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Bolt Offers Businesses Affordable Rides to Boost Efficiency

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By Modupe Gbadeyanka

To help companies become more productive and efficient at lower cost, leading ride-hailing service provider, Bolt, is offering a package called Bolt Business.

This product offers affordable business rides to corporate organisations as well as Small and Medium Enterprises (SMEs), helping them to manage how team members commute for business trips.

“The Bolt Business service was introduced to enable companies of all sizes to manage and pay for corporate trips via one simple portal.

“Since the launch, we have successfully completed hundreds of thousands of trips on the platform for several of Nigeria’s top corporate offices as well as small and medium-sized businesses.

“We are committed to easing mobility in Nigeria and the Bolt Business offering is one of the ways we achieve this. The goal is to ease mobility concerns for companies because we provide an affordable and easier option for transportation,” the Country Lead for Bolt Business in Nigeria, Chinedu Ossai, commented.

Business Post reports that this offering aligns with the commitment of Bolt to build a sustainable city by easing mobility for Nigerians.

The Bolt Business platform allows a corporate office or business to create an account where their teams can book rides, as well as keep track of the routes and expenses of the company’s business travels and trips.

To enjoy this, employees can connect their Bolt accounts to the company’s Bolt Business account and switch their payment method to the corporate account.

Recently, Bolt rewarded drivers on its platform with new cars from its Driver’s League Challenge to promote excellent customer service delivery.

The Bolt Business offering advances the commitment to excellent service delivery as it simplifies employee transportation management. The service has a detailed history overview for managers which help them monitor trips and comes with expense reporting.

With this, employees can focus on value-creating activities while Bolt manages the administrative hassles of moving around the city for meetings or other work-related trips.

With the innovative offering for businesses, Bolt reiterates its position as the leading platform in Nigeria’s ride-hailing industry. With unparalleled expertise in delivering a safe and affordable service Bolt’s ultimate focus is optimal customer satisfaction.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Company Gets Ultimatum to Stop Indiscriminate Truck Parking on Aina Obembe Road Baruwa

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By Dipo Olowookere

Residents and motorists plying the Aina Obembe Road in Baruwa, Ipaja, Lagos, may soon heave a sigh of relief as the excruciating traffic gridlock being experienced in the area both day and night may soon be a thing of the past.

This is because the chairman of Ayobo-Ipaja LCDA, Mr Lukmon Agbaje, has directed those involved in indiscriminate truck parking along the road to remove the heavy-duty vehicles within one week, threatening to invoke appropriate enforcement measures for noncompliance with this directive.

Speaking during a meeting on Wednesday with the management of SENA Company, which owns the affected trucks, as well as the leadership of Oluwadara CDA and other key stakeholders like the Lagos State Traffic Management Authority (LASTMA), at the council’s secretariat, Mr Agbaje frowned at the prolonged inconvenience suffered by the community, stressing that public roads must remain accessible and safe for all users.

He emphasised the need for a collaborative approach in resolving the issue without undermining legitimate business operations, noting that he’s focused on finding a lasting solution to the gridlock experienced between Oluwaga and Aina Obembe, where parked trucks have continued to obstruct traffic, disrupt business activities, and pose safety concerns for residents and motorists.

He tasked the firm and the CDA to jointly identify and implement alternative parking arrangements that would remove all trucks from the affected roads and restore the free flow of traffic.

He declared that, “The welfare of our people remains our highest priority. No individual or corporate organisation should obstruct public infrastructure or create avoidable hardship for residents. We must ensure that economic activities coexist with public safety, order, and convenience.”

The council chief reaffirmed his administration’s commitment to promoting orderly development, ensuring safe and accessible roads, improving traffic management, and creating an environment where businesses can thrive alongside the well-being of residents.

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FG Rolls Out Green Tax, Cuts Vehicle Import Levies

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Green Tax Surcharge

By Adedapo Adesanya

The federal government has cut import levies on new and used vehicles by as much as 10 per cent in a move aimed at reducing the cost of vehicle importation, even as it commenced the implementation of a new Green Tax surcharge.

According to an update issued by the Nigeria Customs Service (NCS) on Wednesday, the import levy on new vehicles has been reduced from 20 per cent to 10 per cent, while the levy on used vehicles has been slashed from 15 per cent to five per cent under the 2026 Fiscal Policy Measures, which took effect on July 1, 2026.

The customs said the policy is designed to ease the cost of vehicle imports while advancing the government’s environmental sustainability objectives through the newly introduced Green Tax.

The implementation also reduces the overall import duty on fully built passenger vehicles from 70 per cent to 40 per cent.

As part of the Green Tax framework, a new environmental surcharge of between two per cent and four per cent will apply to petrol-powered vehicles with engine capacities exceeding 2,000cc. However, mass transit buses, electric vehicles, and passenger cars with engines below 2,000cc are exempt from the surcharge.

Beyond the automobile sector, the fiscal measures also lower import duties on several essential goods. The duty on imported rice has been reduced from 70 per cent to 47.5 per cent, while crude palm oil now attracts a 28.75 per cent duty.

In addition, import duties on agricultural and manufacturing machinery have been completely removed to support local production, while Waste PET has been added to the export prohibition list to encourage domestic recycling.

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Ayobo-Ipaja LCDA Plans Data Capture of Commercial Motorcycle, Tricycle Riders

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By Dipo Olowookere

Plans are underway to carry out a comprehensive data capture and registration exercise of all commercial motorcycle and tricycle operators within Ayobo-Ipaja LCDA.

This move, according to the council chairman, Mr Lukmon Agbaje, is part of proactive measures to strengthen the security of lives and property across the Local Council Development Area (LCDA). The exercise, he said, would be executed in partnership with security agencies and transport unions.

On Tuesday, the council chief convened a high-level security meeting with leaders of commercial transport unions and key security stakeholders operating within the area.

Mr Agbaje expressed concern over the increasing influx of commercial motorcycle (Okada) and tricycle (Keke) operators into the LCDA without proper documentation or profiling.

According to him, the absence of reliable records poses significant security challenges and could provide opportunities for criminal elements to infiltrate communities under the guise of commercial transportation.

He stressed that security is best achieved through preventive measures, noting that effective profiling and documentation remain essential tools in safeguarding residents and protecting the council from emerging security threats.

Mr Agbaje disclosed that under the new security framework, all Okada and Keke parks and operational locations across the LCDA would be officially documented, adding that every duly verified operator would receive an official identification jacket bearing a unique coded number to facilitate easy identification and monitoring.

He also said a mandatory guarantor system will be introduced to strengthen accountability, ensuring that every registered rider has a verifiable guarantor who can be contacted whenever necessary.

The chairman noted that these measures are designed not only to improve security coordination but also to protect law-abiding commercial operators and discourage criminal activities within the council.

Leaders of the various transport unions welcomed the initiative, noting that proper documentation will distinguish genuine operators from criminal elements, enhance public confidence, and promote a safer working environment for commercial transporters.

Also, the Divisional Police Officers (DPOs) of Ayobo and Ipaja Commands commended the initiative, describing it as a timely and commendable step towards strengthening community policing. They reaffirmed the Nigeria Police Force’s commitment to working closely with the council to ensure full compliance and sustain peace and public order.

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