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

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan

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

FG Obtain $300 Million World Bank Palliative Loan

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

by Victoria Attah
October 30, 2026
0

President Bola Tinubu has defended his administration’s planned external borrowing, arguing that loans should be judged by the infrastructure they...

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

by Akpan Edidong
October 30, 2026
0

Petrol depot prices in major supply hubs have climbed as high as ₦1,349 per litre, while Dangote Petroleum Refinery has...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan

by Victoria Attah
October 28, 2026
0

President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.05 billion...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Group Profit Before Tax Jumps 83% to ₦20.6 Billion as Trading Boom Lifts Earnings

by Jide Omodele
October 28, 2026
0

Nigerian Exchange Group Plc reported profit before tax of ₦20.6 billion for the nine months ended 30 September 2026, an...

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

FG Obtain $300 Million World Bank Palliative Loan

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

October 30, 2026
Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

October 30, 2026

Popular Story

  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Binance Flags $6.3 Billion Security Hit as $3 Billion in Crypto Is Frozen

    0 shares
    Share 0 Tweet 0
  • Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

    0 shares
    Share 0 Tweet 0
  • World Bank Report Reveals Nigeria’s logistics performance drops massively.

    0 shares
    Share 0 Tweet 0
  • Nigerian Stock Market Ends November in Decline, Breaking Five-Year Streak

    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}
?>