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Bolt Jerks Up Ride Fares In Abuja

by Nafisat Abdulrahman
11 months ago
in News
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One of Nigeria’s leading ride-hailing platforms, Bolt, has carried out upward review of its pricing structure for riders in the Federal Capital Territory (FCT).

Effective from Friday, August 30, 2024, the company said it has increased fares for its Bolt car category in Abuja.

The new pricing reflects increases across several components.

According to the management, the revised pricing for Bolt rides now has the minimum fare raised from ₦1,300 to ₦1,495 while the start fee has been adjusted from ₦737 to ₦884.

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The company has also adjusted its cost per kilometre from ₦124 to ₦152 while charge per minute is now ₦25, up from ₦21.

Bolt’s management emphasised that the prices revision is part of a broader strategy to enhance drivers’ overall earning potential.

“This is aimed at ensuring that drivers can cater to their operational expenses while remaining affordable for riders,” the company stated.

The company reiterated its dedication to remaining the most competitive ride-hailing platform for drivers in Nigeria and ensuring that drivers receive adequate compensation for their time and effort.

This development followed repeated requests by Bolt drivers for the company to revisit the prices on the ride-hailing app due to increased cost of living.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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