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How Nigerians are hustling through rising transport costs

Published

Saturday, 15 March 2025, 4:27 pm

With rising fuel prices and increased operating costs, Nigerians are turning to alternative modes of transport, including ride sharing, carpooling, and off peak travel to reduce expenses. Faced with limited resources and the need to remain punctual, many are also leveraging technology for fare comparisons and adjusting work schedules.

The following guide outlines detailed tips from Nigerians who are managing these higher transport costs effectively while ensuring that daily travel remains efficient and affordable for commuters.

Embrace Ride Sharing and Carpooling – A growing number of Nigerians are forming carpool groups with colleagues and neighbours to share the burden of rising transport expenses. Rather than relying solely on individual journeys in crowded public transport, commuters are now coordinating shared rides using popular ride sharing platforms.
This strategy not only cuts down on individual travel costs but also builds a sense of community among riders. Real life examples from cities like Lagos and Abuja show that regular carpooling arrangements have helped many save money while reducing stress on the road.
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Explore Alternative Transport Options – For shorter distances or when time permits, many Nigerians are opting for alternative means such as tricycles, motorcycles, or even cycling. In urban areas where traffic congestion is a major issue, these alternatives often offer more direct routes and lower fares compared to traditional taxis and buses.
In addition, some commuters are considering the use of mini buses or shared taxis that operate on fixed routes, providing a more stable and predictable cost structure. These options are becoming increasingly popular in both metropolitan and semi urban centers.
Plan Your Routes and Travel Off Peak – Experienced commuters emphasise the importance of planning journeys meticulously. By studying traffic patterns and identifying the least congested routes, many Nigerians are able to avoid surge pricing during peak hours.
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Adjusting travel times to off peak periods not only results in lower fares but also leads to faster, more predictable commutes. This proactive approach requires a bit of research and flexibility, yet it has proven effective in helping individuals save a significant amount of money on daily travel.

ALSO READ: High transport cost forces Enugu residents to trek long distances

Leverage Technology for Fare Comparisons – Modern technology plays a crucial role in managing rising transport costs. Mobile applications that offer real time fare comparisons are now indispensable tools for many commuters.
These apps allow users to check the current rates on various transport platforms and choose the most cost effective option available at the time.
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By monitoring fluctuations and promotions, Nigerians can make informed decisions that ensure they are getting the best deal possible on each journey. This level of awareness has become essential for anyone looking to navigate the high costs of urban travel.
Adjust Work Schedules or Work from Home – Where possible, many professionals in Nigeria are negotiating with their employers for flexible work arrangements. By shifting work hours to avoid the busiest and most expensive commute times or even opting for remote work when feasible, individuals can significantly cut down on daily travel expenses.
Employers in some sectors have recognised the benefits of this arrangement, leading to more widespread acceptance of flexible schedules. This not only helps in reducing commuting costs but also contributes to a better work life balance, which is increasingly valued in today’s fast paced environment.

As transport fares continue to rise, the ingenuity and resilience of Nigerians shine through in their everyday hustle. By combining traditional methods with modern technology and flexible working practices, commuters are effectively mitigating the financial challenges posed by soaring transport costs.

EXPLORE: How to survive the rising cost of petrol and transport in Nigeria

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Business

Acquisition of Shell Petroleum Development Company of Nigeria (SPDC) Completed

Published

1 hour ago

March 15, 2025

John

Aradel Holdings Plc (’’Aradel’’), listed on the Nigerian Exchange Limited, is pleased to announce that the landmark acquisition of the entire (100%) equity holding in the Shell Petroleum Development Company of Nigeria (SPDC) by Renaissance Africa Energy Holdings (Renaissance) has been completed following the signing of a sale and purchase agreement with Shell in January 2024, and the subsequent receipt of all regulatory approvals required for the transaction.

Renaissance is a consortium consisting of Aradel Holdings PLC and three (3) other Nigerian independent oil and gas companies: ND Western Limited, FIRST Exploration and Petroleum Development Company Limited and the Waltersmith Group, each with considerable operations experience in the Niger Delta, and Petrolin, an international energy company with global trading experience and a pan African outlook.

We are proud of Renaissance’s completion of this strategic acquisition and extremely grateful to the Federal Government for entrusting us with the opportunities and responsibilities that this historic acquisition presents.

Aradel’s equity investment in Renaissance marks a significant step in the ongoing transformation journey of the company and demonstrates its commitment to asset diversification, and the creation of long-term value for its shareholders and stakeholders.

Adegbite Falade, MD/CEO of Aradel Holdings, commented on the completion of the acquisition, saying,

This is a landmark moment for Nigeria’s energy sector and heralds a new era for local participation. It highlights the vital role that indigenous energy companies play in Nigeria’s industrialisation and development. As the leading integrated indigenous energy company in Nigeria with a proven track record of twenty (20) years, we remain dedicated to upholding global standards and maintaining operational excellence.

We extend our appreciation to the Honourable Minister of Petroleum Resources, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the GCEO of the Nigerian National Petroleum Company Limited (NNPCL) for their foresight and belief in paving the way for the completion of this transaction. This will surely facilitate the rapid development of Nigeria’s vast oil and gas resources, further paving the way for the Country to achieve energy security and industrial development.

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Business

Vieri rates Lautaro, Thuram over Ademola Lookman

Published

4 hours ago

March 15, 2025

John

Former Italian striker Christian Vieri has ranked Inter Milan’s Lautaro Martinez and Marcus Thuram ahead of Atalanta’s Ademola Lookman and

read more Vieri rates Lautaro, Thuram over Ademola Lookman

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Business

How poorly measured, optimised outdoor campaigns cost advertisers billions of naira annually

Published

7 hours ago

March 15, 2025

John

Outdoor advertising in Nigeria is a multi-billion Naira industry, with brands spending heavily on billboards, transit ads, and digital out-of-home (DOOH) displays to gain visibility.

Despite this massive investment, a significant challenge persists — many advertisers and agencies lack real-time actionable data needed to measure and optimise their OOH campaigns effectively.

The Reality of OOH Advertising in Nigeria

Nigeria’s OOH market is growing, with over 5,000 billboards spread across key cities like Lagos, Abuja, and Port Harcourt.
Brands in FMCG, Banking, Insurance, and Telecoms invest hundreds of millions annually in outdoor advertising.
However, most OOH campaigns are not properly tracked, leading to wasted budgets and missed opportunities for growth.

The Key Problems with OOH Campaign Measurement

No Clear Performance Data: Many brands rely on estimates rather than precise audience insights, making it difficult to gauge effectiveness.
Limited Visibility and Compliance Tracking: Without real-time monitoring, advertisers don’t know if their ads are displayed correctly.
Poor Budget Optimisation: Advertisers continue spending on underperforming locations due to a lack of accurate tracking.

The Solution: AI-Powered OOH Monitoring and Analytics

By integrating Retinaad’s AI-powered tracking solution, RetiTrak, you will improve your campaign and optimise your budget with the following:

Real-time Media Monitoring – Know exactly when and where your ads appear.

AI-driven Audience Measurement – Get real, actionable data on impressions and engagement.

Automated Campaign Reports – No more guesswork—make data-backed marketing decisions.

Take Control of Your OOH Advertising Now

Marketing Managers, Brand Managers, and agency leaders stop wasting budgets on unverified outdoor media placements. Book a free demo with Retinaad Limited today and start tracking your DOO/OOH campaigns with precision. Click here to schedule your free demo now!

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