UPDATE GIGS MEDIAUPDATE GIGS MEDIA
  • Home
  • Entertainment
  • Business & Finance
  • Education
    • Scholarships
  • Lifestyle
    • Health & Fitness
    • Travel
    • Dating & Relationships
    • Do it yourself
  • Tech
  • Privacy Policy
Facebook Twitter Instagram
Facebook Twitter Instagram
UPDATE GIGS MEDIAUPDATE GIGS MEDIA
CONTACT US
  • Home
  • Entertainment
  • Business & Finance
  • Education
    • Scholarships
  • Lifestyle
    • Health & Fitness
    • Travel
    • Dating & Relationships
    • Do it yourself
  • Tech
  • Privacy Policy
UPDATE GIGS MEDIAUPDATE GIGS MEDIA
Home » Ride-hailing drivers in Nigeria unimpressed by Bolt’s new N6000 bonus
Tech

Ride-hailing drivers in Nigeria unimpressed by Bolt’s new N6000 bonus

adminBy adminJune 9, 2023No Comments4 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
pexels-neosiam-590059-2-scaled.jpg
Share
Facebook Twitter LinkedIn Pinterest Email


As the nationwide strike by ride-hailing drivers lingers, Bolt has introduced new incentives to drivers operating on its app, but they aren’t impressed.

This week, ride-hailing drivers began a strike to ask for an increase in the base fares charged by Uber and Bolt in Nigeria. Bolt has now offered a bonus of N6,000 to the striking drivers. The bonus comes with conditions like completing between 9 to 11 trips, working at least 7 hours and accepting up to 90% of orders. The ride-hailing company also increased its surge pricing—a strategy used to motivate drivers to work during periods of high demand—–by 5%. Despite these new offers by Bolt, drivers who spoke to TechCabal say they’re unimpressed.

“Do the right thing”

For the Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON), Bolt’s move still falls short. “The N6000 bonus is not bad in itself, it’s just an approach to justify their error,” Comrade Idris Shonuga, a national trustee of the union, told TechCabal. “The operating costs of drivers have increased. It’s a simple mathematics, you don’t need to dash anybody money. Do the right thing.”

Shonuga also pointed out that Bolt is yet to recognise the AUATWON as a  representative of ride-hailing drivers in Nigeria. He believes Bolt should organise a dialogue with the ride-hailing union to address the price dispute. “Bolt is just a moderator, they can’t determine the price of the service without carrying the stakeholders along. The price being dished out by them in response to the fuel hike does not reflect on the profit of the drivers and partners (car rentals),” he said. “The position of the union is to have a round table discussion with all the stakeholders of ride hailing platforms.”

Celestine Finbar, a Bolt driver, told TechCabal that if Bolt truly wants to help drivers with incentives, they should eliminate the conditions. “Don’t give me conditions on what you claim to be a bonus,” he says. “Is the N6000 even free? You have to do a lot of trips to get that money, with what fuel? “

Advertisements
Advertisements

Finbar believes that Bolt could enhance their approach by reducing their commission. “Since they [Bolt] have N6000 to give, why don’t they reduce their commission? Everybody will be pumped to hit the road. The lower the commission, the more drivers will be willing to drive,” he said. Finbar has stopped working till Bolt reviews its prices.

Felix, another driver who asked to be identified by his first name, says the conditions to be met for the bonus are ridiculous. “All we are saying is that Bolt increase the base fare. Setting conditions for that small bonus is funny when you consider the fact that they will still collect their own commission after the many trips. So I don’t see the point,” he told TechCabal.

For Bolt, the incentives aren’t about the protests

Bolt claims the incentives were unconnected to the ride-hailing drivers’ strike. “Drivers are well within their human rights to engage in peaceful demonstrations, and Bolt respects this,” Yahaya Mohammed, Country Manager, told TechCabal in an email.  “We offer recurring bonuses to our drivers, completely independent of the current circumstances. On the other hand, surge pricing is determined by market factors such as supply and demand.” 

Bolt maintains its position of being wary of decreased patronage if fare prices are too high, but the ride-hailing company adds that it is open to review the situation in the best interest of both passengers and drivers. “The welfare of our drivers is at the forefront of Bolt’s decision. We adjusted the fares taking into account the issue of demand and supply. Excessively high prices will discourage passengers from ordering rides, thus negatively impacting drivers’ earnings. Therefore, our revised fares aim to strike a balance between better compensation for drivers and manageable prices for passengers,” Mohammed said. “Bolt is committed to analysing and conducting extensive reviews to ensure that we continue to provide the best earnings for drivers on our platform and remain the most affordable and preferred platform for passengers.”

What do you think about our stories? Tell us how you feel by taking this quick 3-minute survey.

Get the best African tech newsletters in your inbox

More latest updates

  • My son and his partner bought a new build with Help to Buy – do they now lack the income to remortgage?
    My son and his partner bought a new build with Help to Buy – do they now lack the income to remortgage?
    by admin●September 14, 2023
  • Over two thirds of councils have no plans to install residential on-street chargers for electric cars
    Over two thirds of councils have no plans to install residential on-street chargers for electric cars
    by admin●August 15, 2023
  • 👨🏿‍🚀TechCabal Daily – Worldcoin goes global
    👨🏿‍🚀TechCabal Daily – Worldcoin goes global
    by admin●July 25, 2023
  • Nigerian insurance startup, MyCover.ai closes $1.25m pre-seed fund
    Nigerian insurance startup, MyCover.ai closes $1.25m pre-seed fund
    by admin●July 24, 2023

Share this:

  • Tweet
Advertisements

Advertisements

Related

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
admin
  • Website

Related Posts

👨🏿‍🚀TechCabal Daily – Worldcoin goes global

July 25, 2023

Nigerian insurance startup, MyCover.ai closes $1.25m pre-seed fund

July 24, 2023

Kenya tax authority goes for Upwork freelancers in new tax net

July 24, 2023

The middle ground for Africa’s traditional economy vs. gig economy

July 24, 2023

eTranzact reports N1.17 billion profit after tax for 2022

July 24, 2023

Africa Walk to dispel myths about investing in the creative industry

July 24, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Don't Miss
Tech

Has NFT found its biggest mainstream proponent yet in Africa?

By adminApril 13, 2022

The past few days have been good for NFT in Africa—Nigeria and Ghana, to be…

Share this:

  • Tweet

👨🏿‍🚀 TechCabal Daily – MTN is accelerating mobile money in Nigeria

April 13, 2022

Didi shuts down operations in South Africa

April 13, 2022

Back from the future: How embedded finance changed the world

April 13, 2022

Can Hytch succeed where GoMyWay failed?

April 13, 2022

More African central banks are considering digital currencies

April 13, 2022

This bootstrapped drone startup is promoting smart farming in Zimbabwe

April 13, 2022

The Next Wave: Africa does not know itself

April 13, 2022

TechCabal Daily – Kenya’s new law for content creators

April 14, 2022

INDUSTRY EXPERTS DISCUSS THE GROWTH AND FUTURE OF FINTECH IN NIGERIA AND INDIA IN SYMPOSIUM BY CLI COLLEGE, NIGERIA AND CHRIST UNIVERSITY, INDIA

April 14, 2022

28 days after launching investment arm, Luno crosses 10m user base

April 14, 2022

👨🏿‍🚀 TechCabal Daily – The war for Twitter

April 15, 2022

Digital Nomads: Julian Owusu’s journey from football to fintech

April 15, 2022

In the wake of explosive accusations against Africa’s most valuable startup, Flutterwave co-founder speaks

April 16, 2022
Advertise with us
update gigs advert images
LATEST

My son and his partner bought a new build with Help to Buy – do they now lack the income to remortgage?

September 14, 2023

Over two thirds of councils have no plans to install residential on-street chargers for electric cars

August 15, 2023

👨🏿‍🚀TechCabal Daily – Worldcoin goes global

July 25, 2023
About Us
About Us

We are dedicated to bringing you news from around the world that is entertaining, educative, informative and self inspiring.. Your source for the lifestyle news.

We're accepting new partnerships right now.

Email Us: updatemedia050@gmail.com

Subscribe to Updates

Get the latest news from Update Gigs Media about entertainment, sports, lifestyle, art, design and business.

Facebook Twitter Instagram
© 2023 Designed by Ntechy Digital System.

Type above and press Enter to search. Press Esc to cancel.