Tricycle or Keke Napep transportation is on the rise across major Nigerian cities.
Tricycles popularly called Keke Napep in Nigeria is mostly used for short distance transportation and inter street movements across most Nigerian cities.
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.
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.