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Things To Know Before Starting A Logistics Business
If you want to enter this business, please read the following information regarding the prices of Okada (Logistics Ride):
• Q link the one on the picture: ₦1,150m
• Daylong: ₦880,000
• KC Sanya: ₦950,000
• Qlink: ₦900,000
• Denstar: ₦970,000
• Box: ₦50,000
Prices vary based on the motorcycle model you choose.
For registration in Enugu State, there’s a ₦150,000 permit known as a courier permit, obtainable at the Ministry of Transportation (MOT) office.
Additional fees include those from the Nigeria Postal Service, vehicle license, roadworthiness, emblem, Pattywest Nigeria, and other charges. Just keep around ₦300,000 for all required fees to operate effectively in this town.
This advice is specifically for young men interested in entering this hustle. It is profitable but comes with pros and cons. Resilience is key to success. Life is not easy, so expect challenges.
One of my rider friend told he makes at least ₦10,000 or more daily when there’s work, totaling approximately ₦60,000 weekly excluding Sundays.
Expenses for the day were not added to this fee.
What you need to survive is to position yourself. Go to restaurants, bars, and even hotels. Join Facebook groups and some WhatsApp market groups. What I know is that there is money in it if you know what you are doing, and the good thing is that the motorcycle doesn’t consume fuel like keke mini-bus or dyna, so chances that you will save more are there. Also tell your friends that you are doing this so they can easily use your services.
If you are not doing anything and you have over ₦1.5m sitting in your account that isn’t working for you as a guy, use it and invest in this hustle. Buy the dispatch ride and drive it yourself. Trust me, if you don’t sm●ke, w●manize, and you don’t g¤mble, you will save that money you invested in the logistics business within one year and some months.
Then, for anyone who chooses to go into this as a business owner, the major problem here is getting riders that will drive for you. So, the best option you can adopt is to buy the ride, get the necessary documents, advertise that you need people who can ride, and do it on higher purchase.
You will make your money back with some profits. I have had a series of people who started this business and closed it down due to a lack of riders. Not that you can’t get riders, but most of them are full of excuses, and it’s not like they aren’t making money. So, the Nigerian factors play a big role in it.
If you choose to give it out on higher purchase or weekly returns, what you will get is 10k weekly or even 15k, depending on what you agree with the rider.
It’s a promising hustle for both young men and business owners. Delivering a parcel from the office to places like Emene can yield ₦2,000 and above.
The more the distance the more the money.
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“Conversion to CNG May Have Contributed to Deadly Inferno”
A devastating road accident occurred on [date] at G-Hostel Junction, Abakaliki, Ebonyi State, leaving multiple lives lost. An 18-seater bus caught fire, resulting in the tragic loss of passengers.
According to eyewitnesses, the bus driver had recently converted the vehicle’s fuel system from petrol to Compressed Natural Gas (CNG). While the exact cause of the accident is still unknown, concerns are being raised about potential safety risks associated with the CNG conversion.
The accident resulted in the deaths of all passengers on board, with bodies burnt beyond recognition. The incident has sent shockwaves through the community, with many offering condolences to the families of the victims.
Authorities have commenced an investigation into the accident to determine its cause and whether the CNG conversion played a role in the tragedy. The public is urged to remain vigilant and cautious when traveling.
Our thoughts are with the families of the victims during this difficult time. May their souls rest in peace.
The Federal Capital Territory, FCT, Police Command has said it’s operatives were still investigating the alleged murder of Miss Priscilla Ocheme by her boyfriend, Ekosuehi Elvis, also known as Richard at his residence in Lugbe.
The command made the disclosure, while reacting to publications circulating on social media concerning the alleged murder incident and claims that justice may be swept under the carpet.
The Police said: “The suspect was invited for questioning by operatives of the FCT Police on September 24, 2024.
“Preliminary investigations revealed that the suspect, Ekisuehi Elvis, a 30-year-old man from Oredo, Benin in Edo State, met the now deceased Priscilla at Madonna University.
“He lost contact with her when he left the university until 2019 when he came to the FCT for his youth service.
“He was a well-known family friend who frequently visited the deceased at her family home, just as she visited his.
“On September 22, 2024, she had a minor misunderstanding with her mother, which led her to leave her family home in the Karu area and go to Ekosuehi’s residence to cool off.”
“She eventually left his residence later that evening and was on her way home when she was involved in a fatal motorcycle accident at the Amala Moore junction in Pyakasa.
“They rushed her to Pyakasa Health Centre for medical attention, after which she was referred to the Federal Medical Centre, Jabi, accompanied by two police detectives.
“Upon arrival at the medical centre, she was confirmed dead by the doctor on duty.”
The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023.
According to vanguard news, data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that the price of 1 kilogram (Kg) of local rice stood at N1,914.77 during the period.
The report also showed that the price of beans recorded higher growth rate at over 200 percent, YoY.
The NBS report stated: “The average price of 1kg Local rice sold loose went up by 152.92 percent on a year-on-year basis from N757.06 in September 2023 to N1,914.77 in September 2024, while there was an increase of 4.57 percent on a month-on-month basis.
“Also, the average price of 1kg of beef boneless increased by 99.99 percent on a year-on-year basis from N2,816.91 in September 2023 to N5,633.60 in September 2024.
“On a month-on-month basis, it increased by 1.44 percent from N5,553.80 in August 2024. The average price of 1kg beans brown (sold loose) stood at N2,738.59. This indicates a rise of 281.97% in price on a year-on-year basis from N716.97 recorded in September 2023 and a 6.37 percent rise in price on a month-on-month basis from N2,574.63 in August 2024.
“Agric eggs medium size (12 piece) experienced significant price increases year on year by N137.43 percent from N1,047.47 in September of last year (2023) to N2,487.04 in September 2024.
“On a month-on-month basis, the average price of this item rose by 8.64 prices from N 2,289.19 in August 2024. There was also a notable price increase of bread (sliced) by 115.74 percent on a year-on-year basis from N708.36 in September 2023 to N1,528.19 in September 2024.
“On a month-on-month basis, it increased by 4.68 percent from N 1,459.85 in August 2024. The state profile analysis in September 2024 revealed that the highest average price of 1kg of Bean Brown (sold loose) was recorded in Bauchi at N3,450.04 while the lowest was in Adamawa state at N1,800.”
Giving the breakdown of prices across the states, NBS added: “The highest average price of Agric eggs medium size (12 piece) was recorded in Niger State at N3,000.84 while the lowest was in Borno State at N2,075.58.
