How Profitable Is Keke Napep / Tricycle Transportation Business In Nigeria

Tricycle or Keke Napep transportation is on the rise across major Nigerian cities.

how profitable tricycle transportation is in nigeria

Tricycles popularly called Keke Napep in Nigeria is mostly used for short distance transportation and inter street movements across most Nigerian cities.

This is why starting keke Napep business in Nigeria is very lucrative and profitable.

It has become an alternative to buses and taxi in transportation business.

Most people especially younger Nigerians are always in preference to invest in Tricycle transportation because of certain factors.

It is cheaper to purchase when compared to buses and taxi in Nigeria.

Tricycle is also cheaper and easy to maintain than a vehicle and above all, it is easy to manage and lease out.

There is no doubt that transportation business is very lucrative and profitable in Nigeria.

Nigeria is one of world most populous countries and the need to transport people and goods will continue to grow and thrive.

The above task is what Tricycle have come to carry out. Advantage of Tricycle over vehicles is that it can ply the most remote places and inner most streets that might not be so accessible for vehicle movements.

It is also highly preferred by passengers for charter because is cheaper than vehicles. Most potential investor in Tricycle and Keke Napep transportation business in Nigeria might be asking how lucrative the business is.

The above question is what this post have come to answer.

Most Tricycles are leased out by owners to driver on hire purchase who becomes owners of the tricycle after remitting some stipulated amounts for a period.

Because it is a business in which the investor expects to make profit, most contracted drivers are expected to remit more than the cost of the tricycle.

In this article, an assessment of how much keke drivers make in Nigeria will be made.

Also, to be found in this post is how to start and manage keke Napep business in Nigeria

How Much Tricycle / Keke Napep Operators Make Daily?

How much a Keke Napep operator makes each day depends on how populated his route is and daily movement people.

On Average, an operator plying a very busy and highly populated area makes between N4000 to N7000 daily.

Contracted operators of Tricycle are always expected to pay between N15000 to N20000 to tricycle owners every week until a specified amount is met.

So, this has shown how lucrative and profitable keke Napep business is in Nigeria especially, southern Nigeria.

How To Start Keke Napep Business in Nigeria

Many Nigerians are in to the business of Keke Napep transportation.

Most of them own more than ten (10) Keke Napep tricycles contracted out to different drivers who send in weekly agreed sum to the business owner.

It is one of the best way to earn passive income in Nigeria.

However to successfully start and manage keke Napep business in Nigeria, certain logistics and conditions must be met.

Below are some of the best ways to set up keke Napep transportation business in Nigeria.

Hire Drivers with Two Sureties

To successfully start and manage keke Napep business in Nigeria, only drivers willing to produce two sureties residing in the city should be considered.

It is always effective when one of the two sureties is a blood relation.

Legal AgreementĀ 

The weekly or monthly returns must be contained in an agreement meant signed and sealed by legal personnel. This is to authenticate and make the agreement an official one.

Install TrackerĀ 

To effectively monitor the movement and activities of your keke drivers, install trackers in all of them which can afford your the opportunity to track or turn off the tricycles.

This is very helpful when dealing with erring keke driver who isn’t abiding by his agreement and conditions.

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The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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