Uber cuts price by 40% in Lagos

Uber Nigeria has dropped rates on UberX in Lagos by up to 40%, to offer an affordable and convenient option for Nigerians to move around.

Speaking about the increase, Alon Lits, General Manager at Uber Sub-Saharan Africa said: “We always consider driver economics in each city that they operate in and after years of experience, what we‘ve seen in cities across the world is that lower fares mean greater demand, lower pickup times and more trips per hour — increasing earning potential and creating better economics for drivers.”

This means that not only will riders pay less for their trips but driver-partners will earn more through increased demand.
According to the company, “Riders can expect the same quality experience at a more affordable price and driver-partners should also earn the same, if not more through increased rider demand.
These cuts had resulted in an improvement in the volume of rides requested on the Uber ­app.
 
Alon Lits, General Manager at Uber Sub-Saharan Africa explains, “We always consider driver economics in each city that they operate in and after years of experience, what we‘ve seen in cities across the world is that lower fares mean greater demand, lower pickup times and more trips per hour — increasing earning potential and creating better economics for drivers.

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