Keke NAPEP Business in Nigeria is one aspect of transportation business that booming right now. As the population of Nigeria keeps increasing day by day, the need to move people from one place to the other is also on the rise. The transportation measures taken by governments don’t seem to contain the lapses. Evidence of insufficient transport means abound at the bus stops and rail stations. For instance, it is very common to spot people hanging on Train, commercial buses etc, in Lagos state.
Those who do it don’t find fun in risking their lives, the need to get home is suppressing the danger of hanging on a vehicle. The truth is, Nigerian government does not have what it takes to offset the deficit in the transportation system. Many administrations have tried one way or the other to contain the situation but have failed.
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For instance, when the Lagos state government kicked off BRT in 2008, people in Lagos thought solution to their transport woes has finally been found. But that measure only reduced the negative impact of poor transport system to a little degree. Mostly so because, the BRT buses covers only major areas of Lagos, mainly- Mainland – Island routes.
The questions therefore is:- What about those whose businesses take to places not close to the BRT routes, will they rely on privately owned commercial vehicles to get to their destination? The answers to this question is yes. Since poverty and the traffic situation is not encouraging many to get their own ride, a lot of people depend on Privately operated commercial vehicles to move from one street to the other. And this where Keke NAPEP Business comes into play.
The Evolution Of Keke NAPEP Business
President Olusegun Obasanjo introduced Keke Napep in Nov 6, 2002, as part of his poverty alleviation program. Since then, it has become the means of upkeep to many. In the situation where many state governments saw the need to restrict the use of Okada (commercial motorcycle) Keke Napep became a safer alternative, conveying people on short distance journey to their destinations.
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Nigerian youth (most of them graduates) have welcomed it gladly, since it gives them better alternative to staying at home. It also gives anyone who is willing, the opportunity to invest in this lucrative means of transportation. This is how it works:-
Leasing
The cost of Purchase is about N400,000
Register with a Keke station (Association) with N5,000
You lease it at the cost of N650,000
Weekly payment of 15,000 for the duration of 10 months.
Note: Terms and some other conditions may apply. You may work out something different from this analysis with your hire purchaser.
Remember, registration with Three wheelers association of Nigeria will guarantee some measure of security. However, it is your duty to make adequate findings about your hire purchaser. It’s always better if he provides reputable referees.
The fear of the unknown has caused so many people to hold back. If you have such fears, start with one, I mean “a tricycle”. How it fares will help you to determine whether to go further or not. But it is always profitable to buy as many as you can afford to buy, since that will cushion the long time remittance effect. For instance, if you lease 5 Tricycles at the cost N650.000, your profit expectancy in a year will be about N1,250,000.
Note: This analysis of Keke NAPEP Business is based on what is obtainable in Lagos Nigeria.
Doing it Yourself
In case you choose to operate the machine yourself, the result will encourage you to do more. Daily, you could make N4- 7 000 depending on the turn out of passengers in your location. But there are other charges apart from the N5000 reg fee. You are required to pay to the Association N400 – N1000 daily, known as (owo itaa) part of the money goes into government purse. The maintenance is cheap, the parts are readily available, N1,000 fuel could take you for the whole day if your carburetor is sound enough. Remember, maintenance is the key to success when you are using Keke Napep.
You easily make N5,000 per day with your Tricycle if you are operating it yourself. This means, you will be making about N150,000 monthly after expenses. In a year you are talking about N1.5 million minimum earning.
You can decide to expand on this business after a year or chose something else doing. How do you see this? Is it lucrative enough for you or not?
FAQs
guarantee decent, or even fat profit. and an average of N120,000 in a month. while paying a particular sum to you every day. You can also own a Keke Napep transport company.
How to make money with Keke? ›
In many cases, Keke drivers operate as independent contractors, renting the Keke from its owner for a fixed period. The driver typically pays a daily or weekly fee to the owner for using the Keke, along with fuel and maintenance costs. The remaining earnings are retained by the driver as their income.
How much does a new Keke Napep cost in Nigeria? ›
A new TVS Keke Napep typically costs between 2,500,000 and 2,600,000 Nigerian Naira. Another popular brand is Bajaj, which usually costs between 2,300,000 and 2,400,000 Nigerian Naira. There are also other brands like Piaggio and Mahindra, but they are less common.
How much does it cost to buy a tricycle in Nigeria? ›
Average Price of Tricycles in Nigeria
The average price of a tricycle in Nigeria is around N350,000 (about $1,000). This will depend on the type of tricycle you buy, its age, and the make and model.
How much does Keke Napep make in a day? ›
Commercial tricycle business popularly known as “Keke NAPEP” which started as a spare time engagement, is now considered a worthy business by the operators. With a tricycle rider delivering between N5,000 to N7,000 daily, the business generates at least a tangible amount of money daily.
How lucrative is tricycle business in Nigeria? ›
it also gives anyone who is willing ,the opportunity to invest in this lucrative means of transportation. In case you choose to operate the machine yourself, the result will encourage you to do more . Daily, you could make up to N4,000 to N7,000 depending on the turn-out of passengers in your location .
How to make money with parallel? ›
Your earnings are calculated based on post views. The more you post, the more you earn. Your earnings appear in the Rewards section of your profile, where you can make withdrawals. The Creator Fund, Invite a Friend incentive, and affiliate revenue amounts are combined in the Rewards section.
What does Keke boyfriend do for a living? ›
According to his Instagram bio, the 30-year-old is a father, actor, writer and sports content creator. He also happens to be a fitness instructor at Inspire Fitness Studio. His interest in sports drove him to pursue a career in sports media, going to school for a certificate in broadcasting.
What is the other name for Keke NAPEP? ›
Most have three wheels and do not tilt. They are known by many terms in various countries including auto, auto rickshaw, baby taxi, mototaxi, pigeon, jonnybee, bajaj, chand gari, lapa, tuk-tuk, tum-tum, Keke-napep, Maruwa, Adaidaita Sahu, 3wheel, pragya, bao-bao, easy bike, and tukxi.
Who introduced Keke NAPEP in Nigeria? ›
The evolution and development of KEKE as a mean of public transportation in Nigeria can be traced back to Brigadier General Mohammed Buba Marwa (Rtd), the Military Governor of Lagos State between 1996 and 1999. He was the first to launch tricycle to be used as commercial transport in Lagos State and Nigeria.
The new Retail price for Mahama Candoo/Yellow Yellow/ Praggia/Keke is GHc16,300.
What is tricycle called in Nigeria? ›
Background on tricycle (Keke) in Nigeria
Equally, the word keke is directly derived from Yoruba, the dominant indigenous language in Lagos.
How much is a farm tricycle in Nigeria? ›
@ 2.7mil - Agriculture - Nairaland.
What is the best age to buy a tricycle? ›
Don't get a tricycle until your child is physically able to handle it. Most children are ready around age 3. Go low. Look for a tricycle that is built low to the ground and has big wheels.
Is yam business lucrative in Nigeria? ›
Yam farming is a very lucrative business in Nigeria as a lot of families consume yams as their primary food, but most people fail to recognize this. Though the business appears laborious, investing in yam farming wouldn't be a total waste of time as long as you do it the right way and at the right time.
How lucrative is fast food business in Nigeria? ›
The annual value of the fast food business in Nigeria was N250 billion in 2015, which is approximately US$700 million.
How lucrative is rice business in Nigeria? ›
The average rice yield per hectare in Nigeria is 2.5 to 4 tons. Assuming you sell a bag of rice for N12,000 (or 8 US Dollars), and you have a farm of 10 hectares, you can make between N300,000 (or 200 US Dollars) to N480,000 (or 320 US Dollars) per hectare per month.
How profitable is mini importation business in Nigeria? ›
This is not because they don't make enough profits from importing products from countries like China and selling them in Nigeria, because, quite frankly, mini-importers make as much as 500–700% in profits.
