Uber is one of Nigeria’s safest transport systems and companies. As more and more investors begin to get lured by its relatively secure operation, there is a need to sort out ways to raise funds for this business, especially as one may ask: “Do I need a loan to start Uber business in Nigeria?
Transport service at your beck and call? Realtime response to requests for transportation? Reliable payment platforms and drivers? Uber is your best bet. The coming of Uber to Lagos is a welcome development. While the system is quite appealing to its many customers, the newest interest that it has piqued is that of investors. With Uber, the problem of having your car driven by drivers who never remit funds is almost nonexistent. It is still transportation in Nigeria, minus the transport touts and their misdemeanor.
You need money first. Money is what you will use to buy the car or cars that you can start an Uber partnership wiith. Money is also reuired to meet the other minor obligations that such a business places on you. You can do this from your savings, or make use of all the loan resources available, maybe borrow cash from some microfinance institution or look up loans using our free loan search. Of course, you need a good car, one that matches the company’s specifications. In fact, at the time of writing this, a document released by the Uber office at Maryland, Lagos (Nigeria) Shopping Mall says that to partner with Uber, you need:
- Current Account
- Tax Identification Number.
- Vehicle (2000 or newer)
- Vehicle must be 4-door car
- A driver with driver’s license, email address, and knowledge of Lagos City.
Uber won’t give you a driver, but you can visit some sites provided by Uber to source for drivers. You will still be required to do background checks on your driver(s) though. You and the driver negotiate payment, not Uber. Uber says you can make about #50,000 to #150,000 naira per week (gross), unless you have issues like inefficient travels between trips,poor use of the air conditioner,etc.
Want To Do This? Cash Strapped? Get A Loan!
If you think that this business is enticing enough for you, but you do not have the amount required to start or complete the process, you can [borrow cash] from [moneylenders, or check out our featured banks and free loan search to get a list of possible loan facilities.