Uber contributes N34 bn to Nigeria’s economy – Report

A caller study connected Monday revealed that thrust hailing elephantine Uber contributed an estimated N34 cardinal to Nigeria’s system successful 2023.

The findings of the Uber Nigeria Economic Impact Report, which was conducted by Public First, was inaugurated astatine the caller Lagos Road Mobility Summit.

This was an lawsuit co-hosted by Uber and the Lagos State Ministry of Transport, which had the theme: “Reimagining an Inclusive Road Safety Strategy.”

It brought unneurotic cardinal stakeholders from authorities agencies on with planetary information experts and backstage assemblage leaders.

The study said that Uber provided important worth successful convenience, information and empowerment for drivers and riders.

The General Manager, Uber Sub-Saharan Africa, Deepesh Thomas, said astatine the acme that beyond the nonstop economical contribution, Uber riders enjoyed a user surplus valued astatine astir N500 cardinal done savings successful time, outgo and convenience.

Thomas said that the study besides focused connected the socio-economic benefits for thousands of drivers connected the platform.

He said that drivers earned N6.1 billon much successful 2023, with their mean net being 34 per cent higher than their adjacent champion alternative.

According to him, the survey besides placed a worth of N6.3 cardinal connected the flexibility drivers person to take their ain moving hours.

“It is simply a cardinal origin for 88 per cent  of drivers who said this flexibility helps them equilibrium household responsibilities.

“The study besides recovered that information and convenience are the superior reasons Nigerians take the service.

“With 97 per cent of riders citing information arsenic a cardinal crushed for utilizing the app,” helium said.

Thomas noted that the survey showed that this was peculiarly existent for women, arsenic 78 per cent stated that Uber was the safest mode for them to get location astatine night.

He added that 79 per cent of riders agreed that the work helped to trim drunk driving by offering a reliable mode to question aft dark.

According to him, beyond idiosyncratic benefits, the study indicated that Uber’s beingness has a affirmative ripple effect connected section communities.

The wide manager said that  the level generated astir N930 cardinal for the nighttime system and added N5.4 cardinal successful worth to Nigeria’s increasing tourism sector.

He said that the survey besides noted that riders collectively saved much than 1.8 cardinal hours successful 2023, clip that could beryllium redirected to different idiosyncratic and nonrecreational pursuits.

The acme itself served arsenic a level for dialog connected Nigeria’s roadworthy information challenges.

The cardinal participants included Mr Olasunkanmi Ojowuro, Director of Transport Operation, Lagos State Ministry of Transport, and representatives from the FRSC.

Marisela Ponce de Leon Valdes, a Senior Transport Specialist with the World Bank’s Sub-Saharan Africa Transport Policy Programme (SSATP) team, besides presented insights from the Africa Road Safety Status Report 2025.

A high-level sheet treatment with transport leaders underscored the value of public-private collaboration.

The panellists were Efunlola Hughes, Head of Driver Operations for Uber West Africa, and representatives from LASTMA and different transport agencies.

The organisers said that by bringing unneurotic a divers radical of stakeholders, it highlighted the imaginable of technology-driven platforms successful creating safer, much inclusive transport systems for each Nigerians.

The station Uber contributes N34 bn to Nigeria’s system – Report appeared archetypal connected Vanguard News.