosed that its platform facilitated a collective N6.1 billion in additional annual earnings for drivers across Nigeria in 2023, according to the company’s Economic Impact Report for the country, released amid a continuing strike by ride-hailing operators in Lagos.

The walkout, which began on Monday, March 17, 2026, and persisted through Tuesday and Wednesday, has disrupted services on major platforms including Uber, Bolt, and inDrive. Drivers have cited escalating operational costs—particularly fuel prices and vehicle maintenance—alongside low trip fares and unfavourable working conditions as the primary reasons for the industrial action.

AlsoRead

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

Tax Revenue More Than Doubles to N27.1 Trillion After 113% Surge

NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots

In response to the strike, Uber emphasised the critical role drivers play in its ecosystem and reaffirmed its commitment to constructive engagement. “Drivers are at the heart of our business,” the company stated, noting that it maintains regular roundtable discussions with drivers to address concerns and improve conditions.

The N6.1 billion figure represents the estimated additional income drivers earned through the Uber app nationwide, rather than individual earnings, which vary depending on hours worked, number of trips completed, and personal operating expenses. Uber launched operations in Nigeria in 2014, starting in Lagos and later expanding to Abuja, Port Harcourt, and Ibadan, establishing itself as one of the dominant players in the local ride-hailing market.

This is not the first time Lagos drivers have downed tools. Previous protests have similarly focused on commission structures, fare levels, and the rising cost of doing business in the sector. The recurring disputes reflect persistent tensions between platform operators and drivers, even as the industry continues to generate significant economic activity and income opportunities.

Uber expressed its preference for dialogue over confrontation, indicating that ongoing conversations could lead to adjustments in fare policies, commission rates, or other operational terms. The resolution of the current strike will likely influence working dynamics across Lagos’s ride-hailing ecosystem, which serves millions of daily commuters and remains a vital component of urban mobility in Nigeria’s commercial capital.

As the industrial action enters its third day, both riders and drivers await developments that could restore normal service levels while addressing the underlying grievances fuelling the unrest.

Tags: Uber
Previous Post

NGX Market Cap Dips Below N130 Trillion as Profit-Taking Takes Hold

Next Post

Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025

Related News

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

by Akpan Edidong
August 10, 2026
0

Nigeria’s foreign exchange demand for oil-sector imports rose sharply by 114.91 per cent in 2025, underscoring the country’s continued reliance...

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Tax Revenue More Than Doubles to N27.1 Trillion After 113% Surge

by Victoria Attah
August 10, 2026
0

Nigeria’s tax collections have risen by 113 per cent in less than three years, climbing from N12.3 trillion in 2023...

NNPCL to Supply Dangote Oil Refinery With Crude Oil For Testing

NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots

by Akpan Edidong
August 5, 2026
0

The Nigerian National Petroleum Company Limited has cut the pump price of petrol from N1,335 to N1,299 per litre, a...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Brent Crude Falls More Than $16 in Eight Sessions as US and Iran Signal Diplomacy

by Akpan Edidong
August 3, 2026
0

Brent crude has dropped more than $16 per barrel over eight trading sessions, wiping out most of the gains sparked...

Next Post
CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigerian Stock Market Witnesses N35 Billion Dip in Market Cap as Key Stocks Decline

NGX Closes Week Higher at 245,573 Points as Banking Stocks Rally

August 10, 2026
Investment Bankers Applaud CBN Reforms Amidst Challenges, Embrace Growth Opportunities

CBN Cancels N700 Billion T-Bills Auction After Aggressive Liquidity Withdrawal

August 10, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Kenya’s Equity Group Sacks 1,200 Employees in $15.4 Million Fraud Crackdown

    0 shares
    Share 0 Tweet 0
  • Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

    0 shares
    Share 0 Tweet 0
  • FG Launches Probes into Meta, DHL, and OPay for Alleged Data Breaches

    0 shares
    Share 0 Tweet 0
  • Fixed Income, Equity and Money Market Update

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>