Home Business The Thriving Business of Commercial Tricycle (Keke NAPEP)

The Thriving Business of Commercial Tricycle (Keke NAPEP)

Photo Credit: Vanguard
Regardless of the economic recession Nigeria is presently facing,
commercial tricycle popularly called Keke
or Keke NAPEP is fast
becoming a big business in Nigeria. 
It is not unusual to see it in places like
Abuja, Kano and other metropolitan cities in Nigeria apart from Lagos which
blazed the trail during the regime of Military
Administrator, Col. Buba Marwa
(1996 – 1999). In fact, the commercial
tricycle which was launched as part of the Poverty Alleviation Programme was
named after him. 
However unlike in the past where anything goes, Keke NAPEP has
been confined to local routes to cater for the teeming population in such areas.
To make a kill of this

You will require a minimum of N400,000 to procure one ‘Cha-Cha’ directly from the company or
around N460,000 from a distributor; budget another 40,000 to cover registration
and insurance; another N5,000 to cover registration with your Local Government
and Tricycle Union in the area you
hope to operate.
In all, you would have spent N450,000. Interestingly, each of
the tricycle operators is expected to deliver between N2,500 to as high as
N5,000 a day, depending on location. For instance, those located in Lagos Mainland, Alagomeji, Lagos Island,
and Victoria Island often deliver
up to N5,000 a day, 5 days a week. Do the maths yourself and see what it is
bound to fetch you in a year or less.
However if you have huge capital base, you can procure about
six and create a route anywhere (even on the outskirts of town) for your fleet.
It is a win-win situation so far you don’t violate the law or flout union rule.

For more Great Business Ideas, get a copy of “Profitable
Businesses To Start With N300,000 & Above”
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