The Lagos State Ministry of Transportation has released regulatory documents for taxi and ride-hailing companies like Uber, Bolt, to be enforced from August 20, 2020.
From August 20, 2020, service entities in the city with less than 1,000 drivers are expected to pay a ?10 million ($27,341) licence fee, while those with more than 1,000 drivers are to pay ?25 million ($54,682).
Subsequent renewals are pegged at ?10 million ($27,341) for those with more than 1,000 drivers and ?5 million ($13,670) for those with less.
App and Taxi Operators with 50 cabs or less are expected to pay a ?5 million ($13,670) licence fee, while those with more than 50 cabs are to pay ?10 million ($27,341). The former will pay an annual renewal of ?1.5 million (~$3,870), while the latter will renew at ?3 million ($7,700).
Do you have a story, video for African entertainment? WhatsApp Us on +233543452542
You can also email us at info@AfricanEntertainment.com