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Interswitch Unveils Three Transport Ticketing Products

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By Dipo Olowookere

As part of its determination to bring succour to motorists in the country, Interswitch Group, the Nigeria Pan-African integrated digital payments company, has launched three transport ticketing products developed exclusively for the Nigerian market.

The three new products are the BeCard, the BeVal and the BeReader, but the company said it could expand this offer throughout Africa.

It was gathered that these products were developed as part of the multi-billion Naira deal signed with Bekoz UK Ltd, a British transport ticketing company, to enhance transportation ticketing in Nigeria.

The deal, which is worth £56 million (approx. N26 billion), will leverage British technology to keep Nigeria’s commuters on the move.

The BeCard is a regular shaped card – like any bank card or the Oyster card in London. The BeVal is the device that is installed on the buses where the passenger taps on – just like on the London buses, while BeReader is the mechanism that makes all these work.

Commenting on the partnership, Mr Akeem Lawal, Divisional CEO for Payment Processing at Interswitch highlighted the tremendous potential the partnership offers for revolutionizing the transportation system with attendant impact on millions of commuters in Nigeria.

He said: “Interswitch believes that the transport system in Nigeria, Africa’s largest consumer market, is ready for innovation. This partnership is a key and timely milestone in our industry vertical markets’ focus. It is highly compatible with our vision for Interswitch Transport Solutions (Smartmove) which is essentially to progressively facilitate a multi-modal and multi-operator transportation system underpinned by best-in-class technology”.

“This not only optimizes available infrastructural capacity, but also remarkably improves user experience for all parties in the transport and mobility ecosystem. Our partners, Bekoz, bring their expertise and experience to bear, and we are extremely optimistic about the multiplier effects that this initiative will ultimately have on economic activities across the nation,” he added.

Bekoz has co-created the technology with Interswitch and owns the intellectual property (IP) while the specifications and manufacturing is done by Delta Microelectronics, a global engineering company with a long and proud history of demonstrated excellence.

Speaking in Abuja, at the signing ceremony, Mr Jeremy Hunt, the British Foreign Secretary announced that Bekoz will be providing the contactless transit token technology and associated electronic equipment that allows people to travel around Nigeria’s large and varied transport infrastructure, similar to London’s Oyster system. However this will be tailored to Nigeria’s unique needs.

Mr Hunt said: “This is a great example of British and Nigerian companies working side by side to deliver a better, more prosperous future for us all.

“Africa’s success really matters to the UK, and this deal proves that we have a huge amount of expertise that we can share to contribute to that success. As we leave the European Union, now is the time to redouble our efforts, and commit to the partnerships we have with our African friends.”

Also commenting, Mr Jack Dangoor, CEO of Bekoz said: “We are delighted to collaborate with Interswitch to deliver a British-made fully custom transport ticketing system for Nigeria and other parts of Africa. Our technology offers an efficient and cost-effective solution for commuters and transport operators that satisfies local needs and utilizes the existing infrastructure provided by Interswitch. The ecosystem of the Bekoz solution will provide significant retail business and job opportunities in Nigeria and beyond.”

In the UK, topping up an Oyster card is quite easy. However, factors like limited network connectivity and little or no electricity might make topping the BeCard in Nigeria more difficult.  That is why the BeReader is solar powered and does not require network connection all the time. It is a low-cost device and can transform anyone into an entrepreneur as every BeReader creates a business opportunity for the operator.

Much of the manufacturing will be done in UK, and the deal is expected to create jobs in the Nigerian business and transportation environment.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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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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lukmon agbaje ayobo ipaja data capture

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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inDrive Introduces In-App Audio Recording Feature

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inDrive The Heart That Drives Us

By Aduragbemi Omiyale

A new in-app audio recording feature to enhance safety, promote respectful interactions, and support fair resolution of disputes between drivers and passengers during rides has been introduced by inDrive.

A statement from the global mobility and urban services platform disclosed that the feature can be activated manually by either the driver or passenger at any point during a trip, providing an additional layer of protection and confidence for both parties.

It complements inDrive’s existing suite of safety tools, including in-trip monitoring, ride-sharing capabilities, and 24/7 customer support. Integrated into the app’s Safety Centre.

The audio recording feature, which is already available in the app, helps address situations where evidence is limited, providing an objective record that enables inDrive’s support team to investigate complaints and resolve disputes fairly.

It also promotes responsible behaviour throughout the ride. Designed with privacy and data security in mind, recordings remain securely stored and are only accessed with a user’s consent as part of an official complaint investigation.

The audio recording feature reflects inDrive’s broader mission of challenging injustice by creating a fairer and more transparent experience for everyone using the platform.

According to the Country Manager for inDrive Nigeria, Mr Timothy Oladimeji, while the vast majority of rides are completed without incident, there are occasional situations where misunderstandings arise, and evidence is limited, making it difficult to determine what transpired.

He added that by providing an additional source of information, the feature enables support teams to conduct more thorough investigations and reach fairer resolutions, ultimately enhancing confidence in the platform for both drivers and passengers.

“Safety remains at the heart of everything we do at inDrive. We understand that privacy is just as important as safety, which is why this feature was developed with strong safeguards to ensure users remain in control.

“The introduction of the audio recording feature reflects our commitment to continuously improving the experience for both passengers and drivers to foster trust, accountability and mutual respect,” he said.

The new audio recording feature is now available within the Safety Centre section of the inDrive app. Users will receive notifications informing them about the feature and how it can be activated when needed.

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